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Abortion, Civil Rights, Healthcare and other Social Issues Abortion, Civil Rights, Homosexuality, Education, Healthcare and other such issues

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Old 01-24-2007
jviehe's Avatar
jviehe jviehe is offline
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The Presidents Healthcare Proposal

I like it. Although I dont think the federal govt should be involved in healthcare at all, this plan at least addresses it by cutting taxes. Basically, if you have health insurance, you get a tax deduction, 15k for families, 7500 for singles. This provides an incentive for people to get insurance. Of course, when congress gets done with it, who knows what monstrosity will come out of it.

Quote:
Health Care

President Bush Will Announce His Proposals To Make Basic, Private Health Insurance Available And Affordable For More Americans. Americans are fortunate to have the most advanced and innovative health care system in the world. The President's plan will make private health insurance more affordable and increase the number of Americans with health insurance. The plan will also help our Nation move away from reliance on government-run health care and toward a system in which Americans have better access to basic, affordable private insurance, and increased ownership of their medical decisions.

The President's Plan Includes Two Parts: Reforming The Tax Code With A Standard Deduction For Health Insurance So All Americans Get The Same Tax Breaks For Health Insurance And Helping States Make Affordable Private Health Insurance Available To Their Citizens.

The President's Plan Will Help More Americans Afford Health Insurance By Reforming The Tax Code With A Standard Deduction For Health Insurance – Like The Standard Deduction For Dependents. The President's primary goal is to make health insurance more affordable, allowing more Americans to purchase coverage. The President's proposal levels the playing field for Americans who purchase health insurance on their own rather than through their employers, providing a substantial tax benefit for all those who now have health insurance purchased on the individual market. It also lowers taxes for all currently uninsured Americans who decide to purchase health insurance – making insurance more affordable and providing a significant incentive to all working Americans to purchase coverage, thereby reducing the number of uninsured Americans.
Under The President's Proposal, Families With Health Insurance Will Not Pay Income Or Payroll Taxes On The First $15,000 In Compensation And Singles Will Not Pay Income Or Payroll Taxes On The First $7,500.
At the same time, health insurance would be considered taxable income. This is a change for those who now have health insurance through their jobs.
The President's proposal will result in lower taxes for about 80 percent of employer-provided policies.
Those with more generous policies (20 percent) will have the option to adjust their compensation to have lower premiums and higher wages to offset the tax change.
The President's Affordable Choices Initiative Will Help States Make Basic Private Health Insurance Available And Will Provide Additional Help To Americans Who Cannot Afford Insurance Or Who Have Persistently High Medical Expenses. For States that provide their citizens with access to basic, affordable private health insurance, the President's Affordable Choices Initiative will direct Federal funding to assist States in helping their poor and hard-to-insure citizensafford private insurance. By allocating current Federal health care funding more effectively, the President's plan accomplishes this goal without creating a new Federal entitlement or new Federal spending.
These Two Policies Will Work Together To Help More Americans Afford Basic Private Coverage. The President's proposed standard deduction for health insurance will help make basic private health insurance more affordable for families and individuals – whether they have insurance through their jobs or purchase insurance on their own. For those who remain unable to afford coverage, the President's Affordable Choices Initiative will help eligible States assist their poor and hard-to-insure citizens in purchasing private health insurance.

There Are Many Other Ways That Congress Can Help. We need to expand Health Savings Accounts, help small businesses through Association Health Plans, reduce costs and medical errors with better information technology, encourage price transparency, and protect good doctors from predatory lawsuits by passing medical liability reform.
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Old 01-24-2007
todd93 todd93 is offline
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Re: The Presidents Healthcare Proposal

Quote:
Originally Posted by jviehe View Post
I like it. Although I dont think the federal govt should be involved in healthcare at all, this plan at least addresses it by cutting taxes. Basically, if you have health insurance, you get a tax deduction, 15k for families, 7500 for singles. This provides an incentive for people to get insurance. Of course, when congress gets done with it, who knows what monstrosity will come out of it.
Excellent post, however, I see this as more of the Government trying to get out of the way so people can live their lives, and incentives, when used properly are always going to be good. Especially this one. The Liberals will chop this into tiny bits, because they don't like incentive programs that promote people not depending on the Government.

I love your signature line. The fair tax, if initiated, would be the cure to all of our tax code failings, and unfortunately it will have a hard time making it. The Liberals would go nuts not being able to punish achievement with tax hikes on the rich. We definitely need more people on board with the fair tax movement. Just my 2 cents!
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Old 01-24-2007
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mpd8488 mpd8488 is offline
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Re: The Presidents Healthcare Proposal

Even if you believe we need socialized health care, this plan should at least be implemented to temporarily relieve a lot of the burden on families. And with this plan what do we have to loose? implementing national health coverage, however, can be disastrous if done the way Congress normally does things.

If this country insists on implementing national health care coverage, fine, but dammit at least ensure that it promotes efficiency and more importantly can be removed years down the line without serious issues. Social programs are often implemented on a whim to please voters, but don't actually solve any problems. Take some time to figure out something intelligent rather than something that will operate inefficiently and just increase the tax burden on the upper class without them seeing any sort of benefit.
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Old 01-24-2007
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Mark_Twain Mark_Twain is offline
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Re: The Presidents Healthcare Proposal

Not a very fair plan for people who have full-coverage through their employer. They're gonna get a tax increase.

My first job out of grad school only paid $25K/year, but it had fully paid medical, dental, vision, life, AD&D, etc. Under this plan, I would have been taxed heavily for having a great employer who paid what probably equaled something near to my actual salary.

I see this as yet another tax on a lot of middle-class people.

And, giving a tax-break to someone who can't afford insurance already doesn't seem like it'll help many people get insurance. For example, many people don't have health insurance because they can't afford the premium. Their salary is already so low that they don't pay many taxes as is. So, in essence, they'll see no tax incentive for getting health-care & will remain uninsured.

This is a not-very-well-thought-out plan. . .it seems like the prez is throwing a bone to the proletariat to make them shut up & eat cake.
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Old 01-25-2007
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jviehe jviehe is offline
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Re: The Presidents Healthcare Proposal

Quote:
Originally Posted by Mark_Twain View Post
Not a very fair plan for people who have full-coverage through their employer. They're gonna get a tax increase.

My first job out of grad school only paid $25K/year, but it had fully paid medical, dental, vision, life, AD&D, etc. Under this plan, I would have been taxed heavily for having a great employer who paid what probably equaled something near to my actual salary.

I see this as yet another tax on a lot of middle-class people.

And, giving a tax-break to someone who can't afford insurance already doesn't seem like it'll help many people get insurance. For example, many people don't have health insurance because they can't afford the premium. Their salary is already so low that they don't pay many taxes as is. So, in essence, they'll see no tax incentive for getting health-care & will remain uninsured.

This is a not-very-well-thought-out plan. . .it seems like the prez is throwing a bone to the proletariat to make them shut up & eat cake.
How is it a tax increase? Everyone with insurance gets a tax break, rich or poor. I dont see tax increases anywhere.

You are someone right in that this doesnt help the 40 million workers who already dont pay taxes. I suppose thats what the second part is for. Unfortunately, 5-10 percent of the country is chronically poor and/or stupid, and still will not get health insurance, even with large incentives. As long as you make the choice theirs, they will choose wrong.
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Elminate all taxes on income and replace with a national sales tax.
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Old 01-25-2007
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jviehe jviehe is offline
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Re: The Presidents Healthcare Proposal

Ok, Ive been reviewing it and figured out where the tax increase it. This wasnt in the original summary I saw. Basically employer provided health insurance will count as income now, so if your work is paying $5000 a year in insurance for you, you now have $5000 more taxable income. But the Presidents plan exempts you from 7500-15000 in income, so you have a net decrease. If you get more than 7500/15000 in insurance, you have a net increase.

BUT, this will encourage you to get private insurance, which means your work has to compete, lowering prices for all. Seems like a win for everybody.
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Elminate all taxes on income and replace with a national sales tax.
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