Bush Health Plan Would Raise Taxes by $526 Billion

February 28, 2007
Bush Health Plan Would Raise Taxes by $526 Billion

Feb. 28 (Bloomberg) -- President George W. Bush's plan to revamp the health-care system would increase taxes on Americans by $526.2 billion over the next decade, according to a congressional estimate that calls into question administration claims of cost and tax savings.

A "very preliminary" unreleased report by the staff of the non-partisan congressional JointCommittee on Taxation estimates that Bush's proposal would begin imposing higher taxes by 2011.

Bush's plan, outlined in January, would replace incentives for employers to provide insurance fortheir workers with a tax deduction for individuals.