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Health Insurance Tax Credit Would Help On Two Levels.(ISSUES & INSIGHTS)(BRAIN TRUST)
Byline: MERRILL MATTHEWS JR.
The administration is engaging in some tax-cut saber-rattling. Good. Tax cuts that would take effect immediately -- not back-loaded, as in the first tax-cut bill -- could do wonders for the listless economy and stock market.
Daschle Democrats will likely oppose the move, claiming that tax cuts will help only the wealthiest Americans while increasing the deficit and hurting working families.
But what if, as part of the package, the president proposed a tax cut that unquestionably helped lower-income workers, made their lives more secure and at the same time addressed the 39 million Americans without health insurance?
Generous Tax Break
The president has just such a tax cut proposal on the table: a tax credit for health insurance.
The tax code …
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