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McCain's approach

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The central aspect of McCain's approach is to eliminate the existing tax preference for employer-sponsored health care. Under the current system, employees don't pay tax on the value of the health insura perfect world gold nce they receive from employers, even though most individuals ***ing insurance on their own don't get that break and have to purchase insurance with af Cheap Perfectworld gold ter-tax dollars.

The existing arrangement is an irrational artifact of World War II wage controls, when companies Buy Perfect World Gold  competing for scarce workers dangled health insurance to lure them. The result is a tax subsidy that has ballooned to $200 billion a year. No one designing a health-care system from scrat Buy Perfect World Gold ch would set things up this way.

Ty *** perfect world cubi gold ing insurance to employment makes little sense in a world where workers hop from job to job. Excluding the value of insurance from taxable income leads to overconsumption of health care, driving up costs. It favors better-off employees who, because  cheap Perfect World Gold they pay higher marginal rates, derive a greater benefit from not being taxed on their health insurance.

1:49 AM - 10/7/2008


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