Healthcare Reform to Top $1 Trillion

  Government, Politics and the Economy Democrats Offer Mixed Signals on Deficit President Obama may have called for legally binding measures to enforce spending restraint, but both his congressional allies and his own actions are threatening to undermine his effort. WSJ.com Healthcare Bill Raises Taxes by $600 Billion House Democrats have drafted healthcare overhaul legislation that includes $600 billion in tax increases and $400 billion in cuts to Medicare and Medicaid. According to Ways and Means chairman Charles Rangel, the total cost of healthcare reform will top $1 trillion. Bloomberg.com Management and Operations [Read Full Article]


Start-ups May Get Big Tax Break

  Government and Economy Bill Could Make Healthcare Cheaper for the Self-Employed The measure under consideration would put an end to the FICA tax on health insurance premiums for the self-employed, making them more affordable and leveling the playing field with other businesses. WRN.com Startups May Get Big Tax Break New, bipartisan legislation proposes to amend the IRS code to allow new businesses to write off more of their operating costs. The Small Business Formation and Job Creation Act, would raise the start-up business deduction from the current $5,000 to $20,000. WSJ.com [Read Full Article]