Warren Adviser: Tax Plan ‘Not Enough’ To Cover Medicare For All – IOTW Report

Warren Adviser: Tax Plan ‘Not Enough’ To Cover Medicare For All

WFB:

One of Sen. Elizabeth Warren’s (D., Mass.) top economic advisers acknowledged Wednesday that the senator doesn’t have a sufficient tax plan to pay for her proposed single-payer health care system.

“Her taxes as they currently exist are not enough yet to cover fully replacing health insurance,” University of California, Berkeley economics professor Emmanuel Saez, who helped develop Warren’s “wealth tax” proposal, told Bloomberg News.

Warren’s campaign claims to have proposed about $7.3 trillion in tax increases, enough to pay for an agenda it projects will cost about $6 trillion. However, with Medicare for All costing more than $3 trillion a year, experts across the spectrum told Bloomberg the math means she would have to raise middle-class tax rates as well.

“She is offering a Medicare for All plan and not offering even close to enough to pay for it,” the Tax Foundation’s Kyle Pomerleau told Bloomberg. “One place she hasn’t gone yet is raising the existing individual income tax for top earners.”

Warren drew criticism from fellow 2020 candidates at Tuesday’s debate for being evasive about whether she would hike middle-class taxes to pay for Medicare for All. The program is projected to cost more than $30 trillion over the next decade, and according to Warren would ultimately eliminate private health insurance plans. read more

7 Comments on Warren Adviser: Tax Plan ‘Not Enough’ To Cover Medicare For All

  1. try to remember, kids … the whole point of all the D-rats ‘healthcare’ plans is to achieve Single-Payer … all else is a distraction

    that’s the goal … nothing more … nothing less

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  2. Left-collectivists such as she are, no, not unwilling, but incapable of grasping the concept of “enough money”. Built into their whole belief system, their fundamental makeup, is the never to be examined premise that productive people will always produce and that such behavior will not change even when everything is taken away from them.

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  3. Socialism has to beat down the middle class, to kill Capitalism. The middle class with money to spend drives Capitalism, Growth, and Patriotism.

    The best way to make something “worthless”, is to make it free.

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  4. Charge the illegals admission, instead of letting them in the country for free, Tatonka.
    Sheesh, One would think the Big Brain of the party of tax & waste woulda thought of that!

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