Posted on 10/26/2015 10:11:36 AM PDT by Citizen Zed
Economists Lawrence H. Summers, Treasury secretary under President Clinton and top economics adviser under President Obama, and N. Gregory Mankiw, CEA chair under President George W. Bush, team up this morning in an op-ed supporting Obamacares Cadillac tax...
They are right to do so, as the Cadillac tax actually cuts government spending (properly understood).
(Excerpt) Read more at nationalreview.com ...
Like most socialist systems, what the gov views as excess is taxed more heavily than some arbitrary baseline.
However, I think that state union workers are the biggest users of “Cadillac” policies.
So your state gov is now going to be on the hook for this. You know they won’t cut spending so that means...
Sad to see how far into the toilet NRO has gone.
Nice try, but no. . . .
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