Rewards friends.
Penalize enemies.
It’s the Chicago way.
5 years down, 3 to go.
Since the Supreme Court ruled this a TAX isn’t there any enterprising Lawyer that can build a case against any exemptions being unconstitutional under Article I, Section 8, Clause 1 ....The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence[note 1] and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States....
To me there is a BIG problem nobody has picked up on regarding the Obamacare disaster. . Many group policies include some limited life insurance coverage. Coverage that is usually good enough to bury somebody. The employer usually pays the premium and the coverage is usually not health underwritten.
Millions will be kicked off their current group policies and dumped in to the exchanges where they will be forced in to individual policies. When this happens all this life insurance will be cancelled too. This will result in people having to pay their own premiums or higher premiums, finding that life insurance is unavailable or a number of other headaches like having to have a medical exam before coverage can be written.
The only good thing about this is that some people may obtain more coverage because they are buying individual policies. Or, they may buy the right amount of coverage if they only had coverage on the group policy.
This, of course, opens the door up for Obamacare to get in to the life insurance business. Lord help us.