Finance News Opinons Politics

Bernie Says He’ll Probably Raise Payroll, Income Taxes to Pay For ‘Medicare For All’

Sen. Bernie Sanders, I-Vt., specified Tuesday how he would pay for his “Medicare for All”program, which critics have lambasted for its cost and impact on the federal budget.

While campaigning in New Hampshire, he responded to an audience member’s question about payment by saying he would likely raise payroll taxes on employers as well as income taxes on high-income earners.

“It would cost you and ordinary Americans a lot less than you are currently spending on average,” he said before explaining his payment method.


“What it will probably end up looking like is a payroll tax on employers, an increase in income tax in a progressive way for ordinary people — with a significant deductible for low-income people who pay nothing for it,” he said.


Republicans Cline and Presler rally against Virginia redistricting vote
Pennsylvania man accused of stealing over 100 sets of human remains appears in court in ‘horror movie’ case
Survey finds nearly one-third of Long Island residents say Jews should ‘move on’ from the Holocaust
DOJ Reportedly Appealing Ruling That Limits Feds’ Ability to Use Notorious Spy Tool
Homeowner Uses Shovel to Defend His Pregnant Wife and Child from Would-Be Intruder
House Hearing Witnesses Reveal How Hardworking Families Pay Higher Taxes
California regulators kill charity fireworks for America’s 250th, sparking outrage
8 children dead in mass shooting that began as domestic dispute, police say
Christian in Egypt Faces Terrorism Charges for Simply Declaring His Faith in Jesus in Legal Docs: Report
MS NOW Host Melts Down Live on Air Over Ukraine ‘Whistleblower’ Being Referred for Prosecution
Feds arrest Iranian woman at LAX for allegedly brokering weapons sales for Islamic regime
Claims of Second Sphinx Buried Under Egypt Spark Debate
RFK Jr: LA Hospice Scams Cost US $5B
Video: Christians Slaughtered on Palm Sunday in Nigeria – Ex-Football Player Doing Everything He Can to Help Protect Them
Trump ally diGenova tapped to lead DOJ probe into Brennan over Russia probe origins
See also  Illegal immigrant accused of attempted rape in Virginia had past charges dropped by Soros-backed prosecutor

He also said his campaign purposefully didn’t put out a detailed account of his payment plan because it would “engender enormous debate.”

Sanders was just one of many progressive, 2020 candidates to advance “Medicare for All” and other policies, prompting more vigorous debate about socialism in the United States.

The proposal has received varying cost estimates from different organizations. According to the Committee for a Responsible Federal Budget, one Medicare for All proposal from Rep. Pramila Jayapal, D-Wash. would cost about $28 trillion – $32 trillion over a decade.

The American Action Forum, a conservative think tank, estimated the Green New Deal’s provision for universal health care would cost $36 trillion, with $260,000 in cost per household.


Republicans Cline and Presler rally against Virginia redistricting vote
Pennsylvania man accused of stealing over 100 sets of human remains appears in court in ‘horror movie’ case
Survey finds nearly one-third of Long Island residents say Jews should ‘move on’ from the Holocaust
DOJ Reportedly Appealing Ruling That Limits Feds’ Ability to Use Notorious Spy Tool
Homeowner Uses Shovel to Defend His Pregnant Wife and Child from Would-Be Intruder
House Hearing Witnesses Reveal How Hardworking Families Pay Higher Taxes
California regulators kill charity fireworks for America’s 250th, sparking outrage
8 children dead in mass shooting that began as domestic dispute, police say
Christian in Egypt Faces Terrorism Charges for Simply Declaring His Faith in Jesus in Legal Docs: Report
MS NOW Host Melts Down Live on Air Over Ukraine ‘Whistleblower’ Being Referred for Prosecution
Feds arrest Iranian woman at LAX for allegedly brokering weapons sales for Islamic regime
Claims of Second Sphinx Buried Under Egypt Spark Debate
RFK Jr: LA Hospice Scams Cost US $5B
Video: Christians Slaughtered on Palm Sunday in Nigeria – Ex-Football Player Doing Everything He Can to Help Protect Them
Trump ally diGenova tapped to lead DOJ probe into Brennan over Russia probe origins
See also  Bessent ‘optimistic’ gas prices will fall to $3 a gallon by midsummer

Another study from the Mercatus Institute, typically perceived as leaning right on fiscal issues, similarly predicted in 2018 that the cost would reach $32 trillion in 10 years but forsaw a scenario in which the nation could actually save more than $2 trillion on health expenditures.

An alternative scenario, accounting for less effective cost controls, would result in more than $3 trillion in additional costs. Mercatus also claimed that its study’s author thought the assumptions showing cost-savings may be unreasonable.

When Centers for Medicare & Medicaid Services (CMS) Administrator Seema Verma commented on the issue in April, she described the program as “the biggest threat to the American health care system.”

“What we’re talking about is stripping people of their private health insurance, forcing them into a government-run program,” she said. Her concerns echoed those of others who worried about the impact on existing health plans.


Republicans Cline and Presler rally against Virginia redistricting vote
Pennsylvania man accused of stealing over 100 sets of human remains appears in court in ‘horror movie’ case
Survey finds nearly one-third of Long Island residents say Jews should ‘move on’ from the Holocaust
DOJ Reportedly Appealing Ruling That Limits Feds’ Ability to Use Notorious Spy Tool
Homeowner Uses Shovel to Defend His Pregnant Wife and Child from Would-Be Intruder
House Hearing Witnesses Reveal How Hardworking Families Pay Higher Taxes
California regulators kill charity fireworks for America’s 250th, sparking outrage
8 children dead in mass shooting that began as domestic dispute, police say
Christian in Egypt Faces Terrorism Charges for Simply Declaring His Faith in Jesus in Legal Docs: Report
MS NOW Host Melts Down Live on Air Over Ukraine ‘Whistleblower’ Being Referred for Prosecution
Feds arrest Iranian woman at LAX for allegedly brokering weapons sales for Islamic regime
Claims of Second Sphinx Buried Under Egypt Spark Debate
RFK Jr: LA Hospice Scams Cost US $5B
Video: Christians Slaughtered on Palm Sunday in Nigeria – Ex-Football Player Doing Everything He Can to Help Protect Them
Trump ally diGenova tapped to lead DOJ probe into Brennan over Russia probe origins
See also  Virginia could lose influence in Congress if Spanberger’s gerrymander passes

Sanders and others have championed universal health care as a human rights issue — citing the U.S.’s high health care costs and lack of coverage compared to other industrialized nations.

Story cited here.

Share this article:
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter