Wednesday, April 7, 2010

Eliminated Tax Subsidy Painted As Obamacare Cost

http://www.opencongress.org/articles/view/1781-Eliminated-Tax-Subsidy-Painted-As-Obamacare-Cost?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+OpenCongressCongressGossipBlog+%28Open+Congress+Blog%29

"Once again to clarify, the government pays businesses to provide their retirees with prescription drugs and then allows those businesses to deduct those government dollars from their taxes. The Affordable Care Act keeps the government subsidies in place but eliminates the tax provision. This is what the Wall Street Journal considers to be a "wholesale destruction of wealth and capital."

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