WASHINGTON (AP) — It's not just millionaires who'd pay more under President Barack Obama's latest plan to cut the deficit.
Air travelers, federal workers, military retirees, wealthier Medicare beneficiaries and people taking out new mortgages are among those who would pay more than $130 billion in government revenues raised through new or increased fees. These fees are advertised as "savings" in administration budget documents.
Airline passengers, for instance, would see their federal security fees double from $5 to $10 for a nonstop roundtrip flight and triple to $15 by 2017. Federal employees would contribute more to their pensions. Some military retirees would pay a $200 fee to have the government pay out-of-pocket Medicare costs.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
