Word: taxed
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KERRY He uses tax credits as a carrot to encourage employers to offer their workers health benefits. Under his plan, small businesses would get tax credits if they offer health insurance to their employees, and they could pass on the cost of insuring catastrophic cases to the government...
BUSH His plan relies on "health savings accounts," which would shift some of the costs of health care to the consumer. Insurance would still pay for major medical expenses, but these accounts, funded by a tax-free deduction on a worker's paycheck, would cover routine care...
BUSH He wants to make existing tax cuts for individuals and corporations permanent. Bush argues that with reduced income taxes, families have more to spend, and with lowered corporate taxes, businesses can invest in equipment. Laura Bush gave an example in her speech at the convention: the owner of an Iowa tow-truck company who used the credits to modernize her fleet...
KERRY Whereas Bush tries to use tax policy to spur growth, Kerry sees it as a tool of social intervention. His main proposal would raise taxes for those earning more than $200,000 a year and use that money to fund tax credits for college tuition and child care. Kerry takes a further swipe at offshore outsourcing with a proposal to start taxing corporate income earned in other countries...
...LINE Economists doubt that either plan would stimulate the economy or generate jobs. The wealthy are spending what they want to, explains Beth Ann Bovino, economist at Standard & Poor's, while everyone else is struggling with higher prices and stagnant wages. Both candidates draw fire for ignoring what their tax plans will do to the deficit. "This is a gigantic time bomb," says David Bradford of Princeton University. As with any business, when the Federal Government runs in the red, borrowing gets more expensive. The result? Interest rates could rise, and in the long run, the government would find...