If you work for a company the gives you health benefits...

[ambitious_wench]

Bush has a plan to rearrange taxes in order to favor the rich: And how he's doing it is going to effect the corporate drones.

According to a Washington Post article published today,

Instead the administration plans to push major amendments that would shield interest, dividends and capitals gains from taxation, expand tax breaks for business investment and take other steps intended to simplify the system and encourage economic growth, according to several people who are advising the White House or are familiar with the deliberations.

The changes are meant to be revenue-neutral. To pay for them, the administration is considering eliminating the deduction of state and local taxes on federal income tax returns and scrapping the business tax deduction for employer-provided health insurance, the advisers said.

This means that corporations are going to not get a tax break for providing health benefits to their employees. And we know how that's going to affect the Cubicle Prairie, don't we?

However, the corporate pirates^w leaders will be able to put their multi-million dollar bonuses into high interest investments.

This is not a good idea, folks.

Comments

[whispersinink.livejournal.com]

I find very little that the administration backs that is a good idea.

[remus-shepherd.livejournal.com]

This is good old-fashioned revolution fuel. If he enacts regulation that causes millions of white collar workers to lose health insurance, there will be hell to pay.