Quote from Arnie:
A couple of points.
As Brandof pointed out a slight increase in his marginal rate probably won't affect him much and, more importantly, he probably will not change his behaviour much, at least when it comes to investing/spending. But imagine an increase in cap gains taxes and taxes on dividends that Obama is proposing across an entire economy. It will have an affect and it won't be good.
Someone pointed out that McCain wants to tax health care benefits payed by the employer. That's true and there is a very good reason for it. Right now people with good jobs have their HC payed for mostly by the employer. Poor people and people working part time or hourly jobs don't. What McCain wants to do is level the playing field. The way the system is now, those people with employer payed HC benis are being subsidized by other taxpayers. McCain would offset some of this tax with a tax credit to ALL workers. He also wants other reforms like allowing ins co's to sell across state lines. Obama's HC plans are really just an expansion of the status quo, which hasn't worked very well.
I have never understood the thinking behind making employers pay for your health care. Maybe it made sense in WWII, which is when it started, but it makes no more sense than asking your employer to supply your groceries.
