Elizabeth Warren has come out with her new Medicare For All plan which explains how she intends to pay for it without raising taxes on the middle class:
DC EXAMINER – Elizabeth Warren released a long-awaited “Medicare for all” funding plan after coming under pressure by Democratic rivals about how to fund such a system without middle-class tax increases.
The plan, released Friday, would raise $20 trillion in taxes on employers, financial firms, giant corporations, and the top 1% of earners, including by cracking down on tax evasion.
“We don’t need to raise taxes on the middle class by one penny to finance Medicare for All,” Warren, a senator from Massachusetts, said in a Medium post.
The plan estimates workers will send $8.8 trillion over 10 years to the federal government as an “Employer Medicare Contribution.”
20 trillion here, 9 trillion there. And she’s claiming NO tax increase on the middle class….
Does she not realize who works for these employers she plans to raise taxes on into the trillions? The middle class! She may not raise taxes directly on the middle class in her ideal plan, but how many jobs would she kill under this kind of employer tax burden? And as those structures begin to collapse, she’d then be forced to turn around and tax the middle class to pay for this monstrosity.
It would be a disaster and the country’s economy would likely collapse under the weight of it.