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Quick Hit
by Ashlee Rezin
4:25pm
Thu Oct 2, 2014

Immigration Reform Activists Protest During Obama's Visit To Northwestern University (VIDEO)

While President Barack Obama spoke about the economy Thursday at Northwestern University, about two-dozen immigration reform advocates protested outside, calling the president the “deporter in-chief.”

“We need to remind the president of the pledge he took to stop deportations,” said Carlos Rosa, an organizer with the Illinois Coalition for Immigrant and Refugee Rights.

Quick Hit
by Ellyn Fortino
1:05pm
Fri Sep 5, 2014

Report: Obamacare Curbed Taxpayer Subsidies For Health Insurer Executive Pay

The 2010 Affordable Care Act (ACA) sharply reduced taxpayer subsidies last year for executive pay at the nation's 10 largest publicly held health insurance companies, according to a new report by the Institute for Policy Studies (IPS), a Washington-D.C.-based think tank.

Last year, an ACA provision took effect that put a $500,000 cap on the tax deductibility of health insurer executive compensation. Previously, the companies had a $1 million limit on the deductibility of executive pay from federal corporate income taxes. Now, health insurance companies are allowed to deduct only up to $500,000 in combined performance-based and salary pay per employee each year.

As a result of the deductibility limits under the health reform legislation known as Obamacare, the country's top 10 health insurers saw their collective corporate taxes increase by an estimated $72 million in 2013, according to the report, "Executive Excess 2014: The Obamacare Prescription for Bloated CEO Pay."

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