Sunday, October 5, 2008

Health Care vs Obama & McCain

McCain wants to level the playing field between employees and the self employed. Right now employees get health insurance thru their company and it's tax free. The self employed have to buy their own health insurance with their after tax dollars. McCain wants to even this out. Everyone gets a $5K tax credit (subtract $5k from your income tax bill), and the employees pay income tax on their health insurance benefit , just like they do for their salary. So both the employed and the self employed get the SAME tax treatment for health insurance.
Obama has been attacking McCain's proposal saying it would cause employers to drop health coverage. I fail to see the logic of this argument.
Speaking as one who has worked as an independant contractor and as an employee of big corporations, McCain has a fair plan. It's unfair to give corporate employee's favorable tax treatement and deny it to the self employed.

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