Democratic primary voters now have a clear choice: subsidized taxes to provide health care for all Americans versus lower taxes on the middle class. Barack Obama's promise this week to deliver up to $85 billion in annual tax relief for middle-class Americans is the type of plan that has the potential to stop the so-called Unstoppable Hillary.
The guts of Sen. Obama's plan is to offer a $1,000 annual tax credit for middle-class American families with two earners. This, he says, would cut taxes for 150 million Americans or roughly half the population.
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As to HillaryCare, part of her grand plan to give all Americans access to health care includes an expansion of federal regulations on health insurers and mandates on large companies to provide insurance coverage or pay higher taxes. Conservatives believe these regulations will raise the cost of private insurance higher and that, in turn, would harm Americans who are personally responsible enough to provide coverage for themselves and their families.
Clinton's plan also, according to Michael Cannon of the Cato Institute, increases dependency on already overburdened federal programs, including Medicare, the SCHIP program for poor children and the Federal Employees Health Benefits Plan. All this means higher taxes for - guess who? - you and me. And what other commentators won't tell you but I will, is that the more we boost government benefits, the more we lure illegal immigrants into the United States. Think about it: free health care in addition to free public school for kids. Why wouldn't the numbers increase?
So as between the two, I think Obama is headed in the better direction. But he needs to revamp and expand his tax-cut plan.
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