President Bushs healthcare proposal would increase taxes by $334 billion over 10 years, Rep. Pete Stark (D-Calif.) announced today, citing revised estimates prepared by the congressional Joint Committee on Taxation.
Stark, who chairs the House Ways and Means health subcommittee, said 58 million Americans would see their taxes increase by an average of $2,295 a year under this proposal.
At deadline, the Joint Committee had not officially released the analysis to the public.
Bushs plan recommends a revision of the tax code to encourage more people to buy health insurance, and would redirect federal funds to the states to help them provide basic private health insurance to the poor and the sick.
Stark in a statement said the committee was forced to make assumptions about how the Bush plan would work because it lacked sufficient detail.
In addition to raising taxes for everyone, the plan will also encourage people to purchase crummy high-deductible policies that dont meet their healthcare needs, he said.
At deadline, the White House had not responded to a request for comment on the new estimate. -- by Jennifer Lubell