Advisers: Bush plan would cost taxpayers

[deadparrot]

WASHINGTON - President Bush's health insurance proposals would cost taxpayers $526 billion through 2017, according to a preliminary estimate from Congress' Joint Committee on Taxation.

One Democratic lawmaker jumped on the figure Tuesday to describe the proposal as a tax increase. The projection, which comes from the committee's nonpartisan staff, is stunningly different from the administration's estimates as well as those from other independent analysts.

The White House says the changes the president seeks in the tax code are revenue-neutral over 10 years, meaning the changes would have little impact on the deficit during that time frame.

Bush's plan would do two things: For the first time, the cost of an insurance policy would be treated as taxable income. The cost includes both the employer's and the employee's payments. The result is that workers' taxable wages would shoot up dramatically.

http://news.yahoo.com/s/ap/20070228/ap_on_go_pr_wh/bush_health_insurance

[madrchsod]

1. good way to destroy the republican party is to

treat insurance as taxable income. when will the democrats just start ignoring him?

[LiberalFighter]

2. How will they make sure the rich don't have to pay on their insurance?

[sam sarrha]

3. why does anyone making less than $500,000 yr listen to him anymore.. he's got the fecal touch

[rodeodance]

4. Fuzzy BuchCo math AGAIN????????

[rodeodance]

5. 4.2 stars

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[Rex]

6. Sure they are! Why not!

If no one will stop corporate pirates, then we can expect them to get around to taxing breathable air. Crime just goes on and on with the BFEE. Fire a few AGs, go about attacking Iran, destroy the economy Bill Clinton made. All while claiming Reagan was a political genius. :crazy: