Tax Loophole for Boeing Ending in 2013 - Healthcare realities

The news earlier today sounded as if the healthcare reform was going to cause Boeing and other corporations to spend millions more.

What is really going on is that a tax loophole is being closed in three years and they will be paying taxes just like the rest of us.

clipped from www.bizjournals.com The Chicago-based aerospace giant (NYSE: BA), which employs more than 70,000 in Washington state, said the income tax charge was necessary because in 2013, the company will no longer be able to claim an income tax deduction related to prescription drug benefits provided to retirees and reimbursed under Medicare.