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.


Trump pleads with Virginians to ‘just vote no’ on redistricting measure in telerally call
Another Democrat exits California’s crowded gubernatorial race weeks before the June 2 primary election
Chinese national arrested at JFK after allegedly photographing US military aircraft at Nebraska base
Louisiana Mass Murderer Who Killed 8 Children Previously Got Probation for Firing Gun Toward a School: Report
Mom, pregnant teen and 12-year-old found bound and murdered as police hunt multiple suspects
Cory Booker Calls for ‘Foot Soldiers’ to Take to the Streets to ‘Stand Up’ Against ‘Darkness’ in Bizarre Rant
IDF Takes Quick Action After Soldier Caught Smashing Statue of Jesus in Lebanon
Soros-linked dark money network fuels Virginia redistricting push backed by national Democrats
Republicans Are Banking on ‘October Surprise’ to Keep Senate Majority: Report
GOP blasts Virginia amendment as maps could swing delegation to 10-1 Democratic advantage
Sen. Mark Warner Announces the Death of His 36-Year-Old Daughter
Lawyer for American detained in Iran says hostage deal is ‘easiest problem on the table’ for both sides
A look into the controversies surrounding the now-former secretary of labor
ICE Detains Illegal Alien Accused of Murdering His Co-Worker with a Hammer
WATCH: Cory Booker unleashes fiery call for ‘foot soldiers’ at Michigan Dem conference
See also  Transportation industry showers son-in-law of transportation secretary with cash to fuel congressional bid

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.


Trump pleads with Virginians to ‘just vote no’ on redistricting measure in telerally call
Another Democrat exits California’s crowded gubernatorial race weeks before the June 2 primary election
Chinese national arrested at JFK after allegedly photographing US military aircraft at Nebraska base
Louisiana Mass Murderer Who Killed 8 Children Previously Got Probation for Firing Gun Toward a School: Report
Mom, pregnant teen and 12-year-old found bound and murdered as police hunt multiple suspects
Cory Booker Calls for ‘Foot Soldiers’ to Take to the Streets to ‘Stand Up’ Against ‘Darkness’ in Bizarre Rant
IDF Takes Quick Action After Soldier Caught Smashing Statue of Jesus in Lebanon
Soros-linked dark money network fuels Virginia redistricting push backed by national Democrats
Republicans Are Banking on ‘October Surprise’ to Keep Senate Majority: Report
GOP blasts Virginia amendment as maps could swing delegation to 10-1 Democratic advantage
Sen. Mark Warner Announces the Death of His 36-Year-Old Daughter
Lawyer for American detained in Iran says hostage deal is ‘easiest problem on the table’ for both sides
A look into the controversies surrounding the now-former secretary of labor
ICE Detains Illegal Alien Accused of Murdering His Co-Worker with a Hammer
WATCH: Cory Booker unleashes fiery call for ‘foot soldiers’ at Michigan Dem conference
See also  DOJ moves to vacate Jan. 6 seditious conspiracy convictions of Proud Boys and Oath Keepers leaders

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.


Trump pleads with Virginians to ‘just vote no’ on redistricting measure in telerally call
Another Democrat exits California’s crowded gubernatorial race weeks before the June 2 primary election
Chinese national arrested at JFK after allegedly photographing US military aircraft at Nebraska base
Louisiana Mass Murderer Who Killed 8 Children Previously Got Probation for Firing Gun Toward a School: Report
Mom, pregnant teen and 12-year-old found bound and murdered as police hunt multiple suspects
Cory Booker Calls for ‘Foot Soldiers’ to Take to the Streets to ‘Stand Up’ Against ‘Darkness’ in Bizarre Rant
IDF Takes Quick Action After Soldier Caught Smashing Statue of Jesus in Lebanon
Soros-linked dark money network fuels Virginia redistricting push backed by national Democrats
Republicans Are Banking on ‘October Surprise’ to Keep Senate Majority: Report
GOP blasts Virginia amendment as maps could swing delegation to 10-1 Democratic advantage
Sen. Mark Warner Announces the Death of His 36-Year-Old Daughter
Lawyer for American detained in Iran says hostage deal is ‘easiest problem on the table’ for both sides
A look into the controversies surrounding the now-former secretary of labor
ICE Detains Illegal Alien Accused of Murdering His Co-Worker with a Hammer
WATCH: Cory Booker unleashes fiery call for ‘foot soldiers’ at Michigan Dem conference
See also  Virginia redistricting referendum tightens into a dead heat as early voting surges

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