BAD MATH: Elizabeth Warren says 52 TRILLION dollar plan won't raise Middle Class taxes

  • 11/01/2019 12:00 AM
  • CNBC


Sen. Elizabeth Warren pledged Friday not to raise middle class taxes to fund her “Medicare for All” plan, responding to pressure she faced as she emerged as one of the frontrunners for the 2020 Democratic presidential nomination.
In a new outline, Warren’s campaign said her single-payer health care plan would cost the country “just under” $52 trillion over a decade, which includes $20.5 trillion in new federal spending. It estimates the proposal would cost just less than the estimated $52 trillion in spending for the current system over 10 years.

The Massachusetts Democrat’s campaign said her plan would give every American “full health coverage, and coverage for long-term care.” It added that it would do so with “not one penny in middle-class tax increases” — a response to criticism from rivals such as South Bend, Ind. Mayor Pete Buttigieg. 

As she saw her support swell in both national and early state polls in recent weeks, the 2020 presidential candidate faced more pressure about how she would fund a single-payer, government run health care system. While she had not yet answered specifically whether her plan would hike taxes on middle class Americans, she has repeatedly said it would cut costs by reducing spending on health care. 

Warren’s campaign says it will shift the burden of most health care costs from consumers, in the form of spending such as premiums, deductibles and co-pays, to federal and state governments and employers. Here are the methods Warren’s campaign outlines to cover the plan’s costs, in terms of both reducing spending and raising money:



Read More...
 

 Read more at CNBC

Current News

ICYMI: Trump Civil Fraud Trial Bond Cut by 68% to $175 Million

ICYMI: Trump Civil Fraud Trial Bond Cut by 68% to $175 Million

Trump was initially ordered to pay nearly $545 million bond. Former president has 10 days to post the reduced bond.  Read more

Jordan, Comer threaten Garland with contempt over Hur materials

House Judiciary Committee Chair Jim Jordan (R-Ohio) and House Oversight and Accountability Committee Chair James Comer (R-Ky.) are threatening to hold Attorney General Merrick Garland in contempt of Congress if he does not hand over materials pertaining to special counsel Robert Hur’s investigation into President Biden’s handling of classified documents.  Read more

Bohemian Grove member says he has never seen Donald Trump there, has seen Barack Obama and Bill Clinton

Bohemian Grove member says he has never seen Donald Trump there, has seen Barack Obama and Bill Clinton

America First journalist and investigator, Kyle Undercover, interviewed a member of Bohemian Grove by filming with a hidden camera.  Read more

The Feds Can Film Your Front Porch for 68 Days Without a Warrant, Says Court

The Feds Can Film Your Front Porch for 68 Days Without a Warrant, Says Court

A federal court says your privacy is diminished due to the proliferation of video cameras throughout society.  Read more

AOC asks Tony Bobulinski what crimes he’s seen Joe Biden commit and he fires back with THREE allegations

AOC asks Tony Bobulinski what crimes he’s seen Joe Biden commit and he fires back with THREE allegations

Former Hunter Biden associate Tony Bobulinski said he believes he has witnessed Joe Biden commit crimes in a fiery moment of Wednesday’s impeachment hearing.  Read more

CLEAN SWEEP: President Trump wins all 5 Republican Primary states on Super Tuesday

In a sweeping victory, President Donald J. Trump won all five of the states that held Republican Presidential primary elections on Tuesday, March 19.  Read more