More Health Care Questions
Exactly how do candidates like Senator Clinton plan on paying for their health care plans? The usual nonsense is to repeal some of the Bush tax cuts.
To help pay for the plan, Clinton would also eliminate the Bush tax cuts for those making over $250,000 and limit the amount employers can exclude from taxes for health care benefits paid for those making over $250,000.
Great, but the Bush tax cuts are going to be expiring soon. When you surf on over to the Congressional Budget Office and look at the various reports such as the Budget and Economic Outlook Update it notes that the Economic Growth and Tax Relief Reconciliation Act of 2001 will expire on January 1 of 2011. So where is all of this money going to come from?
In fact, current CBO publications take the expiration of the Bush tax cuts into consideration and that is one reason why the budget goes from deficits to surpluses in the not too distant future. If Senator Clinton is going to be spending a portion of that money on health care, what about all this nonsense about the budget deficit we’ve heard all these years?