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Tuesday, January 18, 2011

 10:46 AM 

Contrast apparent on HSAs

JFC co-chair Robin Vos said positions on the tax deductibility of HSAs shows a "clear difference" between Republicans and Democrats, Vos said.

Dems said the bill, which would increase the structural deficit by $49 million over the biennium, does little to stimulate hiring and adds to the state's budget woes. Rep. Tamara Grigsby, D-Milwaukee, said average working people can't afford to set money aside for health savings accounts.

Rep. Jen Shilling, D-La Crosse, said Republicans are putting "the cart before the horse."

"If you don't have a job you can not afford HSA payments at the end of the month," Shilling added.

Sen. Bob Jauch, D-Poplar, said HSAs are a "selective tax cut for a certain segment of our society" that will be paid for by reducing spending on programs like health care for the poor and on education.

But Vos said Dems are interested in "defending the government and how government needs more money," while Republicans are "defending the taxpayer."

Vos scoffed at the Dems' argument that HSAs will only benefit the wealthy.

"Everyone in Wisconsin has the ability to benefit from an HSA," he said.

The HSAs will allow business owners to keep more of their own money and spur job growth, Vos said.

"Keeping $49 million in the pockets of the private sector will create jobs," he vowed.


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