Saturday, January 20, 2007

Not Missing An Opportunity To Miss An Opportunity

President Bush is going to propose making individual health insurance coverage tax deductible on federal tax returns.

There is nothing wrong with this idea except that it is a few decades late and a few billion dollars short of having a real impact on anything.

Yeah, color me unimpressed.

If we do nothing else, we should allow tax filers who do not itemize deductions to pay health premiums with pre-tax dollars. Even this, however, doesn't come close to real tax reform.