What voices were whispering in George Bush’s head when he drafted the “health proposal” to be unveiled tonight.
His plan would give families $15,000 tax deduction for having health insurance ($7,500 for a single person) – BUT health insurance through your employer would be considered “taxable income.”
This design would essentially encourage people to pull apart from a buying pool, and take on the risk all by themselves by buying insurance on their own (to take advantage of the tax credit, rather than being taxes. This is exactly the wrong direction we should be going if we really want to hold down costs. We can save money by pooling together, not pulling apart.
And does he really think a family of three making $42,000 a year (in among the lowest tax brackets) needs a tax break for health insurance as they still struggle to pay for basic necessities.