Vice Presidential Candidate Sarah Palin from last night’s debate:
He’s proposing a $5,000 tax credit for families so that they can get out there and they can purchase their own health care coverage. That’s a smart thing to do. That’s budget neutral. That doesn’t cost the government anything as opposed to Barack Obama’s plan to mandate health care coverage and have universal government run program and unless you’re pleased with the way the federal government has been running anything lately, I don’t think that it’s going to be real pleasing for Americans to consider health care being taken over by the feds. But a $5,000 health care credit through our income tax that’s budget neutral. That’s going to help
Immediately after hearing this statement, I sent the following text message to several of my peers: “somebody will have to explain the budget nuetral tax credit to me.”
The Tax Foundation has confirmed my skeptcism that John McCain’s plan is not tax nuetral. In fact, it will add $1.3 trillon to the deficit over 10 years.
To be fair, Senator Biden also made several mistakes and false claims.
See the full break down here.