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Does John McCain read Delaware Libertarian?

Probably not, since I said I'd never vote for him based on his refusal to reject preemptive war.

On the other hand, McCain's new health care initiative features a tax credit idea he must have stolen from me:

While still having the option of employer-based coverage, every family will also have the option of receiving a direct refundable tax credit - effectively cash - of $2,500 for individuals and $5,000 for families to offset the cost of insurance. Families will be able to choose the insurance provider that suits them best and the money would be sent directly to the insurance provider. Those obtaining innovative insurance that costs less than the credit can deposit the remainder in expanded Health Savings Accounts.


Here's part of what I proposed back on January 6 (too bad he didn't read all of it):

1. Make all premium payments and out-of-pocket medical expenses 100% tax deductible for everyone not otherwise covered below. (Somebody explain to me, please, why this isn't already the case if we're so worried about people's health care being financially ruinous.)

2. For all individuals/families under 400% of the Federal Poverty Level who are not covered by Medicaid and/or SCHIP, provide a $5000/person tax exemption for medical expenses OR a 100% tax credit for premium payments and out-of-pocket medical expenses to those who itemize their taxes. Phase this exemption/credit out in graduated steps between $80,000-180,000 annual income, with such families then falling under item 1.

A. In the event that an individual/family does not possess a tax liability that reaches $5000/person, provide the employer with a tax credit for up to that amount of Federal payroll taxes and require that this amount then be paid to the employee in the form of a "tax-free health care payroll tax rebate."

3. Allow each individual a one-time "catastrophic" health care tax credit of an additional $10,000/year for a five-year period; should the individual (or guardian) not be making sufficient income to receive the full benefit of this credit, issue a rebate through the employer of ALL Federally mandated payroll deductions until the $50,000 ceiling has been reached. There should also be a provision that allows such an individual/family to file to have all Federal withholding stopped immediately until the ceiling has been reached.

4. Allow Federal Emergency Medical Loans against the catastrophic benefit listed in item 3, with the benefit serving as security.


I'm still not voting for him.

Comments

Tyler Nixon said…
Would that McCain would steal more of your ideas, Steve.

The test of ego versus intellect is whether you can put your best proposals and thoughts out there with the wholehearted sentiment : STEAL THIS IDEA.

Whatever anyone's qualms about Ron Paul, before he made his stand on the national scene no one and I mean no one ever, in the prevailing/mainstream media or in the political dialogue, spoke of the engineered (intended or otherwise) devaluation of the dollar.

Now it is on the lips of a myriad who before only ever spoke of interest rates, inflation, the CPI, etc etc etc. They won't utter his name but his ideas have had a deep impact and still are, acknowledged or not.

One of the best indictments of collectivism on many levels is found in Richard Weaver's Ideas Have Consequences.

Ahh, the "Great Stereopticon"...

Indeed, ideas have consequences for better or worse.

Keep 'em coming.
Anonymous said…
If John McCain reads this blog at all it is only through a surrogate becuase I doubt his little T-rex arms can reach the keyboard-

from the recovery bed and before the new round of drugs arrive or sober but still out of it and feeling it acutely, Brian

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