Chapter[ Speech - Remarks on American Health Choices Plan
Section[ Financial Concerns
Now, how will I pay for this plan? First let me tell you how I will not pay for it. I won't pay for it by pouring money into a broken system. I won't pay for it by raising taxes on middle class families who are already struggling with rising costs and stagnant wages. Instead, I'll pay for part of it by implementing the cost saving measures I outlined in May. And I will pay for some of it by rolling back part of President Bush's fiscally irresponsible tax breaks for the highest income Americans.
And I'll pay for some of it by limiting the tax breaks for people making over $250,000 a year to the same level that ordinary, middle class Americans get. Right now, the highest income Americans get some of the most generous health care benefits and the most generous tax deductions to go with them. Well-off Americans should be able to deduct the cost of the same quality health plan that middle-income families can deduct. If they want to receive extra benefits beyond what most middle income families get, they should pay for it themselves, not have tax payers foot the bill for them.
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