OBAMACARE, 35% TAX INCREASE ON MIDDLECLASS
Even a Democrat, is saying “whoa” on the new taxes expected with OBAMACARE. Jay Rockefeller,D-W.VA. has come out against the healthcare bill proposed by, Sen. Max Baucus, D-Mt. A 35% tax increase would be levied on employer-provided health care benefits. The tax increase would be placed on the employer. The employer, would probaby pass the cost to their employees in the form of reduced benefits or higher costs for health insurance . This tax would most likely affect employees with large companies that are self-insured and offer generous healthcare plans. Most likely affected would be , steelworkers, airline workers, coal miners, and automobile workers. Other large companies like IBM, GE etc., that offer helathcare ,would take a hit.