When?

When is the media going to mention that McCain plans on taxing medical coverage for those who get it from their employer or retirement?

Raise my taxes! Yes, not Obama --- McBush!

I misspoke. McCain will give a $2,500 credit for single and $5,000 credit for family.

The WSJ is not exactly an unbiased source.

Mr. McCain's overall tax policy will also expand health-insurance
coverage, and make health care more efficient. Most taxpayers will
also pay less in tax. Here's how it will work. His plan includes a
refundable tax credit of $2,500 for single individuals and $5,000 for
couples, if they receive a qualifying health-care policy from an
employer (one that includes adequate coverage against large medical
bills), or buy a qualifying policy on their own. The credit will
replace the current tax rule, which excludes employer payments for
health insurance from employees' taxable incomes.

This tax credit will be available to everyone, including the self-
employed and the employees of businesses that do not provide health
insurance. Thus it will lead to a major expansion of health-insurance
coverage. The tax credit will of course be available to people who
are between jobs, or have retired before they're eligible for
Medicare.

Since any part of the credit not used to pay for insurance could be
invested in a health savings account, individuals will have an
incentive to choose less costly health-insurance policies. This will
improve the efficiency of health care, to everyone's benefit.

What happened in MA was the multiplication of useless cheap "policies" that didn't cover anything. The McCain position does nothing to address the critical issues of failure to cover necessary procedures if they happen to be expensive, defining every serious illness as a pre-existing condition and not covered, and refusing to accept anyone who is unhealthy. Do you really think people with chronic conditions or sick children will get coverage from private insurers at all, no less for $2.5K/head?

Hey, if you like his platform so much akangel2008, and you choose to believe against centrist non-partisan economic analysts like the Brookings Institute that the middle class will be better off w/ his policies which continue Bush's cuts for college assistance, etc., you are on the wrong board. Everyone here knows that exhorbitant, crooked no-bid contracts follow Republicans like ducklings after their ma, and lead to enormous borrowing and raised taxes, no matter how many times they repeat their lies.

{akangel2008 has been here for about a week and has no profile or journal}

To pay for the tax credit, McCain would eliminate the tax exemption for people whose employers pay a portion of their coverage, raising an estimated $3.6 trillion in revenues, Holtz-Eakin said. Companies that provide coverage to workers still would get tax breaks.

http://www.johnmccain.com/Informing/News/NewsReleases/Read.aspx?guid=f8319887-1528-40aa-971a-402f7d1adb9e

He touts it as a way to raise trillions in revenues. Either the Wall St. Journal is lying, or... they're lying.

Is that about right?

So I'd have to pay tax on $2000 of it and climbing.

They know its just some stupid plan put on the web site to say McCain has a plan. Absolutely, in no uncertain terms would a Democratically controlled congress pass such a bad healthcare bill. McCain and camp are not stupid. They know that congress is going to be Democratically controlled, so, they can, no matter what, call congress a stall, and try to tip the scales back in a couple of years when more people lose their jobs, homes, healthcare, and sanity.. and decide to put Pukes back in charge. It is fundamentally important to have Obama in the White House to pass the bills congress puts up there.. that WILL help people and WILL help with security, economy, education, and healthcare. John McCain will NOT pass LIBERAL bills. Congress will be evicerated.

At the end of the day, Congress makes the law.. The President signs... Yes, the President can use the bully pulpit to direct the language and course of action, but normally, (and no one told Bush) its congress that normally does the work of passing laws.

Biden explain it during his speech in PA the other day.

If it was presented that clearly to the masses, I'm guessing they'd sit up and take notice.

We need to EXPLAIN these things to make sure we all understand.

Which I further hope to be soon indeed!

... but it is a tax to me.

It's the repug shell game again.

Locally they cut my "taxes" and upped the sales tax.

I hate these people.