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.


Democratic socialist headed for $142K legislature salary begs for rent handout, deletes post after backlash
Multiple people killed in shooting at Idaho In-N-Out restaurant, suspect dead
ICE arrests illegal immigrant accused of rape, multiple sex crimes after release from Maryland jail
Father of 10-year-old boy breaks silence after viral beach rescue: ‘No way I could ever repay him’
Trump says he ‘disagrees 100%’ with U.S. Attorney Jeanine Pirro over Reflecting Pool case
Assisted living sent resident to doctor’s appointment after giving him 18 shots, 5 am beer: officials
Mamdani extends deadline for NYC homeowners to seek exemption from new pied-à-terre tax
DSA candidate pushes federal AI data center moratorium with Michigan early voting underway
Trump immigration agenda faces setback as Obama-appointed judge issues fresh TPS stay
Israeli president says Palestinian peace ‘requires’ acceptance of Israel in warning against Mamdani
New Christian Persecution Report Shows Most Dangerous Countries on Earth for Believing in Jesus
Why Gen Z Is Breaking This Longtime Workplace Taboo
Reporter’s Notebook: Why Fauci’s 111 Fifth Amendment pleas could end up before the courts
Trump blasts rogue GOP senators for blocking Blanche nomination, vows anti-weaponization bill fight
Trump Says AI Data Centers Pledge Will Make Power Bills ‘Actually Come Down’

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.


Democratic socialist headed for $142K legislature salary begs for rent handout, deletes post after backlash
Multiple people killed in shooting at Idaho In-N-Out restaurant, suspect dead
ICE arrests illegal immigrant accused of rape, multiple sex crimes after release from Maryland jail
Father of 10-year-old boy breaks silence after viral beach rescue: ‘No way I could ever repay him’
Trump says he ‘disagrees 100%’ with U.S. Attorney Jeanine Pirro over Reflecting Pool case
Assisted living sent resident to doctor’s appointment after giving him 18 shots, 5 am beer: officials
Mamdani extends deadline for NYC homeowners to seek exemption from new pied-à-terre tax
DSA candidate pushes federal AI data center moratorium with Michigan early voting underway
Trump immigration agenda faces setback as Obama-appointed judge issues fresh TPS stay
Israeli president says Palestinian peace ‘requires’ acceptance of Israel in warning against Mamdani
New Christian Persecution Report Shows Most Dangerous Countries on Earth for Believing in Jesus
Why Gen Z Is Breaking This Longtime Workplace Taboo
Reporter’s Notebook: Why Fauci’s 111 Fifth Amendment pleas could end up before the courts
Trump blasts rogue GOP senators for blocking Blanche nomination, vows anti-weaponization bill fight
Trump Says AI Data Centers Pledge Will Make Power Bills ‘Actually Come Down’

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.


Democratic socialist headed for $142K legislature salary begs for rent handout, deletes post after backlash
Multiple people killed in shooting at Idaho In-N-Out restaurant, suspect dead
ICE arrests illegal immigrant accused of rape, multiple sex crimes after release from Maryland jail
Father of 10-year-old boy breaks silence after viral beach rescue: ‘No way I could ever repay him’
Trump says he ‘disagrees 100%’ with U.S. Attorney Jeanine Pirro over Reflecting Pool case
Assisted living sent resident to doctor’s appointment after giving him 18 shots, 5 am beer: officials
Mamdani extends deadline for NYC homeowners to seek exemption from new pied-à-terre tax
DSA candidate pushes federal AI data center moratorium with Michigan early voting underway
Trump immigration agenda faces setback as Obama-appointed judge issues fresh TPS stay
Israeli president says Palestinian peace ‘requires’ acceptance of Israel in warning against Mamdani
New Christian Persecution Report Shows Most Dangerous Countries on Earth for Believing in Jesus
Why Gen Z Is Breaking This Longtime Workplace Taboo
Reporter’s Notebook: Why Fauci’s 111 Fifth Amendment pleas could end up before the courts
Trump blasts rogue GOP senators for blocking Blanche nomination, vows anti-weaponization bill fight
Trump Says AI Data Centers Pledge Will Make Power Bills ‘Actually Come Down’

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