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Friday, September 05, 2008

Luverly...

Sorry... I don't mean to get all political these days, but health insurance and taxes alone are serious issues to me and my family...

McCain's Plans Considers Health Insurance Taxable Income?

Sen. McCain's tax plan includes a new proposal that would result in higher taxes on the middle class. As even Sen. McCain's advisers have acknowledged, his health-care plan would impose a $3.6 trillion tax increase over 10 years on workers. Sen. McCain's plan will count the health care you get from your employer as if it were taxable cash income.

Even after accounting for Sen. McCain's proposed health-care tax credits, this plan would eventually leave tens of millions of middle-class families paying higher taxes. In addition, as the Congressional Budget Office has shown, this kind of plan would push people into higher tax brackets and increase the taxes people pay as their compensation rises, raising marginal tax rates by even more than if we let the entire Bush tax-cut plan expire tomorrow.

Wall Street Journal Article

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