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>Big Labor gets you to pay , “Cadillac tax” on their Health Plans


Unions will dodge O’s health tax

Last Updated: 10:55 AM, January 15, 2010
Posted: 2:49 AM, January 15, 2010

Big Labor got some big love from President Obama and congressional Democrats yesterday after they agreed to exempt union workers from the whopping “Cadillac tax” on high-cost health-care plans until 2018.

The sweetheart deal, hammered out behind closed doors, will save union employees at least $60 billion over the years involved, while others won’t be as lucky — they’ll have to cough up almost $90 billion.

The 40 percent excise tax on what have come to be called “Cadillac” health-care plans would exempt collective-bargaining contracts covering government employees and other union members until Jan. 1, 2018.

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