Comments on: McCain’s Health Care Plan: Warren Buffet To Get The Same Credit As You http://wonkroom.thinkprogress.org/2008/07/30/warren-buffet-tax-credit/ Thu, 26 Nov 2009 16:42:01 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: duke http://wonkroom.thinkprogress.org/2008/07/30/warren-buffet-tax-credit/comment-page-1/#comment-1778 duke Wed, 30 Jul 2008 19:57:11 +0000 http://thinkprogress.org/wonkroom/2008/07/30/warren-buffet-tax-credit/#comment-1778 but by making employer paid health insurance premiums subject to income tax he IS raising taxes to the tune of $6-$9,000 additional earned income ($14,000 premium minus $5,000 tax credit)depending on the employers contribution towards the employee's health care cost. but by making employer paid health insurance premiums subject to income tax he IS raising taxes to the tune of $6-$9,000 additional earned income ($14,000 premium minus $5,000 tax credit)depending on the employers contribution towards the employee’s health care cost.

]]> By: JMOHR http://wonkroom.thinkprogress.org/2008/07/30/warren-buffet-tax-credit/comment-page-1/#comment-1776 JMOHR Wed, 30 Jul 2008 18:32:03 +0000 http://thinkprogress.org/wonkroom/2008/07/30/warren-buffet-tax-credit/#comment-1776 Yes, but how else do we cull out those from the heard who are too weak or to poor to deserve the right to live? Yes, but how else do we cull out those from the heard who are too weak or to poor to deserve the right to live?

]]> By: stateofthedivision http://wonkroom.thinkprogress.org/2008/07/30/warren-buffet-tax-credit/comment-page-1/#comment-1768 stateofthedivision Wed, 30 Jul 2008 17:06:07 +0000 http://thinkprogress.org/wonkroom/2008/07/30/warren-buffet-tax-credit/#comment-1768 The competition to be associated with Warren Buffet has begun! The competition to be associated with Warren Buffet has begun!

]]> By: RealMom http://wonkroom.thinkprogress.org/2008/07/30/warren-buffet-tax-credit/comment-page-1/#comment-1766 RealMom Wed, 30 Jul 2008 16:57:28 +0000 http://thinkprogress.org/wonkroom/2008/07/30/warren-buffet-tax-credit/#comment-1766 Tax credits don't help the people who can't afford insurance in the first place. You have to pay for the insurance first before you can deduct the tax at the end of the year. DOESN'T HELP! Tax credits don’t help the people who can’t afford insurance in the first place. You have to pay for the insurance first before you can deduct the tax at the end of the year. DOESN’T HELP!

]]> By: stateofthedivision http://wonkroom.thinkprogress.org/2008/07/30/warren-buffet-tax-credit/comment-page-1/#comment-1764 stateofthedivision Wed, 30 Jul 2008 16:56:25 +0000 http://thinkprogress.org/wonkroom/2008/07/30/warren-buffet-tax-credit/#comment-1764 A tax credit isn't insurance coverage. The problem is people not paying into the system. Some 30-40 million people don't participate in financing healthcare in any meaningful way. As the piece pointed out, tax credits don't remove nonfinancial barriers to insurance coverage. It encourages our incomplete, highly segmented, massively profitable insurance market. Texas has a law requiring drivers to have liability coverage. Twenty percent don't comply, many cannot afford it. I expect something similar with the patchwork plans being offered. While McCain's is worse. most facilitate the dumping of health insurance costs onto the American worker. A tax credit isn’t insurance coverage. The problem is people not paying into the system. Some 30-40 million people don’t participate in financing healthcare in any meaningful way.

As the piece pointed out, tax credits don’t remove nonfinancial barriers to insurance coverage. It encourages our incomplete, highly segmented, massively profitable insurance market.

Texas has a law requiring drivers to have liability coverage. Twenty percent don’t comply, many cannot afford it. I expect something similar with the patchwork plans being offered. While McCain’s is worse. most facilitate the dumping of health insurance costs onto the American worker.

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