Tuesday, January 23, 2007

Millions could see taxes up in Bush health plan - Yahoo! News

Millions could see taxes up in Bush health plan - Yahoo! News

This makes no sense to me. I guess I don't understand but how is this going to help me or people who don't have insurance? If you don't have the money then getting a "tax break" sure won't help you. Gotta have the money first, no?
Bush is proposing to make health insurance premiums taxable income, with people who get employer-provided plans that cost more than $15,000 a year facing a tax hike if they do not get cheaper insurance, the White House said. Average family coverage offered by employers costs about $11,500 annually.
The president is proposing tax deductions -- $15,000 for a family and $7,500 for an individual whether or not they purchase their own health coverage or get it from their job -- to help buy insurance.
The plan also envisions funneling federal money to states that seek to arrange for uninsured residents to get coverage. But a White House statement said this would involve no new federal spending or entitlements, instead "allocating current federal health care funding more effectively."
"The President's so-called health care proposal won't help the uninsured, most of whom have limited incomes and are already in low tax brackets," said California Democratic Rep. Pete Stark, Chairman of the Ways and Means Health Subcommittee.
"But it will hurt middle-income Americans, whose employers will shift even more cost and risk to their employees," he added.

1 comment:

Anonymous said...

well, this is just idiotic!