The Shifting Tax Implications of McCain's Health Plan

Some details on the McCain health care plan:

John McCain’s health care plan has been variously described as a huge tax cut, as having no net impact on tax collections, and, for some, as a tax increase. Part of the confusion stems from an important but somewhat obscure tax provision of his plan.

McCain’s chief policy adviser, Douglas Holtz-Eakin, said Sunday that the health plan would cut taxes for most Americans and that the campaign would offset the lost revenue with unspecified reductions in Medicare and other programs. An independent analysis found that tax cuts would cost a total of $1.3 trillion over 10 years — which is a lot of spending to cut. The campaign neither confirms nor disputes that estimate.

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The Shifting Tax Implications of McCain’s Health Plan

Laura Meckler reports from Washington on the presidential race.

http://blogs.wsj.com/washwire/2008/09/28/the-shifting-tax-implications-of-mccains-health-plan/