Thursday, November 18, 2004

Holy Crap

Really. I don't even know what to say about this. I think the fact that insurance is linked to employment is a bad way of doing things, but this obviously isn't the way to solve it:

Instead the administration plans to push major amendments that would shield interest, dividends and capitals gains from taxation, expand tax breaks for business investment and take other steps intended to simplify the system and encourage economic growth, according to several people who are advising the White House or are familiar with the deliberations.

The changes are meant to be revenue-neutral. To pay for them, the administration is considering eliminating the deduction of state and local taxes on federal income tax returns and scrapping the business tax deduction for employer-provided health insurance, the advisers said.

bye bye health insurance for a hell of a lot of people.