It's been a lousy year for organized labor. It's bad enough that they were unable to get Card Check through the Senate with 60 Democrats, but now the unions have also become the dedicated cash cow for funding ObamaCare.
WASHINGTON – President Barack Obama signaled to House Democratic leaders Wednesday that they'll have to drop their opposition to taxing high-end health insurance plans to pay for health coverage for millions of uninsured Americans.
In a meeting at the White House, Obama expressed his preference for the insurance tax contained in the Senate's health overhaul bill, but largely opposed by House Democrats and organized labor, Democratic aides said. The aides spoke on condition of anonymity because the meeting was private.
As I wrote last week, the insurance tax only kicks in for insurance plans whose total cost (including both employer and employee contributions) is $23,000 per year, or just under twice the national average ($12,300). Unless you are either a CEO or a union member, it will not affect you.