SAME SEX "MARRIAGE" WOULD BE COSTLY
May 18, 2004
Employers, insurance companies, consumers and the government would foot the bill for the financial benefits that homosexuals would gain if same-sex "marriage" is legalized nationally. Insurance and tax costs would drop for the partners, while spousal benefits would increase, say observers.
- Currently, employees who receive the benefits for domestic partners pay taxes on them. Legalized "marriage" for same-sex couples would eliminate the tax.
- Any higher costs for employers would be passed on to consumers as higher prices for products and services.
- The costs for employers would include more expensive insurance as insurers raise rates to cover the new beneficiaries and protect their bottom lines.
- A General Accounting Office report lists 1,138 federal laws in which marital status conveys benefits, rights or privileges. The benefits include Social Security, disability payments, food stamps, Medicare and welfare.
- Health care and retirement benefits for domestic partners of federal employees would cost the government about $1.4 billion from 2004 to 2013, according to a Congressional Budget Office report.
- The exact cost to the government if same-sex "marriage" benefits were extended nationally has not been tallied, although government officials say it would be high.
Same sex marriage would undoubtedly have a significant impact on the budget through lower revenues and higher spending, according to White House spokesman Trent Duffy.
Source: Tom Ramstack, "Same-sex 'marriage' likely to prove costly," Washington Times, May 18, 2004.
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