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 George W Bush handed Altoids to Michelle Obama at her husband’s presidential center opening
Obama knocks Founders at presidential center debut before America’s 250th: ‘Fell terribly short’
‘American flag blue’ coating apparently peeling off in Lincoln Memorial Reflecting Pool
Planned Parenthood offered hormones but had no answers when detransitioner sought help, undercover probe finds
Trump Sends Forceful Message to ‘Jealous, Bad People’ Questioning His Iran Deal
Pete Hegseth Shames NATO Leaders to Their Faces, Demands They Take ‘Responsibility for the Defense of Europe’
Trump Iran framework gambles on diplomacy despite warning Tehran will ‘lie and cheat’
Dem Senate hopeful under fire for resurfaced comments calling cops ‘opportunistic cowards’
11 suspected illegal immigrants among 15 arrested in $1.4M benefits fraud crackdown in Massachusetts, DOJ says
JD Vance says he and Joy Behar are ‘best friends now’
Luigi Mangione’s emotional disturbance defense may have huge impact in his other case: lawyer
Illegal immigrants among 15 charged in $1.4 million Massachusetts benefits fraud crackdown
Here It Is: The Full Text of the US-Iran Agreement Trump Signed at Versailles
Soros Puppet, Philly DA Caught Doing Shocking Favors for Murderers – So Inappropriate That PA Supreme Court Is Intervening
Lawmakers scramble after Trump derails bid to revive key counterterrorism tool days after FBI thwarts UFC plot
See also  Illegal immigrants among 15 charged in $1.4 million Massachusetts benefits fraud crackdown

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 George W Bush handed Altoids to Michelle Obama at her husband’s presidential center opening
Obama knocks Founders at presidential center debut before America’s 250th: ‘Fell terribly short’
‘American flag blue’ coating apparently peeling off in Lincoln Memorial Reflecting Pool
Planned Parenthood offered hormones but had no answers when detransitioner sought help, undercover probe finds
Trump Sends Forceful Message to ‘Jealous, Bad People’ Questioning His Iran Deal
Pete Hegseth Shames NATO Leaders to Their Faces, Demands They Take ‘Responsibility for the Defense of Europe’
Trump Iran framework gambles on diplomacy despite warning Tehran will ‘lie and cheat’
Dem Senate hopeful under fire for resurfaced comments calling cops ‘opportunistic cowards’
11 suspected illegal immigrants among 15 arrested in $1.4M benefits fraud crackdown in Massachusetts, DOJ says
JD Vance says he and Joy Behar are ‘best friends now’
Luigi Mangione’s emotional disturbance defense may have huge impact in his other case: lawyer
Illegal immigrants among 15 charged in $1.4 million Massachusetts benefits fraud crackdown
Here It Is: The Full Text of the US-Iran Agreement Trump Signed at Versailles
Soros Puppet, Philly DA Caught Doing Shocking Favors for Murderers – So Inappropriate That PA Supreme Court Is Intervening
Lawmakers scramble after Trump derails bid to revive key counterterrorism tool days after FBI thwarts UFC plot
See also  UFC Freedom 250 White House event: Photos

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 George W Bush handed Altoids to Michelle Obama at her husband’s presidential center opening
Obama knocks Founders at presidential center debut before America’s 250th: ‘Fell terribly short’
‘American flag blue’ coating apparently peeling off in Lincoln Memorial Reflecting Pool
Planned Parenthood offered hormones but had no answers when detransitioner sought help, undercover probe finds
Trump Sends Forceful Message to ‘Jealous, Bad People’ Questioning His Iran Deal
Pete Hegseth Shames NATO Leaders to Their Faces, Demands They Take ‘Responsibility for the Defense of Europe’
Trump Iran framework gambles on diplomacy despite warning Tehran will ‘lie and cheat’
Dem Senate hopeful under fire for resurfaced comments calling cops ‘opportunistic cowards’
11 suspected illegal immigrants among 15 arrested in $1.4M benefits fraud crackdown in Massachusetts, DOJ says
JD Vance says he and Joy Behar are ‘best friends now’
Luigi Mangione’s emotional disturbance defense may have huge impact in his other case: lawyer
Illegal immigrants among 15 charged in $1.4 million Massachusetts benefits fraud crackdown
Here It Is: The Full Text of the US-Iran Agreement Trump Signed at Versailles
Soros Puppet, Philly DA Caught Doing Shocking Favors for Murderers – So Inappropriate That PA Supreme Court Is Intervening
Lawmakers scramble after Trump derails bid to revive key counterterrorism tool days after FBI thwarts UFC plot
See also  Trump arrives for UFC fight

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