Sunday, September 28, 2008

Think Progress: McCain Admits Health Plan Would Increase Taxes

Middle Class Experiences Largest Tax Increase: For a couple earning $40,000 and paying $13,800 for insurance, “McCain’s new tax credit would cut their taxes by $50 in 2009, but because the credit quickly falls behind rising premiums that are the basis of the current tax break, the family would pay $1,169 more in taxes in 2013…[and] would pay $2,809 more in taxes by 2018.”

McCain has repeated that he will not raise taxes. McCain's interview with ABC's George Stephanopoulos seems to prove otherwise.

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