Well, looky here…its a belated Xmas present to the people that helped elect O-man into office
President Obama and congressional Democrats agreed to exempt union workers from the whopping “Cadillac tax” on high-cost health-care plans until 2018.
The 40 percent excise tax on what have come to be called “Cadillac” health-care plans would exempt collective-bargaining contracts covering government employees and other union members until Jan. 1, 2018.
Well at least we know now why all these conversations are going on behind closed doors and not transparent
In another major concession to labor, the value of dental and vision plans would be exempt from the tax even after the deal expires in eight years, negotiators said.
Under the plan to help fund health-care reform, the tax would kick in for plans valued at $8,900 or more for individuals and $24,000 or more for families.
That’s slightly higher than the $8,500 and $23,000 thresholds in the bill passed by the Senate last month.