The analysis of http://biz.yahoo.com/cnnm/080904/090408_obama_claim_p1.html?.&.pf=taxes yahoo - biz, says that Obama's claim that McCain will not provide relief for 100 million Americans is somewhat true BUT that the number will go down once his healthcare tax relief is incorporated.
I'd like to add to that. Obama fails to mention that 1) He is incorporating children, and dependents who do not generate any income, 2) that McCain's healthcare tax relief WILL cover many of these people, 3) that a significant percentage of the remainder of these people are very well off (90% and above income) and benefit from the continuation of the Bush tax cuts that Obama would repeal - hence he would raise their taxes but yet uses them to inflate his numbers, AND MOST IMPORTANTLY 4) THAT MANY, THE SIGNIFICANT MAJORITY, OF THESE 100 MILLION DON'T PAY ANY INCOME TAXES AT ALL. HOW CAN YOU GIVE RELIEF TO SOMEONE WHO PAYS NO TAXES - AND THEN HAVE THE AUDACITY TO COMPLAIN ABOUT THEIR TAX BURDEN?! HOW CAN YOU COMPLAIN ABOUT NOT GIVING TAX RELIEF TO AMERICANS WHO YOU PLAN ON TAXING MORE?! Welcome to Obamanomics. If the Dems had just stuck with Clintonomics, or Rubinomics we would ALL be in a better place. Poor bubba.
Also for anyone who doesn't understand the implications of the plan - and because the yahoo biz analysts failed to explain it :/ - McCain wants to get rid of employer based healthcare. Americans don't stay at one job for 45 years anymore. Plus tearing down that system and the state mandated systems would allow competition and the free market to bring down prices, get people the plans they need and can afford, and still allow for some at risk groups to pool together. Now for those who want think this would end up as a tax increase let me explain: Your employer will either stop providing the health care altogether and give you back MORE money/income/salary let you buy your own health care plan and recieve a 2,500 tax credit/refund, or instead the employer will give you the option of continuing the subsidy but you will get that taxed, however you will get a 2,500 dollar tax credit. It's a win win either way unless your employer pays more than 2,500 or 5,000 (Depending on your marital situation). But your employer will have to give you the option of taking their health insurance - so if the subsidies would put you in jeaporady of taking an income loss - just don't take it and buy a cheaper one on the private market.
Employers are paying way too much for health insurance due to the nature of the beast - we need to move to a privatized individual based plan which is what the market is slowly moving too anyway. Think about it. By 2016 more than 50% of employed people will be self employed. Healthcare - employer based - has a lot to do with that. If 50% of the market is going to need to buy individual plans then the market is moving to an individual purchase structure anyway. Your company is going to end up giving you more money and letting you buy your own policy. More insurance brokers are going to enter the market and the competition will drive down the prices. Now unfortunately if health care costs keep rising at the % rates that they do that 2,500 is going to look like pocket change - you know the kind of pocket change you'll be left with if Obama actually takes the office.
I should mention that the at risk group in America might need government help in acquiring health insurance - but for those Americans who put themselves at risk by drinking, smoking, living an unhealthy life style - it would be unethical, and create a moral hazard to bail these people out. If you randomly get pancreatic cancer though, hey - we're all at risk, then the government should make sure that you are eligible for some sort of health care. After all it's not like you did anything to get it. See - the positive externality of healthcare for the people who were victims of random diseases imo out weighs the drain on the tax payer. It's just all about avoiding moral hazards and inflated and socialized programs for everyone.
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