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...included in the House bill, as expected, is a requirement that employers provide health benefits to their workers, although the precise shape of that mandate is unclear. The smallest, low-wage firms would be exempted from that requirement, and the three House chairmen anticipate providing a new small-business tax credit to help others. It also includes a "pay or play" provision: those businesses that do not provide benefits would be forced to pay some percentage of their payroll - 5% or 6% is being talked about - into a fund for the uninsured. And it would prohibit insurers from discriminating against...

Author: /time Magazine | Title: The House's Surprisingly Moderate Health-Care Plan | 6/10/2009 | See Source »

...biggest question unaddressed in the House outline is how they would actually pay for health-care reform. Specifically, there is no mention of an idea being kicked around in the Senate Finance Committee to impose new taxes on at least some of the employer-provided health benefits that workers now get tax-free. House sources say they are facing strong resistance from rank-and-file Democrats against that idea, and Rangel has previously expressed his opposition to such a funding measure...

Author: /time Magazine | Title: The House's Surprisingly Moderate Health-Care Plan | 6/10/2009 | See Source »

...nominated a firecracker, the Broadway producer Rocco Landesman, to be the NEA's next chairman. But at the same time, arts groups are worried about what they see as a serious threat to their donor base: the White House proposal to reduce as much as 20% the tax deduction that higher-income families can take for charitable contributions...

Author: /time Magazine | Title: Culture Crunch: The Recession and the Arts | 6/8/2009 | See Source »

...much the same reason that giving me a credit card was a bad idea: I love stuff and hate paying for it. And it turns out there are a lot of people just like me. On May 19, California voters knocked down all five of the budget-cutting and tax-raising propositions designed to save the state budget from being $21 billion short. We already had the worst credit rating of any state. Which means that if states were people, California would be Ed McMahon...

Author: /time Magazine | Title: Joel Stein on California's State of Insanity | 6/8/2009 | See Source »

...This is the best month of May ever.' HELIO CASTRONEVES, race-car driver, on capturing his third Indianapolis 500 just weeks after being acquitted of tax evasion...

Author: /time Magazine | Title: Verbatim | 6/8/2009 | See Source »

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