The Baucus Middle Class Tax Hike - The American Spectator | USA News and Politics
The Baucus Middle Class Tax Hike
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Among the many new taxes proposed by Max Baucus’s health care proposal is a mandate requiring that individuals purchase health insurance. While his proposal would provide sliding scale subsidies to lower-income Americans, those subsidies would cap out at 300 percent of the federal poverty level. What the Baucus proposal means in real terms is that a family of four with a household income above $66,150 would face a tax of $3,800 if they do not obtain health care, while an individual with income above $32,490 would face a tax of $950.

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