Edwards to (gasp!) raise taxes! (I’m shocked! Shocked!)
Democratic U.S. presidential candidate John Edwards on Sunday said that he would raise taxes, chiefly on the wealthy, to pay for expanded healthcare coverage under a plan costing $90 billion to $120 billion a year to be unveiled on Monday.
“We’ll have to raise taxes. The only way you can pay for a healthcare plan that cost anywhere from $90 to $120 billion is there has to be a revenue source,” Edwards said on NBC’s Meet the Press news program.
The 2004 vice presidential nominee and former North Carolina senator said his plan would “get rid of George Bush’s tax cuts for people who make over $200,000 a year.”
Any bets as to whether he would get rid of cuts for those between $20K and $200K as well?