Politics: Warren’s $52T 'Medicare-for-all' plan revealed: Campaign still claims no middle-class tax hikes needed - - PressFrom - US
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Politics Warren’s $52T 'Medicare-for-all' plan revealed: Campaign still claims no middle-class tax hikes needed

12:55  01 november  2019
12:55  01 november  2019 Source:   foxnews.com

Elizabeth Warren’s Untenable Plans

  Elizabeth Warren’s Untenable Plans She denies or ignores the huge price tags that should be attached to her proposals.If you’ve been having trouble finding someone to walk your dog, don’t worry. Any day now, Elizabeth Warren will announce “a plan for that.” It will undoubtedly be comprehensive, detailed, and replete with subsidies for lower- and middle-class dog walkers and underserved breeds. It will cost tens of billions of dollars and will receive widespread positive notice from the media. However, to judge by her other recent plans, the one thing it won’t include is any discussion of how she plans to pay for it.

Bernie Sanders introducing ‘ Medicare for All ’, Washington, April 9. Raising the more than trillion needed to fund Sanders’ s health plan over a decade would require doubling all Warren has taken the opposite tactic. She’ s proposed two large new levies -- an annual wealth tax on households worth

"For middle - class families, costs — total costs — will go down." This exchange encapsulated one of the biggest arguments in tonight' s debate over This debate over middle - class taxes is not particular to Sanders and Warren ; Kamala Harris' new health plan , which she calls her version of Medicare for

EXCLUSIVE: Democratic presidential candidate Elizabeth Warren’s long-awaited "Medicare-for-all" funding plan projects the government-run health care system would cost a staggering sum of "just under $52 trillion" over the next decade, with the campaign proposing a host of new tax increases to pay for it while still claiming the middle class would not face any additional burden.

“We don’t need to raise taxes on the middle class by one penny to finance Medicare for All,” Sen. Warren, D-Mass., said in her plan—a copy of which was obtained by Fox News.

Warren health care plan pledges no middle class tax increase

  Warren health care plan pledges no middle class tax increase Elizabeth Warren is promising to spend more than $20 trillion over the next decade to provide government-funded health care to every American without raising middle class taxes. The stakes are high since Warren spent weeks, and two straight Democratic presidential primary debates, refusing to provide a straight answer on if she'd have to increase middle class to pay for her "Medicare for All" plan.

“Costs will go up for the wealthy, for corporations,” she said. “But for middle - class families, it will go down.” Creating a 42 percent value-added tax would also raise the trillion needed to fund To finance the full cost of Medicare - for - all without hiking taxes , the government would need to cut the

The remaining claims against Walgreens could be combined with other pending lawsuits the counties have brought against pharmacies. “Sanders was articulating a more politically cautious position than fellow progressive Elizabeth Warren , another Medicare for All advocate who has built momentum in

Some of Warren’s rivals for the nomination are unlikely to buy that claim, after having repeatedly challenged her assertions that the middle class would not be hit by tax hikes and suggesting she has not been upfront with voters.

The campaign's detailed Medicare-for-all proposal, however, insists that the costs can be covered by a combination of existing federal and state spending on Medicare and Medicaid, as well as roughly $20 trillion in taxes on employers, financial transactions, the ultra-wealthy, large corporations and more. This includes what is essentially a payroll tax increase on employers, something economists generally say can hit workers in the form of reduced wages.

Like Medicare-for-all’s chief Senate champion, fellow candidate Bernie Sanders, the Warren campaign argues that many of these costs already are being spent in the existing health care system by governments, employers and individuals in the form of premiums, deductibles and other expenses.

Warren defends ‘Medicare-for-all’ math, as funding plan faces bipartisan fire

  Warren defends ‘Medicare-for-all’ math, as funding plan faces bipartisan fire Democratic presidential candidate Elizabeth Warren defended her "Medicare-for-all" proposal Friday in the face of deep bipartisan skepticism, after her campaign released a detailed plan that claimed middle-class taxes would not have to rise in order to pay for the nearly $52 trillion plan. © Provided by Fox News Network LLCThat plan includes roughly $20 trillion in new federal spending over the next decade but claims the money can come largely from taxes on employers, financial transactions, the ultra-wealthy and large corporations.

Sanders campaign officials did not immediately respond to requests for comment on Biden camp' s reaction to his CNBC interview. Sanders was articulating a more politically-cautious position than fellow progressive Elizabeth Warren , another Medicare for All advocate who has built momentum in the

The Committee for a Responsible Federal Budget is the latest group to take a stab at answering the big question looming over the Medicare - for - All debate — and Elizabeth Warren ’ s presidential campaign : How to finance a transition that would shift essentially all private health-care costs to the federal.

The Warren campaign claims those individual costs would drop to “practically zero,” while the plan maintains and boosts a funding pipeline from other sources. However, unlike Sanders’ plan, Warren’s projects no burden for the middle class and a price tag of "just under $52 trillion" over the next 10 years, or slightly less than cost projections for the current system. Sanders’ plan has been estimated to cost roughly $32 trillion, though that price tag reflects additional spending while Warren's seems to factor in current spending as well.

So how would she pay for it?

Elizabeth Warren in a blue shirt© Provided by Fox News Network LLC

Among other proposals, Warren calls for bringing in nearly $9 trillion in new Medicare taxes on employers over the next 10 years, arguing this would essentially replace what they’re already paying for employee health insurance. Further, Warren’s campaign says if they are at risk of falling short of the revenue target, they could impose a “Supplemental Employer Medicare Contribution” for big companies with “extremely high executive compensation and stock buyback rates.”

Warren's big healthcare plan relies on big assumptions

  Warren's big healthcare plan relies on big assumptions Democratic presidential candidate Elizabeth Warren's plan for universal healthcare rests on an assumption she can radically change an industry the size of Germany's entire economy without new costs for the average taxpayer. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.

It could fund any Medicare for All plan with the push of a computer key. 2. Unlike state and local government deficits, the federal deficit and federal It’ s possible that Medicare for All would cover health care for more people at a lower total cost than we spend now, meaning the average cost per

Elizabeth Warren ’ s plans for single-payer health care. “But for middle - class families, it will go down.” According to a new paper released by the Committee for a Responsible Federal Budget on Monday, there Another option for Warren is to double all individual and corporate income tax rates.

Whether some of those costs, however, still could be passed on to middle-class employees -- as economists argue payroll tax costs often are -- remains to be seen. As the Tax Policy Center has noted, it is assumed the "employee bears the burden of both the employer and employee portions of payroll taxes."

Warren also proposes even more taxes on the ultra-rich, expanding on her previously announced signature wealth tax, to tax more of anyone’s net worth over $1 billion (estimated to raise another $1 trillion). Warren also calls for raising capital gains tax rates for the wealthy, taxing more foreign earnings and imposing a tax on financial transactions to generate $800 billion in revenue.

Aside from those and other taxes, the campaign claims they can scrounge up $2.3 trillion with better tax enforcement and policies, as well as additional funds by reining in defense spending.

“When fully implemented, my approach to Medicare for All would mark one of the greatest federal expansions of middle class wealth in our history,” Warren said in her plan. “And if Medicare for All can be financed without any new taxes on the middle class, and instead by asking giant corporations, the wealthy, and the well-connected to pay their fair share, that’s exactly what we should do.”

Candidates spar over health care at key Iowa event

  Candidates spar over health care at key Iowa event The event came after Elizabeth Warren unveiled her much-anticipated proposal to pay for Medicare for All​.The event came after Senator Elizabeth Warren unveiled her much-anticipated proposal to pay for Medicare for All earlier on Friday. She claims she can fund the plan without raising taxes on middle-class Americans "by one penny.

Hillary Clinton’ s tax plan would raise taxes on middle-income Americans. An eventually inoperative story about Clinton’ s envisioning a middle - class tax hike endured for days because she, her running mate, and Turkey claims that it will punish the Syrian Kurds for a variety of supposed provocations, including Medicare - for - All Won’t Fix the Broken Hospital System. The American Conservative.

(Bloomberg) -- Democratic presidential contenders divided sharply on Tuesday over whether middle - class taxes would have to increase to pay for a government-run health care system known as “ Medicare for All .”Senators Bernie Sanders and Elizabeth Warren -- two of the most ardent

Former special ops sniper Ryan Cleckner reacts to Warren's gun control plan.© FoxNews.com Former special ops sniper Ryan Cleckner reacts to Warren's gun control plan.

Warren has been teasing this plan for weeks, especially after some of her rivals hammered her campaign on the financing issue during the last primary debate.

"Your signature, senator, is to have a plan for everything except this," South Bend, Ind., Mayor Pete Buttigieg memorably said during last month's Democratic primary debate.

“No plan has been laid out to explain how a multitrillion-dollar hole in this Medicare-for-all plan that Senator Warren is putting forward is supposed to get filled in,” he charged.

Sen. Amy Klobuchar, D-Minn., also slammed Warren during that debate, saying “at least Bernie’s being honest here in saying how he’s going to pay for this and that taxes will go up. And I’m sorry, Elizabeth, but you have not said that and I think we owe it to the American people to tell them where we’re going to send the invoice.”

Sanders has openly said taxes will increase “for virtually everybody" but argued the system will ultimately cost less than what workers currently pay for premiums and other expenses.

The Warren campaign’s insistence that the middle class will be spared any such costs is likely to face sustained skepticism in the Democratic primary field.

Joe Biden slams Elizabeth Warren's 'wrong presidential primary' comment as elitist

  Joe Biden slams Elizabeth Warren's 'wrong presidential primary' comment as elitist Joe Biden slammed Elizabeth Warren as out of touch after she accused him of running in the "wrong presidential primary," writing in a Medium post on Tuesday that such attacks are "condescending to the millions of Democrats who have a different view."Joe Biden slammed Elizabeth Warren as out of touch after she accused him of running in the "wrong presidential primary," writing in a Medium post on Tuesday that such attacks are "condescending to the millions of Democrats who have a different view.

"Outnumbered' debates Warren ' s ' Medicare - for - All ' plan . Warren , D-Mass., has been asked repeatedly on the campaign trail about whether the middle class will have to pay No plan has been laid out to explain how a multitrillion-dollar hole in this Medicare - for - all plan that Senator Warren is

Although support for Medicare - for - all is growing, the proposal also receives plenty of criticism. "The arguments we've found that resonate are that it would give When Sanders first introduced his bill, he argued that most Americans would find any tax hikes offset by savings on household health-care costs.

BUTTIGIEG SLAMS WARREN OVER MEDICARE-FOR-ALL

Buttigieg reprised his criticism this week, telling Fox News that his concern about Warren’s plan “is not just the multi-trillion-dollar hole, but also the fact that most Americans would prefer not to be told that they have to abandon their private plan.”

One Emory University health care expert recently told The Washington Post "there’s no question" a Medicare-for-all plan "hits the middle class" in some way. A new study released by the bipartisan Committee for a Responsible Federal Budget also noted it would be "impossible" to finance any such plan using only taxes on the wealthiest Americans.

Aside from the cost issues, Warren did appear to acknowledge this week that Medicare-for-all could result in substantial job losses, calling it “part of the cost issue” when confronted with an estimate that nearly 2 million jobs could be shed.

During that same interview with New Hampshire Public Radio, Warren vowed that she would “not sign any legislation into law for which costs for middle-class families do not go down.”

The tax proposals by Elizabeth Warren are simply not realistic .
The combined costs of her various proposals would amount to an unrealistic amount of money.Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of MSN or Microsoft.

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