Finance
e-Newsletter
Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

White House seeks tax changes to fund health efforts

Wall Street Journal, May 12, 2009
The White House has proposed an additional $59 billion in changes to the tax code that would help pay for the cost of efforts to cover the more than 40 million Americans without health insurance, including a substantial tightening of estate and gift tax rules. Budget documents reiterate President Barack Obama's plans to create a $630 billion "health reform reserve fund" to help pay for the healthcare efforts, which are expected to cost at least $1.2 trillion over 10 years.