A Flaw In The Plan

McCain’s health care proposals could result in a dramatic increase in taxes for many Americans:

Sen. John McCain's, R-Ariz., health-care plan would replace the existing tax exclusion for employer-sponsored coverage with a refundable tax credit for all Americans. The tax change is intended to create a more equitable system that provides everyone -- including those who do not receive their health coverage from their employer -- with the same tax advantage. And since it is refundable, it would provide a cash benefit to those who earn too little to pay federal income taxes.

But if the cost of health care continues to outpace inflation in the economy at large, McCain's health credit would morph into a tax hike for those who currently receive a tax exclusion for employer-sponsored coverage, according to a study released Wednesday by the liberal Center for American Progress.

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"But if the cost of health care continues to outpace inflation in the economy at large..."

and that it will. does anyone really see health care plans/costs leveling or dropping? every year since i remember, my employer health care plan cost has dramatically increased. i'd suppose most folks with employer health care are not getting a raise next year nor the following, but instead, will opt for employers to give more (in lieu of a raise) to fund their employer health plans. mcsame is all about saving the wealthy and corporations their unfair tax breaks anyway.

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america1st on July 6, 2008 at 05:04 PM

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