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Jim Angle Reports: Obamacare's "Cadillac Tax" In Jonathan Gruber's Words

JIM ANGLE, SPECIAL REPORT: Of all the taxes in Obamacare, non is more onerous than the whopping 40% "Cadillac tax" on generous workplace health plans, which the administration is trying to discourage.

JONATHAN GRUBER: Turns out politically, it is really hard to get rid of, and the only way we could take it on was first by mislabeling it, calling it a tax on insurance plans rather than what we all know: it is a tax on people who own insurance plans.

JIM ANGLE: What he called a "clever exploitation" of Americans' lack of economic understanding. Later Gruber said because the tax was a "political nightmare" the president wanted to phase it in to draw less fire.

JONATHAN GRUBER: That ultimately became the genesis of the so-called "Cadillac tax."

JIM ANGLE: A Cadillac plan is one that will cost about $27,500 for a faily of four in 2018. Unions would be hardest hit because they've negotiated generous health benefits, which are tax free, in exchange for reduced wages on which taxes are paid...

But the tax is so large -- $80 billion by 2023, private employers started the moment the law was passed to shift more cost to their workers...

But taxpayers get hit too, about half of all union workers are public employees, meaning taxpayers are the ultimate employer who will bear the burden of the tax.

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