George W. Bush found the solution to America's healthcare crisis seven years ago. Nobody listened

Politico Magazine ^ | 02/19/2014 | EDWARD LAZEAR

[SeekAndFind]

RE: So what’s better? A tax deduction plan like this or a tax credit plan like the one Coburn is sponsoring?

I personally prefer a tax credit.

If I were ever faced with a hypothetical choice between a $1000 tax deduction and a $1000 tax credit, I would want the credit.

Unlike a tax deduction, a $1000 tax credit reduces your tax dollar-for-dollar ($1000). On the other hand, a tax deduction reduces your taxable income by $1000.

The resulting amount of tax you save depends on your marginal tax bracket (in everyday language: your tax bracket). If you are in the 25% tax bracket, a $1000 tax deduction reduces your taxes by $25.

But either one would be preferable to the monstrosity we have now.

[GeronL]

if it doesn’t have half the people getting a subsidy the left will oppose it

[SunkenCiv]

He also wanted to straighten out the Social Security system, and the Demwits fought against it tooth and nail. Thanks SeekAndFind.

[AllAmericanGirl44]

bkmk

[superfries]

great explanantion

[1010RD]

Poor GWBush, if only we’d listened to him. Like he didn’t cause or encourage the problems we have today?

What health care needs is a full dose of free market. Everything that ails health care in America is government sponsored. It isn’t insurance that people need, but access.

At the local, county, state and federal level rules and regulations limit choices. It is illegal to situate one hospital across the street from another. Why can’t pharmacists prescribe? Why can’t non-doctors own clinics?

It’s government and their crony capitalists that created the problem. Get government out of health care and watch it thrive while prices drop and access improves.

Do that for everything and watch America boom. To do that you’ll need an excess lobbying tax on lobbying incomes over $100K. Something like 90% for the next dollar ought to do it.