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.


Kansas Senate rivals distance themselves from party leaders in fiery debate
Omar Wouldn’t Say For Sure Her Ex-Husband Wasn’t Her Brother: ‘Not to My Knowledge’
Omar Wouldn’t Say For Sure Her Ex-Husband Wasn’t Her Brother: ‘Not to My Knowledge’
Mass firings vow sparks clash with Klobuchar over Walz fraud legacy
Trump dominates El-Sayed’s attacks against Rogers, but GOP rival offers unexpected policy split
Trump warns Democrats ‘want to burn it all down’ in South Carolina pitch
Abdul el Sayed, Mike Rogers clash over MAGA, Muslim Brotherhood in final Michigan Senate debate
ICE crackdown divides swing state candidates as GOP nominee vows to mandate sheriff cooperation
Florida attorney accused of threatening to shoot ICE agents while trying to buy gun
Did Vivek Ramaswamy Go Too Far? Some Republicans Object as He Doubles Down on Controversial Attack Ad
Is ‘Ilhan Omar’ a Fake Name? New Court Filing Identifying Omar’s Alias Has Americans Questioning Her Real Name
El-Sayed erupts at GOP rival over Muslim Brotherhood accusations in fiery Senate debate
California Driver Crashed While Watching X-Rated Content – Police Say She Killed a Retired Sunday School Teacher
DOJ urged to investigate Slotkin over threats to young professionals seeking work in Trump administration
Retired NYPD detective charged with murder in George Washington Bridge shooting of Con Ed worker: officials
See also  When purity politics runs its course: Even the most strident DSA politicians must learn to compromise

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.


Kansas Senate rivals distance themselves from party leaders in fiery debate
Omar Wouldn’t Say For Sure Her Ex-Husband Wasn’t Her Brother: ‘Not to My Knowledge’
Omar Wouldn’t Say For Sure Her Ex-Husband Wasn’t Her Brother: ‘Not to My Knowledge’
Mass firings vow sparks clash with Klobuchar over Walz fraud legacy
Trump dominates El-Sayed’s attacks against Rogers, but GOP rival offers unexpected policy split
Trump warns Democrats ‘want to burn it all down’ in South Carolina pitch
Abdul el Sayed, Mike Rogers clash over MAGA, Muslim Brotherhood in final Michigan Senate debate
ICE crackdown divides swing state candidates as GOP nominee vows to mandate sheriff cooperation
Florida attorney accused of threatening to shoot ICE agents while trying to buy gun
Did Vivek Ramaswamy Go Too Far? Some Republicans Object as He Doubles Down on Controversial Attack Ad
Is ‘Ilhan Omar’ a Fake Name? New Court Filing Identifying Omar’s Alias Has Americans Questioning Her Real Name
El-Sayed erupts at GOP rival over Muslim Brotherhood accusations in fiery Senate debate
California Driver Crashed While Watching X-Rated Content – Police Say She Killed a Retired Sunday School Teacher
DOJ urged to investigate Slotkin over threats to young professionals seeking work in Trump administration
Retired NYPD detective charged with murder in George Washington Bridge shooting of Con Ed worker: officials
See also  When purity politics runs its course: Even the most strident DSA politicians must learn to compromise

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.


Kansas Senate rivals distance themselves from party leaders in fiery debate
Omar Wouldn’t Say For Sure Her Ex-Husband Wasn’t Her Brother: ‘Not to My Knowledge’
Omar Wouldn’t Say For Sure Her Ex-Husband Wasn’t Her Brother: ‘Not to My Knowledge’
Mass firings vow sparks clash with Klobuchar over Walz fraud legacy
Trump dominates El-Sayed’s attacks against Rogers, but GOP rival offers unexpected policy split
Trump warns Democrats ‘want to burn it all down’ in South Carolina pitch
Abdul el Sayed, Mike Rogers clash over MAGA, Muslim Brotherhood in final Michigan Senate debate
ICE crackdown divides swing state candidates as GOP nominee vows to mandate sheriff cooperation
Florida attorney accused of threatening to shoot ICE agents while trying to buy gun
Did Vivek Ramaswamy Go Too Far? Some Republicans Object as He Doubles Down on Controversial Attack Ad
Is ‘Ilhan Omar’ a Fake Name? New Court Filing Identifying Omar’s Alias Has Americans Questioning Her Real Name
El-Sayed erupts at GOP rival over Muslim Brotherhood accusations in fiery Senate debate
California Driver Crashed While Watching X-Rated Content – Police Say She Killed a Retired Sunday School Teacher
DOJ urged to investigate Slotkin over threats to young professionals seeking work in Trump administration
Retired NYPD detective charged with murder in George Washington Bridge shooting of Con Ed worker: officials
See also  When purity politics runs its course: Even the most strident DSA politicians must learn to compromise

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