Austin Frakt on the insanity of Mitt Romney’s campaign health care plan:
Most economists… many policy wonks… deficit hawks, advocate eliminating or phasing-out the tax deductibility of employer-sponsored health insurance…. Seems like a good idea to dump this tax subsidy…. Can anyone tell me why Romney wants to expand the tax preferred status of health insurance? Doesn’t he believe we overspend on health care? Doesn’t he believe in the incentive effects of taxation? Isn’t he interested in reducing the deficit and/or cutting marginal tax rates? Why, then, would he want to create an even bigger tax expenditure? If Romney means something else (e.g., removing the tax deduction and offering tax a tax credit for group- and non-group health insurance products alike), then I’d like to know where he said or printed that, because his website doesn’t say it. Frankly, I’m puzzled.