excise tax

One of the most controversial pieces of the current health care reform bill is the introduction of the so-called "Cadillac tax" -- an excise tax on premium insurance plans that would be used to offset the estimated $940 billion price tag for health care reform. The term "Cadillac tax" was coined...

The ongoing debate over health care reform is getting nipped and tucked, but not in the way you might expect. To make the new bill work, Congress has to find a way to pay the $848 billion tab. The Senate has come up with $5.8 billion toward that goal -- thanks to proposed levies on lunchtime...