Americans want tax dollars go to health care

By BenefitsPro

By Kathryn Mayer

What do Americans want from their tax dollars? Affordable health care, for one.

If Americans could choose how the government spends their tax dollars, they’d designate affordable health care (38 percent) as the top priority, according to a new tax survey released by TD Ameritrade.

The desire for more affordable health care also increases with age, the survey finds. While 35 percent of Gen Y most want affordable health coverage, 38 percent of Gen X and 44 percent of baby boomers say the same.

Job creation is also a top priority for tax dollars (36 percent), as is improving the quality of public education (24 percent) and improving the quality of health care (24 percent).

“Over the last quarter, slow and steady job growth and improvements in the housing market have Americans feeling more optimistic that the economy is on the rebound, but they also want the government to focus on the things that impact them most,” says Carrie Braxdale, managing director, investor services at TD Ameritrade. “And as more and more baby boomers enter retirement, quality and affordable health care will continue to be a growing concern among Americans.”

Women were more adamant about tax dollars going to health care than men, who most cited job creation. According to the Department of Labor, women make about 80 percent of the health care decisions for their families.

“Women also typically live longer than men, so it’s not surprising to see that they want their tax dollars being used to improve health care and make it more affordable,” Braxdale says.

Originally published on