Candidate Obama:
Democratic presidential candidate Barack Obama hammered John McCain on the issue of taxes today, while speaking in Dover, NH. Obama specifically pointed out that McCain’s healthcare plan would tax workers’ health insurance benefits. “And I can make a firm pledge: under my plan, no family making less than $250,000 will see their taxes increase – not your income taxes, not your payroll taxes, not your capital gains taxes, not any of your taxes. My opponent can’t make that pledge, and here’s why: for the first time in American history, he wants to tax your health benefits Apparently, Senator McCain doesn’t think it’s enough that your health premiums have doubled, he thinks you should have to pay taxes on them too. That’s a $3.6 trillion tax increase on middle class families. That will eventually leave tens of millions of you paying higher taxes. That’s his idea of change,” Obama said.
President Hope N. Change:
The Obama administration is signaling to Congress that the president could support taxing some employee health benefits, as several influential lawmakers and many economists favor, to help pay for overhauling the health care system.
Of course, the Obama proposal to tax health benefits omits the nifty little $5,000 tax credit that the McCain plan included which would end up as a net tax cut for most individuals.
As Jim Geraghty would say, "All Obama campaign promises come with an expiration date -- all of them!"
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