Obama reverses course, may tax employee health benefits

Advertisement

The New York Times reports that President Obama‘s administration is floating the concept of employee health benefits.

This proposition flies smack in the face of the president’s campaign promises in that he specifically stated that he would do no such thing, saying that such a move would be tantamount to “the largest middle-class tax increase in history.”

With the huge stink-up about the unprecedented spending bills recently enacted — which the media bought into as “economic stimulus” packages — why is the new administration even considering such a move?

While one hopes that President Obama and his administration can pull our country out of this recession, the latest activity on Wall Street show that so far, he is not eliciting much confidence. When Obama or one of his cabinet announces a new plan, the market tanks; when a private company (Citigroup) announces a profit, the market rises to a record not seen in six months.

For the benefit of our economy, perhaps it would be best for the president to allow some of the “stimulus’ to trickle down, and keep to the business of running government and not private enterprise.

Leave a Comment

Follow IFAwebnews: 
Important links and updates throughout the day via Twitter Join IFAwebnews’ Insurance News group on LinkedIn.com Become a fan of IFAwebnewss Insurance News on Facebook Feeds for all the ourinsurance news or just the lines you need. Insurance news delivered to your inbox
© 2012 New Horizon Group, Inc. :: Insurance & Financial Advisor | IFAwebnews.com :: NS 36 queries. 0.587 seconds.
Entries RSS Comments RSS