FOXNews.com - Deal Reached on Taxing 'Cadillac' Plans
****ing fantastic. What is good for the goose is not good for the union member.The White House has reached a deal with health care negotiators, including labor unions, on taxing the high-level "Cadillac" plans that workers with high-risk jobs often purchase.
The excise tax on high-cost insurance plans has been one of the biggest sticking points in the negotiations, as President Obama has favored the Senate plan which calls for the tax, while House Democrats preferred raising taxes on high-income earners.
A senior Democratic official speaking on background told Fox News that the threshold for exemption would be raised from $23,000 to $24,000 per family but would remain the same at $8,500 for singles with high-value plans. Dental and vision plans would be removed from that calculation, however.
State and local workers and union members are exempted until 2017.