McCain warns of Medicare cuts, tax increases
U.S. Sen. John McCain, R-Ariz., warned of major cuts to Medicare and large tax increases as the U.S. Senate neared its first votes this weekend on health care reform.
McCain opposes health reforms pushed by Democrats and President Barack Obama that would create a public-option government system to cover the uninsured and operate alongside private insurance companies.
"I don't think Americans really understand the scam that's going on here of beginning to collect taxes, tax increases and Medicare cuts of approximately $1 trillion beginning 40 days from now" McCain said Saturday. "In other words, the first of January, according to this plan, Americans will begin experiencing cuts in Medicare and increases in taxes 40 days from now paydayloans. Now, is there anybody who would agree that that's … nothing but a scam on the American people?"
McCain argued Saturday that "the real cost of this (is a) $2.5 trillion bill."
The Arizona Republican claims the bill will result in cuts to hospitals and Medicare.
The Democratic Senate Campaign Committee disputed McCain's contention Saturday, saying the bill would not result in Medicare cuts for seniors. Democrats are considering extra taxes on the rich to help pay for a government-run health system.
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