WASHINGTON- You can’t open a newspaper or turn on the TV these days without tax talk. Should the reduction in worker payroll taxes be continued in 2012? Should it be extended to employers? Are Americans who earn over $200,000 annually entitled to the full value of their itemized deductions? Are the rich paying their fair share?
President Obama raised these questions in proposing how to pay for his $447 jobs bill.
But no one seems to be talking about the $2,000 per worker tax on employers, to begin in 2014. Enacted as part of the 2010 Patient Protection and Affordable Care Act, it will be levied on firms with 50 or more employees who do not offer the right kind of health insurance to their workers.