Yesterday, the Senate approved a three month extension of the Highway Trust Fund. The bill, called the Surface Transportation and Veterans Health Care Choice Improvement Act, would fund the Highway Trust Fund until...
- Alan Viard on the 3.8% Health Care Tax
Alan Viard on the 3.8% Health Care Tax
American Enterprise Institute Resident Scholar Alan Viard discusses the 3.8% tax on investment income that was part of the Patient Protection and Affordable Care Act, the health care legislation also known to some as "ObamaCare." Originally passed in 2010, the tax just went into force this year.
Alan explains the details behind this tax - misleadingly named the "Unearned Income Medicare Contribution" - and what economic effects we're likely to see from its implementation in the long term.
For more information: see "The other tax increase on saving" in Tax Notes of February 18, 2013 by Alan Viard.
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