Project 2025, the right-wing policy blueprint spearheaded by the Heritage Foundation and co-authored by more than 100 former Trump administration staffers, has been denounced for several of its tax proposals, including slashing the corporate tax rate and the capital gains tax to benefit wealthy Americansābut a research group on Wednesday warned that one economic policy that hasnāt gotten much attention could āgreatly increaseā financial hardships for millions of working families.
EPI Action, a nonpartisan research and advocacy organization affiliated with the Economic Policy Institute, published an analysis of a proposal that appears on page 7 of Project 2025ās section on the Treasury Departmentāwhose authors include at least two people who served on Republican presidential nominee Donald Trumpās campaign and transition team for his term in office.
The proposal calls to tax employers on workplace benefits that exceed $12,000 per worker annuallyāwhich would undoubtedly ālead to employers cutting back on these benefits,ā wrote Josh Bivens, chief economist for EPI Action.
Based on health insurance benefits that are provided to more than 150 million Americans through their employers, Bivens found, more than 15 million workers would see their benefits taxed under the Project 2025 plan.
Those workers would collectively pay over $12 billion more in taxes if their employers shifted away from providing benefits as a cost-cutting measure.
If you get stuck with a public option, but are over the income threshold, you will be much more reliant on being employed.
They are devastatingly expensive. The plan Iām on is more than all my other bills combined including my mortgage.
I believe it. I looked into it this past year because the company I currently work for has mediocre health insurance. I honestly donāt know how anyone can afford any of the current public options. In theory these options should be better but in practice theyāre just as rigged as everything else.
Honestly, itās a blemish on Obamaās legacy. Itās not sustainable. We need Universal Healthcare or Single Payer.
The ACA is just dragging out the vampism of big health.