Paul McLeod

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Last quote by Paul McLeod

The Republican plan (also) includes a tax break for insurance company executives making over $500,000 per year. Companies can generally deduct employee salaries as a business expense but in 2013 the ACA capped the deductions on health insurance executive salaries at $500,000. The average compensation for top health insurance executives is in the millions. In 2014 the left-leaning Institute for Policy Studies found that this cap generated $72 million in additional tax revenue.
Mar 07 2017
This page is completely dedicated to what Paul McLeod has to say. All of Paul McLeod’s quotes are organized here by date and topic. The most recent quote attributed to Paul McLeod came from an article called House committees set to advance ACA replacement before knowing cost or how many lose coverage: “The Republican plan (also) includes a tax break for insurance company executives making over $500,000 per year. Companies can generally deduct employee salaries as a business expense but in 2013 the ACA capped the deductions on health insurance executive salaries at $500,000. The average compensation for top health insurance executives is in the millions. In 2014 the left-leaning Institute for Policy Studies found that this cap generated $72 million in additional tax revenue.”.
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