Free Dating Site    

His choice of running mate will be very telling......

taking all the guns away like we did at katrina in the face of the next disaster violating the second, continued free speech zones violating the 1st.

(CNN) -- A tax credit to help individuals and families buy health insurance is at the heart of a health care proposal Sen. John McCain unveiled Tuesday.

The credits will spark greater competition among insurance providers and put "individuals and families back in charge," the presumptive Republican presidential nominee said during a speech in Tampa, Florida.

"Millions of Americans would be making their own health care choices again," McCain said. "Insurance companies could no longer take your business for granted, offering narrow plans with escalating costs."

Under McCain's heath care plan, individuals would be eligible for a $2,500 credit and families a $5,000 credit to help pay for health insurance if they do not subscribe to, or do not have access to, employer-provided health care coverage. The government would send the money directly to insurers.

McCain's plan would cost $3.6 trillion over 10 years, the campaign said. McCain would pay for the program by eliminating the tax break employers get for offering insurance.

http://www.cnn.com/2008/POLITICS/04/29/
mccain.healthcare/index.html#cnnSTCText

Q: As president, will you veto any tax increase passed by a Democratic Congress?

A: Yes. I think the worst thing we can do right now--we've got some shaky economic times--is to increase people's taxes. And I think that what we need is more tax cuts. We need to make Bush tax cuts permanent. We need to get rid of the AMT. We need to cut corporate taxes. We need to give people reasons to write off and depreciation their business investments and equipment investments.

Source: Fox News Sunday: 2008 "Choosing the President" interviews Feb 3, 2008

Voted YES on raising the Death Tax exemption to $5M from $1M.
CONGRESSIONAL SUMMARY:To protect small businesses, family ranches and farms from the Death Tax by providing a $5 million exemption, a low rate for smaller estates and a maximum rate no higher than 35%.

SUPPORTER'S ARGUMENT FOR VOTING YES:Sen. KYL: This amendment is a reprise of what we did last year in offering to reform the estate tax, sometimes referred to as the death tax. Now, in the budget itself, there is a provision to allow the death tax to be changed from the current law to a top rate of 45% and an exempted amount of $3.5 million, and there are some other features. My amendment would reduce that top rate to no higher than 35% so that if you had more than one rate, at least the top rate could not exceed 35%, and both of the two spouses would have a $5 million exempted amount before the estate tax would kick in. Now, the reason for my amendment is: current law [is] getting up to a high rate of 55% and an exempted amount of either $2 million or $1 million, probably $1 million--a continued unfair burden on primarily America's small businesses and farms.

OPPONENT'S ARGUMENT FOR VOTING NO:Sen. CONRAD: This amendment would virtually eliminate the estate tax. Let me say why. Let me first say there is no death tax in the country. Of course, if you poll people and you ask them: Do you want to eliminate the death tax? they will say sure. But you are not going to pay any tax when you die unless you have $2 million. There is no death tax in America. There is a tax on estates. At today's level of $2 million, that affects only 0.5% of estates. When the exemption reaches $3.5 million in 2009, 0.2% of estates will be taxed. If the amendment is agreed to, we would be borrowing money in the name of 99.8% of the American people, borrowing primarily from China & Japan, to give it to the Warren Buffets, the Paris Hiltons, & others of enormous wealth in this country.

LEGISLATIVE OUTCOME:Amendment rejected, 50-50

Reality: Repealing the estate tax would add trillions of dollars to future deficits.

Permanent repeal of the estate tax would cost more than $1 trillion over the first ten years in which its cost would be fully felt, 2012-2021. This cost includes $859 billion in lost revenue and $251 billion in increased interest payments on the national debt.

(The official ten-year cost estimate is much lower: $499 billion. But that estimate is misleading because it covers an earlier ten-year period, 2008-2017, that captures the full cost of only six years of extending repeal.)
(http://www.cbpp.org/6-5-06tax.htm)

McCain's plan would cost $3.6 trillion over 10 years, the campaign said. McCain would pay for the program by eliminating the tax break employers get for offering insurance.

Permanent repeal of the estate tax would cost more than $1 trillion over the first ten years