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Those whose coverage costs more - an estimated 35 million people - would pay taxes on the difference. Those paying less for insurance would still get the full deduction and the resulting break in taxes. (www.usatoday.com)
The standard deduction proposal that the President has put forward in the State of the Union levels the playing field between insurance coverage purchased inside the employer market and outside the employer market, and does it in a fairly innovative and creative way.
Most tax-policy analysts agree that differences in individuals' tax liabilities (and thus in their shares of the costs of government) should reflect those individuals' differing abilities to pay...
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