President Bush Vetoes SCHIP

Today President Bush vetoed the SCHIP program, and should be seen as a success to fiscal conservatives. The program Bush vetoed would have extended health care benefits to middle class families, and provide coverage up to 25 years of age. This program would also have been unsustainable by the year 2013. Part of the funding of this program would have been paid for from a raise in the Federal cigarette tax. In other words the tax would have been regressive. Poor individuals would have been paying for the health care of middle class children. Unfortunately, this will probably be spinned in a fashion to make conservatives look uncaring.