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tax topics
 

Health Financing Options

Leonard Burman's testimony on Financing Healthcare Reform before Senate Finance Committee, May 12, 2009

Various Revenue Raising Options

2009-2019 Impact on Revenue

 

Replace Itemized Deductions with 15% Nonrefundable Credit

2012 Versus Current Law
2012 Versus Administration Baseline
 

Replace Itemized Deductions with 15% Refundable Credit

2012 Versus Current Law
2012 versus Administration Baseline
 

Increase Social Security Payroll Tax by 1%

2012 Versus Current Law
2012 Versus Administration Baseline
 

Eliminate the Social Security Payroll Earnings Cap

2012 Versus Current Law
2012 Versus Administration Baseline
 

Index Tax Parameters to 1% Less than CPI

2012 Versus Current Law
2012 Versus Administration Baseline
 
Employer Sponsored Insurance (ESI) Exclusion Reforms

2009-2019 Impact on Revenue

 

Repeal ESI Exclusion

2010 Versus Current Law
2019 Versus Current Law
 
Cap ESI Exclusion

Unindexed Cap Based on Average Premiums

2010 Versus Current Law
2019 Versus Current Law
 

Cap Indexed by CPI Based on Average Premiums

2010 Versus Current Law
2019 Versus Current Law
 

Cap Indexed by Medical Expenses Based on Average Premiums

2010 Versus Current Law
2019 Versus Current Law
 

Unindexed Cap Based on 90th Percentile of Premiums

2010 Versus Current Law
2019 Versus Current Law
 

Cap Indexed by CPI Based on 90th Percentile of Premiums

2010 Versus Current Law
2019 Versus Current Law
 

Cap Indexed by Medical Expenses Based on 90th Percentile of Premiums

2010 Versus Current Law
2019 Versus Current Law
 
Replace ESI Exclusion with Voucher Financed with a VAT

2009-2019 Impact on Revenue and Required VAT Rates

 
2009 With No Cash Subsidy
2009 With $500 Per Person Cash Subsidy