I am not so sure we will ever have to deal with a national payroll tax of that size.
Over 65% of restaurants do not provide health insurance today. Well over two million other firms (mostly very small companies) also do not provide insurance.
An 11% payroll tax would be a dagger in their financial heart, and they will fight it vigorously.
The most generous companies today (who pay for family coverage) would probably do better under a payroll tax. But I am not confident they could get a large tax to pass.
Why a payroll tax? If the intent is to sever the link between employment and health insurance, wouldn’t it make more sense to continue drawing from the general fund, but funnel the money directly toward insurers?
I am not so sure we will ever have to deal with a national payroll tax of that size.
Over 65% of restaurants do not provide health insurance today. Well over two million other firms (mostly very small companies) also do not provide insurance.
An 11% payroll tax would be a dagger in their financial heart, and they will fight it vigorously.
The most generous companies today (who pay for family coverage) would probably do better under a payroll tax. But I am not confident they could get a large tax to pass.
Why a payroll tax? If the intent is to sever the link between employment and health insurance, wouldn’t it make more sense to continue drawing from the general fund, but funnel the money directly toward insurers?