McCAIN WILL RAISE YOUR TAXES by $7000 a year!!

Why doesn't Obama's team shout this to hills?

McCAIN does propose a tax hike he just calls it different things

If you believe as I do that the GOV should cover healthcare for all, then you will understand that McCains healthcare is a major tax increase

He would give families a "$5000, tax credit to go towards Healthcare" Healthcare for an AVG Family
is 12,000 a year, your cost would be $7,000. THAT's A MAJOR TAX INCREASE
What AVG American Family in this current economic situation can afford a $7000 tax increase?
THAT CAN'T be DEDUCTED???

and that's just one of his plans.
For proof

Michael Moore on Larry King
http://www.youtube.com/watch?v=M-9khLM3vgw part 1

Sorry if this fact has been posted before but it's worth repeating, just in case people in charge of sending out Obama's talking points read DU!

It is the most obvious attack on his positions that there could possibly be.

McVoter

His goal is to eliminate health care benefits, and drive everyone to privately funded insurance.

And this is straight talk directly from his web site:
http://www.johnmccain.com/Informing/News/NewsReleases/Read.aspx?guid=f8319887-1528-40aa-971a-402f7d1adb9e

excerpt:
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. McCain would also cut costs by limiting health care lawsuits.

More on McCain's health care plan:
http://www.usatoday.com/news/politics/election2008/2008-04-28-McCain_N.htm

http://www.johnmccain.com/Informing/Issues/19ba2f1c-c03f-4ac2-8cd5-5cf2edb527cf.htm

And I am not sure Obama's plans has those protections in place either at this point.

Health insurance and healthcare
should not be for profit,
If I can't make money selling my kidneys, why is a hospital, allowed to profit from that, but I can't?

thanks for the info
:hi:

I hope I don't come off as throwing anger your way, I am a really fun person ask my servants they love me

:hi:

It must be said loud and often!

i dont have faith with that email on his site (swamped i am sure)

He would raise your taxes and general cost of living in a lot of ways, but the loss of the healthcare tax exemption would mean your taxable income would go up $7000, not your taxes. If the $7000 pushed you up into a higher bracket, that could mean much higher taxes, but even if it didn't, if you include both Soc. Sec. and income tax, the family's taxes might go up ~$1400.

The Obama campaign has frequently talked about the loss of the employer paid insurance tax exemption. That's how I heard about it.

The worst thing about McCain's economic plan is that he plans to continue to use the failed Republican trickle down scheme to deal with massive jobs loss. It's never worked, so employment will continue to fall under McCain, and we would go from being in trouble to being in a true economic depression. Just thinking about this keeps me working for the Dems.

to pay for my healthcare, it is a form of tax.

If you look at Europe their "taxes" are high but look what they get
Health care
Education
the usual roads and bridges and such


the fact that we have to pay for education, and health care out of our own Pockets is a a form of a tax
We have just been taught not to see it that way.

I would have to comb through the millions of Michael Moore appearances on Larry King
but one day he very eloquently explained how we are taxed more than Europe because we pay for things most Civilized Progressive Countries Garantee for their citizens.



:hi:
thanks for posting

being the equivalent of a tax reduction or rebate. But since we didn't have gov.-paid health insurance or health care before now, you can't really call it a tax "increase" if we still don't get it in the future. Also Obama's much better plan, which includes oversight on how insurance policies would have to behave and what they would have to cover, and offers a sort of sliding scale subsidy, would still not pay for coverage for most middle class families.

McCain's "plan" (if you could call it that) leaves things pretty much the same as they are now, including keeping the tax exemption for businesses who cover their employees, with the exception of calling those benefits taxable after his $5K deduction. You wouldn't have to suddenly pay for the benefit, but part of it would be considered earnings.

If the average cost is 12,000/yr, then currently:

A 12k deduction in taxable income yields about $3600 savings in tax.

Under McCain's plan, you don't get to deduct, but you pay $5000 less in tax due to the credit.

I see this as $1400 less in taxes one pays.

Unfortunately, I pay about 20k/yr for coverage, so I'll be paying more because a 20k deduction results in less taxes (6k less in taxes) than a 5k tax break would.

If what I've read is right, you only get the tax credit if you pay for medical expenses, including insurance premiums, out of your own pocket. If your employer pays, those premiums become taxable income. That tax increase for employees is how he says he will pay for the credit for people not covered by employer-paid plans. So people whose employers are paying for their insurance are screwed out of the amount they are taxed for the newly reclassified "income". That includes teachers and other civil servants who chose those jobs because the non-taxable benefits made up for the otherwise low salaries.

And his "plan" (unlike Obama's) does nothing to regulate the health insurance industry regarding either what they charge or what they decide to cover.

it refers to the candidates' tax plans as a whole, not just the healthcare part. Could you please post the WaPo link? I'd love to send this to a few people.

http://www.washingtonpost.com/wp-dyn/content/story/2008/06/09/ST2008060900950.html

:hi: