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.

Watch 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.