Marathon Pundit: Obama universal health care plan means higher taxes

Tuesday, May 29, 2007

Obama universal health care plan means higher taxes

Fresh from his "No politics, please" appearance in New Hampshire, my junior Democratic senator, Barack Obama, unveiled his universal health care in Iowa City this morning, as the Des Moines Register reports:

Presidential candidate Barack Obama's plan for universal health care for all Americans requires $50 billion to $65 billion in new revenue, according to estimates released this morning by his campaign.

The campaign suggested tax increases for the wealthiest Americans may be the way Obama would pay for his plan. The campaign released estimates from the Urban/Brookings Tax Policy Center saying the money could be raised by restoring the top two personal income tax brackets and rates on dividends and capital gains to Clinton-era levels.