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Adminstration considering elimination of tax free healthcare benefits and elimination of interest expense on homes for couples making over $100,000
Original post made
on May 13, 2009
In order to help fund the cost of healthcare for the uninsured the Obama administration and congress are considering eliminating the tax free status of employer provided healthcare benefits and treating it as taxable income thereby generating an additional $250 billion per year in tax revenue. In addition, also under consideration and discussion is elimination of a tax deduction for interest expense on home loans for couples making over $100,000 per year.
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