Tax Free = Tax Expenditure

Reviewing a Bloomberg article on the “health-care overhaul” (how come they don’t call it “Universal” anymore?) I ran across the following paragraph that I had a little problem reconciling?

Lawmakers have a plethora of proposals to raise the hundreds of billions estimated to be needed for an overhaul, including new taxes on soda, beer, and wine, and a partial tax on employer-provided health insurance for the first time. The tax-free nature of employer-provided insurance is the biggest tax expenditure in the federal budget.

So do I read that correctly, tax free employer-provided insurance is considered not only a tax expenditure but the biggest tax expenditure in the federal budget?  So any unclaimed opportunity to tax is considered by the democrats as a “tax expenditure”?  Does that also mean when they start taxing our employeer-provided insurance that it was be considered a tax expenditure reduction?

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According to Merriam-Webster’s online dictionary one of the definitions of muse is “a state of deep thought”. That is what this site is going to be, my “deep thoughts”, and maybe sometimes not so deep thoughts, about all the things that interest me. Hopefully these posts will create some discussion and feedback from the readers. I would much rather this be a discussion site instead of a lecture one.

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