Lyrks
Lyrks
Lyrks
Cover Art

Bush to Urge New Tax Plan for Health Care Coverage Lyrics by The New York Times

J-Term 9th Grade 2014 (2014)

2007

He said any tax changes must be coupled with regulations that would encourage private insurance companies to offer affordable coverage to people with pre-existing health conditions.
“The market is broken,” Mr. Wyden said. “Private insurance companies cherry-pick. They’re trying to take just healthy people and send fragile people over to government programs more fragile than they are, and I’m not sure what this does to fix the broken market.”
The Census Bureau estimates that 175 million Americans obtain private health insurance through employers, while 27 million people are covered by insurance bought outside the workplace. The rest, with the exception of the 47 million uninsured, are covered through government programs like Medicare and Medicaid and military health care.
Under Mr. Bush’s proposal, people buying health insurance on their own would receive a tax break similar to the one that has historically been available to people who receive coverage through their jobs. The plan is tied to the average cost of family health coverage, which is currently $11,500 a year.
It would work like this: The administration would cap the amount of benefits that can remain tax free at $15,000 for a family and $7,500 for an individual. Anyone whose health insurance cost more than that would pay taxes on the difference. For example, a family with coverage costing $16,000 a year would pay taxes on $1,000.
The cap would also be used to establish the amount of the new deduction for people who lack coverage. In this example, a family buying insurance on its own could take a $15,000 deduction — even if the insurance cost less. The cap would rise with some measure of overall inflation, but would not necessarily keep pace with the costs of medical care and health insurance.
A White House official, speaking on condition of anonymity so as not to upstage the president, said, “The vast majority of people with employer-provided coverage will benefit as well.”
Credits
The New York Times

The New York Times

About “Bush to Urge New Tax Plan for Health Care Coverage” by The New York Times

Read the complete lyrics to "Bush to Urge New Tax Plan for Health Care Coverage" by The New York Times from the album "J-Term 9th Grade 2014 (2014)" in 2007. On Lyrks you can follow along with the full text, explore the artist's discography, and discover related songs. The track is often categorized under Non-Music, News .

"Bush to Urge New Tax Plan for Health Care Coverage" is performed by The New York Times. from the album "J-Term 9th Grade 2014 (2014)" in 2007 This page provides the full lyric text for fans who want to sing along, study the songwriting, or compare versions across releases. Lyrks organizes lyrics by artist and song slug so you can bookmark and share a stable URL. Music lyrics help listeners connect with emotion, narrative, and rhythm in a track. Whether you are learning English, researching a favorite chorus, or preparing for karaoke, having accurate line breaks and section labels (verse, chorus, bridge) makes the experience easier. We link to the official artist profile on Lyrks where available, including biography snippets, top songs, and chart placements when we have that data. If you enjoy "Bush to Urge New Tax Plan for Health Care Coverage", explore more songs by The New York Times using the links below. Chart and trending pages on Lyrks highlight what listeners are searching for this week. For copyright or correction requests, see our DMCA and contact pages.

View all songs and biography for The New York Times · Trending lyrics · Billboard Hot 100

Frequently asked questions

"Bush to Urge New Tax Plan for Health Care Coverage" is credited to The New York Times. Songwriting credits may include additional writers listed on the release; check the credits section on this page for linked collaborators.

"Bush to Urge New Tax Plan for Health Care Coverage" appears on "J-Term 9th Grade 2014 (2014)" in 2007.

Visit the The New York Times artist page at /artist/the-new-york-times for biography, popular tracks, and links to more lyric pages.