McCain Would Tax Health Care Benefits

Earlier this week, I wrote about the differences between the tax plans proposed by Obama and McCain and the comparative benefit of Obama's plan for working class and middle class people. When I wrote that, there was something I didn't know about John McCain and taxes — something that puts the two candidates in even starker contrast.

Despite having claimed publicly and repeatedly that he would not raise any taxes, McCain's tax plan would in fact do exactly that. (Some people have a word for that. It starts with an L.) If John McCain becomes president, he will tax your employer-provided health care benefits. That means if you're a teacher like me, with absolutely no change to your actual income, McCain's plan would in effect treat you as though you'd just received a huge raise of thousands of dollars.

His so-called offset for this proposal would be to provide a tax credit of $2,500 per person, or $5,000 per family. Never mind the fact that the average employer-provided health care costs employers roughly $8,000 dollars a year. McCain is more than happy to treat you as though you've just received a $3,000 raise.

Why are middle-class people and fiscal conservatives voting for this man?