The Obama National Anthem...
GLENN: We have, we have some problems, I guess, with the unions. They are very, very upset that this Cadillac tax is going to go through. First of all, you know, don't count, don't count anything out before it actually happens. In this, in this world that we're living in now you know they started again that healthcare's hanging by a thread, it's probably not going to pass. Oh, please. What makes you believe this isn't going to pass? I mean, besides the fact that 35% of America like this plan and want this plan. Democrats don't want it, Republicans don't want it. It's at an all time low now. It's going to continue to go through. And Barack Obama is going to give a Cadillac tax now on your health benefits. What is a Cadillac tax? You have too good of health insurance.
Now me, if I'm the president of the United States, I'm going to encourage people to give their employees the best health care possible. Preventative care, you name it, that's what I'm going to do. I'm going to incentivize these companies. I'm going to give them tax cuts if they increase the healthcare, if they do a great job on healthcare, I'll give them tax breaks. What does this president do? You can have too good of healthcare. So he's going to fine those companies. If you have too good of healthcare, you get a tax. Well, what happens, do you suppose, to your healthcare? For instance, I have the best healthcare for my company, best healthcare I can possibly buy for my employees. We cover them 100%. Nothing. Nothing is off the table. We give them everything we possibly can. By law I'm covering everything I can and the only thing I could do that would be better is to buy a plan across state lines, which the government won't let me do. So if this Cadillac tax passes, what happens to the insurance? I can't afford to pay the tax and give them the best kind of benefits. So what happens to you as that's the employer's point of view. What happens to you as the employee? Well, you've worked hard for that. That was a great benefit. Now you lose it? Yeah. Now you lose it. If you're a union worker, that was part of your negotiation. You didn't take a certain amount because you got better benefits, et cetera, et cetera, and you were promised those benefits. Well, now the unions are saying you can't tax us. Well, don't worry about it. They are not taxing all of the unions. Most of the unions are getting an exemption from this. But if you're a regular business? See, we're no longer about equal justice. We're all about who do you know? Who has power? Equal justice, no, no, no. Social justice. And the ones who deserve more justice than you are the unions. Don't you wish you had a union job now?
The problem with this tax plan is this is the exact opposite of what Barack Obama campaigned on. He made a very big deal about John McCain and his Cadillac tax. If I'm not mistaken, though, John McCain, he had a rebate. So you paid in for this Cadillac tax but then there was a rebate and he claimed that that way there's no tax and that doesn't make sense to me, why would you get a rebate, why collect the tax at all then.
PAT: Yeah, but his pledge was, you know, that was ridiculous. The first time in American history and, you know, he certainly changed his tune since
GLENN: Yeah. So let's listen to what Barack Obama has said today and has said in the past about the Cadillac health tax.
PRESIDENT OBAMA: For example, I'm on record as saying that taxing Cadillac plans that don't make people healthier but just take more money out of their pockets because they're paying more for insurance than they need to, that's actually a good idea.
John McCain calls these plans Cadillac plans and in some cases it may be that a CEO's getting too good a deal. But what if you're a line worker making a good American car like the Cadillac? What if you're one of the steel workers who are working right here at Newport News and you've given up wage increases in exchange for better healthcare? Well, Senator McCain believes you should pay higher taxes, too. The bottom line: The better your healthcare plan, the harder you fought for your good benefits, the higher the taxes you'll pay under John McCain's plan.
And I can make a firm pledge. Under my plan no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.
GLENN: But wait. He goes further.
PRESIDENT OBAMA: And my opponent can't make that pledge and here's why. For the first time in American history John McCain wants to tax your healthcare benefits. Apparently Senator McCain doesn't think it's enough that healthcare premiums have doubled. He thinks you should have to pay taxes on them, too. That's a $3.6 trillion tax increase potentially on middle class families.
GLENN: Okay. So that's what he said in the past. I mean, if you just want to know what he said in the past, what he has said in the past is all of that stuff. Now what is he saying?
PAT: Going to tax your Cadillac healthcare plan.