Thread by @phillyrich1

Economists are urging Congress to tax your company health insurance benefits. But this isn't the first time.

Here's what the economists wrote to Congress in 2015
cbpp.org/sites/default/…

Here's what the economists wrote to Congress yesterday
crfb.org/sites/default/…

Here's the body of yesterday's letter:

Here's the body of the 2015 letter:

The bodies of the letters are exactly the same, word for word, with the exception of (the font and) the total tax impact.

Why is the total tax impact greater now than in 2015?

The greatest Obamacare secret is that the Cadillac Tax was designed to impact more & more company insurance plans over time. The tax trigger points are indexed to INFLATION, not HEALTH CARE INFLATION. Health care inflation (roughly) equals inflation plus 4-5 percentage pts.

Most of the tax $ comes NOT from the tax itself but from ppl getting kicked off their plans & being "recompensated" w/taxable wages.

"As employers redesign health insurance plans (kick you off your plan) to hold costs within the tax-free amount, cash wages ... will increase."

Here's Jake Tapper doing a very good job of explaining the entire thing, although he failed to credit the source for his article (Unlike John Gibson, I had to walk Tapper through this very slowly and several times. Yes, I have the emails.)
cnn.com/2014/11/18/pol…

What we really have here w/the Cadillac Tax is a massive tax grab designed to destroy your company sponsored insurance plan. IT'S BY FAR THE GREATEST LIE OF OBAMACARE. (If you like your company plan, you cannot keep your company plan.) That lie targets something like 180m ppl.

Here I talk with Sharyl Attkisson about it in 2016. You can thank the liars (Emanuel and Gruber) for getting this passed into law.

Also, special thanks to Max Baucus for flat out lying about it on the Senate floor.

fullmeasure.news/news/politics/…

And lets not think the economists and Baucus didn't know this the entire time. Here's Gruber's written testimony to Baucus' subcommittee in 2009 explaining how they wipe out your tax break "over an 11-12 year period."
finance.senate.gov/imo/media/doc/…