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4. “Some insurers are more equal than others” tax exemption. The WSJ reports that nonprofit insurance companies will be exempt from a new, nearly $7 billion tax to pay for Demcare. Democrat Sens. Ben “Blank Check” Nelson and Carl Levin of Michigan pushed hard for the tax exemption, which will exempt insurers in their states.
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What the heck are "nonprofit insurance companies"? Charities? If they don't make a profit, how would you tax them, anyhow?
