The Truth about the McCain-Palin Health Care Plan

Barack Obama And Joe Biden Have Consistently Lied To Americans About John McCain's Plan. Their claims have failed every fact-check - from CBS to the Washington Post. John McCain is not going to raise taxes on middle class families. Barack Obama and Joe Biden are the only ones in this race that plan to raise taxes.

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OBAMA FICTION
John McCain Will Tax Health Care Benefits For The First Time And Will Be the Largest Middle Class Tax Increase In History.

THE FACTS
This Obama charge is a blatant mischaracterization of the McCain Health Plan. It only focuses on the fact that the value of the employer provided insurance will now show up as additional income for the employees – what he fails to mention – is that John McCain’s generous refundable tax credit ($5,000 for families and $2,500 for individuals) will not only shield millions of families from a tax increase but will actually give them MORE dollars to invest in their health care needs.

The McCain Plan DOES NOT tax:

--Premiums paid by families and individuals

--Employers for providing health care coverage

--Medical expenses like the cost of a procedure or medication

--Insurance claims

Approach Supported By Obama’s Own Advisor: This is an approach supported by Barack Obama's own Senior Economic Advisor Jason Furman who wrote that "we could scrap the current deduction altogether and replace it with progressive tax credits that, together with other changes, would ensure that every American has affordable health insurance."

Better Than "Members of Congress": Under the McCain Plan, your employer can provide you with health insurance as good as a "Member of Congress" (approximately $12,000), and you would pay no more in taxes – regardless of your tax bracket. In fact, you would have additional money left over from the McCain tax credit to put in a health savings account.

Where Is The Middle-Class "Tax Increase"? If you or your family is in the 28% bracket, with an income of $180,000, you could receive employer provided health insurance even better than a Member of Congress, with a cost of almost $18,000, with no increase in taxes. Even the liberal leaning Tax Policy Center, agrees that the McCain proposals will result in a "net tax benefit" of more than $1,200 for an average tax payer. A recent Lewin Group study estimated savings of more than $1,400 per American family – almost three times the savings as under the Obama plan.

OBAMA FICTION
John McCain Will Tax Health Care Benefits For The First Time And Send The Money Straight To The Insurance Companies.

THE FACTS
Another desperate attack by the Obama campaign. Here is what they purposefully fail to mention – the credit goes to the insurance company that the American family chooses to get coverage from, anywhere in the nation. The power of choice lies with the family – not government bureaucrats or insurance companies.

--Putting Families In Charge: Under the McCain Plan American families will not only decide where the tax credit should be directed for their coverage needs but any additional money left over after purchasing coverage will be controlled by the family in a portable health savings account. Ridiculing this line of strange attack, The Associated Press stated, "Of course it would, because it's meant to pay for insurance. That's like saying money for a car loan will go straight to the car dealer."

--Obama Criticizing His Own Approach: Most importantly, Senator Obama is criticizing an approach that is used by his own HOPE credits – where tax payer money simply goes from the federal government to colleges.

It's time for Obama to stop lying about John McCain's health care plan.

Talk about negative campaigning!