McCain Claims his Tax Increases will Hurt Economy
But here's the rub. Just like President Bush, McCain has proposed raising taxes as part of his health care proposal. The only thing is, he doesn't call it a tax increase.
It's not just a tax increase. The Senator from Arizona has proposed a whole new tax. In McCain's plan, employer-provided health insurance will be taxed as income. He has also proposed a tax credit to offset the cost of health insurance. But if an employer provides a really good plan, that tax credit may not be enough to offset the new tax.
Even McCain has admitted that some some people will see increased taxes because of his plan. But, he denies that this qualifies as a tax increase, since there are compensating tax reductions.
Consider, though, that Senator Obama's "tax increases" that "will hurt the economy" also decrease the tax burden on a large majority and increase on a small number. And, both plans claim that the tax increases are offset by the tax cuts.
So, Senator McCain, you have to tell us. Are you going to admit that you are proposing a tax increase just like Obama? Or are you going to give Obama a pass, because in reality he is proposing nothing different than you are?
Or are you going to continue these silly word games?