Riiiight.
Democratic presidential candidate Elizabeth Warren’s long-awaited "Medicare-for-all" funding plan projects the government-run health care system would cost a staggering sum of "just under $52 trillion" over the next decade, with the campaign proposing a host of new tax increases to pay for it while still claiming the middle class would not face any additional burden.
“We don’t need to raise taxes on the middle class by one penny to finance Medicare for All,” Sen. Warren, D-Mass., said in her plan — a copy of which was obtained by Fox News in advance of its release Friday.
In a tweet posted after this report was first published, Warren reiterated that pledge while asserting she can return $11 trillion to American families.
The campaign's detailed Medicare-for-all proposal, however, insists that the costs can be covered by a combination of existing federal and state spending on Medicare and other health care -- as well as myriad taxes on employers, financial transactions, the ultra-wealthy and large corporations and some savings elsewhere. Those measures are meant to pay for a projected $20.5 trillion in new federal spending. Notably, they include what is essentially a payroll tax increase on employers, something economists generally say can hit workers in the form of reduced wages.
https://www.foxnews.com/politics/wa...still-claims-no-middle-class-tax-hikes-needed
Democratic presidential candidate Elizabeth Warren’s long-awaited "Medicare-for-all" funding plan projects the government-run health care system would cost a staggering sum of "just under $52 trillion" over the next decade, with the campaign proposing a host of new tax increases to pay for it while still claiming the middle class would not face any additional burden.
“We don’t need to raise taxes on the middle class by one penny to finance Medicare for All,” Sen. Warren, D-Mass., said in her plan — a copy of which was obtained by Fox News in advance of its release Friday.
In a tweet posted after this report was first published, Warren reiterated that pledge while asserting she can return $11 trillion to American families.
The campaign's detailed Medicare-for-all proposal, however, insists that the costs can be covered by a combination of existing federal and state spending on Medicare and other health care -- as well as myriad taxes on employers, financial transactions, the ultra-wealthy and large corporations and some savings elsewhere. Those measures are meant to pay for a projected $20.5 trillion in new federal spending. Notably, they include what is essentially a payroll tax increase on employers, something economists generally say can hit workers in the form of reduced wages.
https://www.foxnews.com/politics/wa...still-claims-no-middle-class-tax-hikes-needed
