Another day, another tax increase to finance the trillion-dollar health-care overhaul.
The latest schemes are leaking out of the Senate, where Majority Leader Harry Reid is scrambling to find enough money while not offending Big Labor. The Senate Finance bill imposes a 40% tax on expensive private health plans, many of which belong to union members as part of their negotiated contracts. So Mr. Reid wants to reduce this tax and is floating a new Medicare payroll tax surcharge as a substitute.
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