"McCain admits health plan increases taxes."
Today, during an interview on ABC’s This Week, Sen. John McCain (R-AZ) finally admitted that his health care tax credits would not cover the costs of a comprehensive health insurance plan:
Actually, my position is that it will be, it will give people actually more money to go out and purchase tax – health insurance on their own and only those with the Cadillac gold-plated health insurance policies today are the ones who might suffer from it.
Ironically, McCain’s health care plan raises taxes for families whose yearly income just barely covers the cost of a Cadillac. The Wonk Room has a detailed explanation here.