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.


Melania Trump secures $7.2M for foster care scholarships at LSU ahead of Alabama showdown
DeSantis Slams Vivek Ramaswamy’s Disastrous Ohio Campaign: ‘How Bad Did They Beat Vivek? Like a Drum!’
DeSantis Gives Another Powerful Rebuke of GOP’s Strategy: ‘Screaming Socialism’ Doesn’t Work
Trump orders DOJ probe into Democrats over alleged threats against admin officials
Biden-appointed judge probes whether ICE skirted judge’s release orders in Colorado cases
Salon Signs Off: The Truth Outlasts the Smear
Newsom’s death-row commutations spark DA revolt as prosecutors warn of legal fight
Turning Point USA event at University of New Mexico ends with two arrests and a string of charges
The Left’s Joe Rogan Can’t Stop Laughing at Twisted Charlie Kirk Execution Fantasy
Slew of Arrests For Newly Elected Democrats Across the Country, Some Could Face Years in Jail
White House Slammed for Tone-Deaf Post About ‘Triumphal Arch’ Following Midterm Bloodbath
9 mystery fingerprints from OJ Simpson murder case could hold new clues more than 30 years later
Republican state lawmakers reported Omar to the IRS in 2019
California prosecutors slam Newsom’s death row commutations, accuse governor of putting ‘politics over people’
Far Worse Than Previously Reported: Big Tech’s Ticking Time Bomb Is a Massive Financial Exposure Tied to AI
See also  Khanna touts new draft committee for likely 2028 presidential bid: ‘I’m honored’

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.


Melania Trump secures $7.2M for foster care scholarships at LSU ahead of Alabama showdown
DeSantis Slams Vivek Ramaswamy’s Disastrous Ohio Campaign: ‘How Bad Did They Beat Vivek? Like a Drum!’
DeSantis Gives Another Powerful Rebuke of GOP’s Strategy: ‘Screaming Socialism’ Doesn’t Work
Trump orders DOJ probe into Democrats over alleged threats against admin officials
Biden-appointed judge probes whether ICE skirted judge’s release orders in Colorado cases
Salon Signs Off: The Truth Outlasts the Smear
Newsom’s death-row commutations spark DA revolt as prosecutors warn of legal fight
Turning Point USA event at University of New Mexico ends with two arrests and a string of charges
The Left’s Joe Rogan Can’t Stop Laughing at Twisted Charlie Kirk Execution Fantasy
Slew of Arrests For Newly Elected Democrats Across the Country, Some Could Face Years in Jail
White House Slammed for Tone-Deaf Post About ‘Triumphal Arch’ Following Midterm Bloodbath
9 mystery fingerprints from OJ Simpson murder case could hold new clues more than 30 years later
Republican state lawmakers reported Omar to the IRS in 2019
California prosecutors slam Newsom’s death row commutations, accuse governor of putting ‘politics over people’
Far Worse Than Previously Reported: Big Tech’s Ticking Time Bomb Is a Massive Financial Exposure Tied to AI
See also  LePage’s Maine House race heads to ranked-choice voting

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.


Melania Trump secures $7.2M for foster care scholarships at LSU ahead of Alabama showdown
DeSantis Slams Vivek Ramaswamy’s Disastrous Ohio Campaign: ‘How Bad Did They Beat Vivek? Like a Drum!’
DeSantis Gives Another Powerful Rebuke of GOP’s Strategy: ‘Screaming Socialism’ Doesn’t Work
Trump orders DOJ probe into Democrats over alleged threats against admin officials
Biden-appointed judge probes whether ICE skirted judge’s release orders in Colorado cases
Salon Signs Off: The Truth Outlasts the Smear
Newsom’s death-row commutations spark DA revolt as prosecutors warn of legal fight
Turning Point USA event at University of New Mexico ends with two arrests and a string of charges
The Left’s Joe Rogan Can’t Stop Laughing at Twisted Charlie Kirk Execution Fantasy
Slew of Arrests For Newly Elected Democrats Across the Country, Some Could Face Years in Jail
White House Slammed for Tone-Deaf Post About ‘Triumphal Arch’ Following Midterm Bloodbath
9 mystery fingerprints from OJ Simpson murder case could hold new clues more than 30 years later
Republican state lawmakers reported Omar to the IRS in 2019
California prosecutors slam Newsom’s death row commutations, accuse governor of putting ‘politics over people’
Far Worse Than Previously Reported: Big Tech’s Ticking Time Bomb Is a Massive Financial Exposure Tied to AI
See also  Woman, 20, identified as co-pilot of plane that crashed in Florida

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
Share on twitter
Twitter


Discover more from ConservativeModern.com

Subscribe now to keep reading and get access to the full archive.

Continue reading