Can the ‘Bush Tax Cuts’ Pay for Everything?
Of the hundreds of programs promised by the various candidates, only Clinton’s health care plan stood out as worthy of “extensive” media scrutiny. Announced in September, Clinton’s universal health care plan would require businesses to provide insurance for employees and require insurance companies to sell it. It would also cost taxpayers $110 billion every year. Clinton made it clear she would help finance her health care plan by “rolling back” the Bush tax cuts, amounting to a massive tax increase. But she had to admit that wouldn’t cover it all. Some journalists took note. “Clinton puts the cost at $110 billion a year, with a combination of tax credits and tax hikes for those making $250,000 or more helping to defray the cost,” Jim Axelrod reported on the September 17 CBS “Evening News.” “Watchdog groups and legislative sources said it is impossible to know whether the money from the about $55 billion in tax cuts from the wealthiest 2 percent of Americans will be available for a pre
