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Beginning with 10% of blue-collar workers in 1885, mandatory insurance has expanded; in 2009, insurance was made mandatory on all citizens, with private health insurance for the self-employed or above an income threshold.
Gas taxes were raised 4.3 cents per gallon. The taxable portion of Social Security benefits were also increased. Clinton signed the Small Business Job Protection Act of 1996, which reduced taxes for many small business. Furthermore, he signed legislation that increased the tax deduction for self-employed business owners from 30% to 80% by 1997.
Additionally, the CBO estimated that although projected premiums in 2016 would be lower by $100 per person for small and large business health insurance plans with the ACA than without, individual plans would be higher by $1,900 with the bill. [326] The first open enrollment period of the ACA began in October 2013.
Real GDP per capita (measured in 2009 dollars) was $52,444 in 2017 and has been growing each year since 2010. It grew 3.0% per year on average in the 1960s, 2.1% in the 1970s, 2.4% in the 1980s, 2.2% in the 1990s, 0.7% in the 2000s, and 0.9% from 2010 to 2017. [142]
In January 2017, in his state budget proposal for fiscal year 2018, Baker proposed a $2,000-per-employee assessment on businesses that do not offer health insurance to counter spending growth in MassHealth, [307] which was opposed by the state business community and supported by health care unions.
Yet the great 21st-century wage slowdown continues, with pay raises for most workers still meager. In other positive news, the deficit has fallen sharply, thanks to a combination of slower health-cost growth and budget cuts (the latter championed by Republicans). Many more people have health insurance, thanks to Mr. Obama's health law.
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