Thursday, July 30, 2009

Section 207 - the trust fund

There was an earlier mention of this trust fund, but this section describes "who's gonna pay for this thing?"
- taxes on individuals refusing coverage. It states this is already covered by section 59B of the IRS code of 1986
- taxes on employers not providing acceptable coverage - section 3111C of the same code.
Whatever comes up short, the Treasury has to make it up. Well, why didn't you say it was so easy!?

While very short, this is a very interesting and complicated section. This would appear to be at least one of the sections that describes the opposition's "they're gonna tax your health care benefits" slogans. The argument appears to be very disingenuous, although, to be fair, this bill is also changing the definition of what it means to be covered. So it could be that someone who would not be taxed today would be taxed after this is passed, but the great majority of people's status wouldn't change.

No comments:

Post a Comment