But according to Gruber, the so called "Cadillac tax" on generous health plans, is not a tax at all, but rather just a partial mitigation of an existing tax break:
"The assessment proposed in the Senate is not a new tax; it is the elimination of an existing tax break..."
Now, I don't deny that what Gruber is saying is true in a weird world where we start with everything belonging to the government, but have we really come to that? Maybe so.
By the way, not only is it not a tax, it's also magic:
"So in the end, we have a policy that provides the necessary financing to pay for subsidies to low-income families; induces employers to buy more cost-effective health insurance, lowering U.S. health-care spending; offsets a bias in our tax system that favors more expensive insurance; and raises wages by $223 billion over 10 years."
No word yet on whether or not it will cure male pattern baldness, but I am hopeful!