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Higher Medicare Taxes, Tougher Indexing for ‘Cadillac’ Tax Proposed in Health Care Reform Reconciliation Bill

March 19, 2010 in Daily Tax Report · Leave a Comment 

House Democratic leaders unveiled health care legislation March 18 that includes a higher tax on high-income households than President Obama proposed and a less generous inflation index for excise taxes on high-cost health insurance plans.

Democratic lawmakers hope the bill (H.R. 4872) will finally be able to bridge their differences with the Senate’s bill (H.R. 3590) (246 DTR GG-2, 12/29/09) and allow for a completed overhaul bill to reach the president’s desk before their April recess begins March 29. The bill is set to…

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