Texas governor and Republican presidential candidate George W. Bush unveiled a “peace of mind” insurance plan Wednesday to help fight the cost of long-term health care.
The plan calls for a tax exemption of $2,750 for each elderly spouse, relative or parent care for at home, as well as allowing all taxpayers to deduct the cost of premiums for the insurance. The tax deduction portion would cost an estimated $5.1 billion over five years.
The tax exemption portion would cost an additional $2.3 billion over the same period. Meanwhile, the Gore camp questioned how Bush would fund such an initiative, asking if it would even be possible when combined with his ideas of cutting taxes.
Was this article valuable?
Here are more articles you may enjoy.
Online Insurance Marketplace Insurify Blocks Meta’s Personal AI Agent Muse 
Florida OIR Orders Unlicensed RRG to Cease and Desist After Owners Arrested 
Florida AG Sues Roofing Firm After Dozens of Complaints About Unfinished Work 
Here Are Some AI Doomsday Scenarios Researchers Say Could Put Humanity at Risk 
