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.


Why Lula’s reelection in Brazil is ‘not gonna make democratizing Cuba any easier’
Dead felon voting controversy grows as ‘Betty No Last Name’ surfaces in Spanberger’s rights restoration push
Bombshell: Ex-Wife Levels New Rape, Incest Accusations at Hugh Hefner, the Man Who Mainstreamed Pornography
Trump’s attacks on Abdul el Sayed could backfire with the Arab Americans who backed Republicans in 2024
Libertarians challenge Trump-backed Republicans, look to shake up midterms beyond GOP-Dem duopoly
OpenAI Sued for Wrongful Death After ChatGPT Allegedly Convinced Woman to Change Medication
Obama admin first launched the investigation into Ilhan Omar’s alleged brother marriage
Ex-chief says Christa Pike was ‘almost giddy’ describing murder as governor weighs in after botched execution
Maine, Kansas Senate races neck and neck as Democrats lead in Texas, Michigan, poll shows
Lindsay Clancy’s lawyer denies she’ll testify about homicidal thoughts in ex’s suit against her doctors
What comes next for Mary Peltola as her campaign faces decoy investigation
AG Todd Blanche Calls a Spade a Spade on Alaska Dems: ‘They Are Cheating’
Alaska Governor Orders Investigation Into Alleged Dem Ballot Plot to Trick and Confuse GOP Voters
Israeli top election official orders Shin Bet to investigate allegations of foreign interference with Arab vote
Bolsonaro declares himself ‘leader’ of Brazil after fleeing country, arriving in Miami
See also  Major companies abandon SPLC’s ‘hate groups’ screening tool in corporate giving programs

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.


Why Lula’s reelection in Brazil is ‘not gonna make democratizing Cuba any easier’
Dead felon voting controversy grows as ‘Betty No Last Name’ surfaces in Spanberger’s rights restoration push
Bombshell: Ex-Wife Levels New Rape, Incest Accusations at Hugh Hefner, the Man Who Mainstreamed Pornography
Trump’s attacks on Abdul el Sayed could backfire with the Arab Americans who backed Republicans in 2024
Libertarians challenge Trump-backed Republicans, look to shake up midterms beyond GOP-Dem duopoly
OpenAI Sued for Wrongful Death After ChatGPT Allegedly Convinced Woman to Change Medication
Obama admin first launched the investigation into Ilhan Omar’s alleged brother marriage
Ex-chief says Christa Pike was ‘almost giddy’ describing murder as governor weighs in after botched execution
Maine, Kansas Senate races neck and neck as Democrats lead in Texas, Michigan, poll shows
Lindsay Clancy’s lawyer denies she’ll testify about homicidal thoughts in ex’s suit against her doctors
What comes next for Mary Peltola as her campaign faces decoy investigation
AG Todd Blanche Calls a Spade a Spade on Alaska Dems: ‘They Are Cheating’
Alaska Governor Orders Investigation Into Alleged Dem Ballot Plot to Trick and Confuse GOP Voters
Israeli top election official orders Shin Bet to investigate allegations of foreign interference with Arab vote
Bolsonaro declares himself ‘leader’ of Brazil after fleeing country, arriving in Miami
See also  What are the most expensive midterm races?

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.


Why Lula’s reelection in Brazil is ‘not gonna make democratizing Cuba any easier’
Dead felon voting controversy grows as ‘Betty No Last Name’ surfaces in Spanberger’s rights restoration push
Bombshell: Ex-Wife Levels New Rape, Incest Accusations at Hugh Hefner, the Man Who Mainstreamed Pornography
Trump’s attacks on Abdul el Sayed could backfire with the Arab Americans who backed Republicans in 2024
Libertarians challenge Trump-backed Republicans, look to shake up midterms beyond GOP-Dem duopoly
OpenAI Sued for Wrongful Death After ChatGPT Allegedly Convinced Woman to Change Medication
Obama admin first launched the investigation into Ilhan Omar’s alleged brother marriage
Ex-chief says Christa Pike was ‘almost giddy’ describing murder as governor weighs in after botched execution
Maine, Kansas Senate races neck and neck as Democrats lead in Texas, Michigan, poll shows
Lindsay Clancy’s lawyer denies she’ll testify about homicidal thoughts in ex’s suit against her doctors
What comes next for Mary Peltola as her campaign faces decoy investigation
AG Todd Blanche Calls a Spade a Spade on Alaska Dems: ‘They Are Cheating’
Alaska Governor Orders Investigation Into Alleged Dem Ballot Plot to Trick and Confuse GOP Voters
Israeli top election official orders Shin Bet to investigate allegations of foreign interference with Arab vote
Bolsonaro declares himself ‘leader’ of Brazil after fleeing country, arriving in Miami
See also  What are the most expensive midterm races?

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