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McCain Admitts Health Plan Would Increase Taxes

wonkroom.thinkprogress.org — Today, during an interview with ABC’s George Stephanopoulos, Sen. John McCain (R-AZ), who has previously promised “not [to] raise your taxes nor support a tax increase,” finally admitted that his health care tax credits would not cover the costs of a comprehensive health insurance plan:

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  • Soughtout, on 09/29/2008, -0/+1Think Progress: Actually, my position is that it will be, it will give people actually more money to go out and purchase tax - health insurance on their own and only those with the Cadillac gold-plated health insurance policies today are the ones who might suffer from it.

    Ironically, McCain’s health care plan raises taxes for families whose yearly income just barely covers the cost of a Cadillac. The Wonk Room has a detailed explanation here.
  • peg1, on 09/29/2008, -0/+0
    from article:
    McCain’s tax increase is worse than he lets on:
    Eliminating Tax Exemption Increases Cost Of Plan For Those Who Need It Most
    Tax Credits Don’t Keep Up With Health Costs
    Middle Class Experiences Largest Tax Increase

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