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.


Wisconsin Dem’s bar laments ‘we almost got free beer day’ for Trump assassination
At Least 4 Christian Farmers Gunned Down in Their Fields by Motorcycle Mounted Islamists in Nigeria
WHCD shooting suspect planned to target Trump officials, manifesto reveals
Breaking: WHCD Gunman Manifesto, Social Accounts Found – He Targeted Trump, Was a ‘No Kings’ Rally Attendee
White House Correspondents’ Dinner suspect checked into Hilton hotel one day before the shooting: sources
Son warns suspected killer may ‘get away with murder’ after conviction tossed in mom’s execution-style slaying
CNN Journo Called Trump ‘a Guy Who Wants Us Dead’ Minutes Before Correspondents’ Dinner Shooting
Trump faces unprecedented third assassination attempt
Flashback: When a Magnificent Cathedral Was Torched by an African Illegal Who Murdered a Priest He Lived With
Mass shooting near Indiana University injures 9, no arrests made yet
Trump’s DC beautification push wins rare Dem praise as president snaps landmarks back to life
White House Correspondents’ Dinner shooting sharpens focus on Trump’s ballroom construction proposal
Navy Sends Robots to Take Out Iranian Mines in Strait of Hormuz: Several Successful Detonations Already Reported
WHCD Shooter Was California Teacher Once Praised as ‘Teacher of the Month’
House lawmakers to watch as GOP leadership tries to pass FISA extension
See also  DOJ drops investigation into Jerome Powell, clearing way for Trump Fed pick Kevin Warsh

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.


Wisconsin Dem’s bar laments ‘we almost got free beer day’ for Trump assassination
At Least 4 Christian Farmers Gunned Down in Their Fields by Motorcycle Mounted Islamists in Nigeria
WHCD shooting suspect planned to target Trump officials, manifesto reveals
Breaking: WHCD Gunman Manifesto, Social Accounts Found – He Targeted Trump, Was a ‘No Kings’ Rally Attendee
White House Correspondents’ Dinner suspect checked into Hilton hotel one day before the shooting: sources
Son warns suspected killer may ‘get away with murder’ after conviction tossed in mom’s execution-style slaying
CNN Journo Called Trump ‘a Guy Who Wants Us Dead’ Minutes Before Correspondents’ Dinner Shooting
Trump faces unprecedented third assassination attempt
Flashback: When a Magnificent Cathedral Was Torched by an African Illegal Who Murdered a Priest He Lived With
Mass shooting near Indiana University injures 9, no arrests made yet
Trump’s DC beautification push wins rare Dem praise as president snaps landmarks back to life
White House Correspondents’ Dinner shooting sharpens focus on Trump’s ballroom construction proposal
Navy Sends Robots to Take Out Iranian Mines in Strait of Hormuz: Several Successful Detonations Already Reported
WHCD Shooter Was California Teacher Once Praised as ‘Teacher of the Month’
House lawmakers to watch as GOP leadership tries to pass FISA extension
See also  Republicans Cline and Presler rally against Virginia redistricting vote

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.


Wisconsin Dem’s bar laments ‘we almost got free beer day’ for Trump assassination
At Least 4 Christian Farmers Gunned Down in Their Fields by Motorcycle Mounted Islamists in Nigeria
WHCD shooting suspect planned to target Trump officials, manifesto reveals
Breaking: WHCD Gunman Manifesto, Social Accounts Found – He Targeted Trump, Was a ‘No Kings’ Rally Attendee
White House Correspondents’ Dinner suspect checked into Hilton hotel one day before the shooting: sources
Son warns suspected killer may ‘get away with murder’ after conviction tossed in mom’s execution-style slaying
CNN Journo Called Trump ‘a Guy Who Wants Us Dead’ Minutes Before Correspondents’ Dinner Shooting
Trump faces unprecedented third assassination attempt
Flashback: When a Magnificent Cathedral Was Torched by an African Illegal Who Murdered a Priest He Lived With
Mass shooting near Indiana University injures 9, no arrests made yet
Trump’s DC beautification push wins rare Dem praise as president snaps landmarks back to life
White House Correspondents’ Dinner shooting sharpens focus on Trump’s ballroom construction proposal
Navy Sends Robots to Take Out Iranian Mines in Strait of Hormuz: Several Successful Detonations Already Reported
WHCD Shooter Was California Teacher Once Praised as ‘Teacher of the Month’
House lawmakers to watch as GOP leadership tries to pass FISA extension
See also  Man charged security checkpoint and shot Secret Service agent at White House correspondents’ dinner: Trump

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