Bush’s Proposed Health Accounts Would Be “The Mother of All Tax Shelters”

[kerrygoddess]

Bush’s Proposed Health Accounts Would Be “The Mother of All Tax Shelters”
February 23rd, 2006 @ 11:39 pm

Incase anyone was wondering what Bush’s goal is with his Health Savings Account Plan, here’s some insight via Bloomberg…

President George W. Bush’s proposal to expand health savings accounts, intended to help contain spiraling medical costs, may prove a tax-free boon for the nation’s rich.

Both supporters and opponents of the proposal said the enhanced HSAs offer unprecedented tax advantages and may become more attractive than 401(k)s or Individual Retirement Accounts as a way for the richest and healthiest Americans to build savings.

The proposal would create “the mother of all tax shelters,'’ said Paul Caron, a professor at the University of Cincinnati College of Law.

Here’s the caveat for the high income folks that Bush loves to favor… No Income Limits…

MORE - http://blog.thedemocraticdaily.com/?p=2047

[Singular73]

1. Nah

Its just another step towards getting all business to drop employees from healthcare plans...

[RC]

2. Our Health Care Costs should be Nationalized.

We had the money till cheney/Halliburton sent it to he Middle East for his Blood For Oil program.