Congressional tax reformers are taking aim at one of the most cherished tax breaks available to working Americans — employer-paid health insurance coverage.During the latest round of tax reform hearings before the Senate Finance Committee, experts in both taxation and health care presented their case for eliminating — or at least sharply reducing — the federal tax subsidies given for employer-provided health insurance, which now provide the average U.S. taxpayer with nearly $3,000 a year in benefits.
Pulling the plug on the deductibility of employer-paid health insurance would shift an estimated $246 billion from the pockets of working taxpayers to the Treasury — money that some congressional leaders believe could be used to finance a more equitable system of health care.
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