Quote Originally Posted by dragonrider
I did check out the speech you cut and paste into the McCain thread for the information about HOW McCain will pay for his plan, but I did not see it there. You said it was there, so maybe I missed it. Those $2500 - $5000 tax credits are going to add up if milions of people take him up on his offer, but I didn't see how he will pay for it. Do you have that info? I really am asking becasue I want the info, not because I want to stump you with a question I already have the answer to.
Barack Obama plans to place payroll taxes on Corporations and the Rich.

Keep in mind this is just how I forsee it happening. Obama hasn't actually gone in depth enough for me to say "oh that's how it is".

I cannot say for certain the population of the Rich, but the population of the super rich is 0.7% of the United States. I personally estimate the Rich population to be no more than 10% of the US population.

In addition to this he wants to put a payroll tax on corporations. Which is fine and dandy except corporations have this tendency to roll over things onto their employees. This can be seen in the current employer Healthcare system in which most employees still have to pay some nominal fee to receive health care. Currently these employers receive a tax break for providing healthcare.

Under the new system that he proposes I am concerned that 10.7% of the rich can't insure 304 million Americans. In addition to this I am concerned that the taxing of corporations who had previously been receiving tax breaks to provide health insurance will lead to lay offs. The easiest way to protect profit is by cutting back on your work staff. You lose the cost it takes to employ them in addition you won't be penalized by that one person by the government under this proposed Universal health care bill.

That's the way I see it playing out. Whether it plays out that way or not I cannot say for certain. In another post I used hypothetical tax figures just as an example. I would post them again but I fear getting flamed by some posters on here. Heaven forbid I post some hypothetical data since the actual data is not available.


In regards to McCain. He wanted to shift the Tax breaks that the government previously gave to Employers and give it to the people instead. People will still have the option to get Employer based insurance if it's available or if it's even wanted, but he also wants to offer a second option by redistributing money that would normally be given as tax breaks to Large companies and give them to Americans instead. It's simply a redistribution of money.

I think I had said all this in another thread but to be honest the threads on here have gotten so intermingled I can't tell you where it's at now.

Honestly; as I've said before, I feel both plans are poor however if you're looking at it just from a comparison stand point then my opinion is that McCain's plan will have less Impact on the American people.

Really I'd like for them to do some light regulation just to get everything back on par as opposed to handing out coupons or trying to propose new taxes. The problem with this, for me anyway, is that I'm wary of giving the government anymore authority than they already have. I'm an advocate of smaller government.

All I know is that I am against socialized healthcare after seeing what I've seen in some other countries. We are a capitalist country and a socialized medical program that health care providers are forced into would probably hurt the industry more than it would help. If they aren't making money then naturally there will be cutbacks in the medical work force or a cut back in the work forces salary; which would probably be motivation for a few of them to leave and go into other fields anyway.

Again with the exception of what Obama plans to do and what McCain plans to do; everything I've said here has been what I foresee happening.

It's sad that I'm having to put a disclaimer at the end of my posts now.