New Year Brings Taxes on Wealthy, Health Care Industry

By: AP Email
By: AP Email

WASHINGTON - - No matter what happens with the "fiscal cliff," new taxes are coming on the first of January to help finance President Barack Obama's health care overhaul. They will affect people who make a lot of money, and the health care industry.

But there will be a much bigger impact if Congress decides to start taxing employer-sponsored health insurance. And that is one option that is in play if lawmakers can agree on a deal to reduce future deficits.

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