[cart man]

Tax credits are not tax breaks. It is money taken by the govt from people who earned it and given to other people. It is welfare.

McCain's health plan appears to be welfare to me with a refundable tax credit.

Better Than "Members of Congress": Under the McCain Plan, your employer can provide you with health insurance as good as a "Member of Congress" (approximately $12,000), and you would pay no more in taxes – regardless of your tax bracket. In fact, you would have additional money left over from the McCain tax credit to put in a health savings account.

Income Tax Liability McCain-Palin
Tax Credit Total Tax Savings
10% Bracket
(Up to $15,000)
$1,200 ($12,000 x 10%) $5,000 +$3,800
15% Bracket ($15,650 - $63,700)
$1,800 ($12,000 x 15%) $5,000 +$3,200
25% Bracket ($63,700 - $128,500)
$3,000 ($12,000 x 25%) $5,000 +$2,000
28% Bracket ($128,500 - $195,850)
$3,360 ($12,000 x 28%) $5,000 +$1,640
33% Bracket ($195,850 - $349,700)
$3,960 ($12,000 x 33%) $5,000 +$1,040
35% Bracket ($349,700 and Over)
$4,200 ($12,000 x 35%) $5,000 +$800