Cato Institute’s Chris Edwards has a new Tax and Budget Bulletin about how to pay for President Obama’s $1.5 trillion health-care plan. As it turns out, in spite of many promises not to increase taxes on the lower and middle classes, the administration won’t have a choice. However, there are many ways to skin a cat, as Edwards demonstrates. The president could tax employer-provided health insurance, eliminating HSAs and FSAs, limit the deductibility of medical expenses, increase taxes on alcohol and beverages, or hike the already too high corporate taxes. Either way, the cat won’t like it.
The Corner on National Review Online.
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