A new study released by a bipartisan think-tank threw more cold water on Sen. Elizabeth Warren’s ‘Medicare for All’ proposal this week; saying it would be “impossible” to fund the plan by simply raising taxes on the wealthy.
“The report, published by the Committee for a Responsible Federal Budget, examines a variety of potential ways to raise the estimated $30 trillion over 10 years necessary to fund ‘Medicare-for-all,’ including a 32 percent payroll tax, a 25 percent income surtax and a 42 percent value-added tax. These methods could all raise $30 trillion, the report says, but there is no way for the federal government to bring in that much money simply by taxing rich people,” reports Fox News.
“There is not enough annual income available among higher earners to finance the full cost of ‘Medicare-for-All,'” it says. “On a static basis, even increasing the top two income tax rates (applying to individuals making over $204,000 per year and couples making over $408,000 per year) to 100 percent would not raise $30 trillion over a decade.”
How you finance #MedicareForAll matters A LOT.
For example, many option could lift marginal rates to or above revenue-maximizing levels, leaving little tax capacity to fund much of anything else. https://t.co/eIP40nc1N8
— Marc Goldwein (@MarcGoldwein) October 28, 2019
Warren has refused to comment on whether her massive healthcare proposal would ultimately raise taxes on all Americans -including the middle class.
Sen. Bernie Sanders has publicly admitted his plan would raise taxes on all families, but the increased burden would be offset by household savings on co-payments and premiums.
Read then full report at Fox News.
IT’S OFFICIAL: Elizabeth Warren Wants to OUTLAW Private Health Insurance for All Americans
Rising Democratic presidential candidate Elizabeth Warren confirmed Thursday she supports banning private health insurance plans for all Americans; backing Senator Bernie Sanders’ ‘Medicare for All.’
“Who here would abolish private health insurance in favor of a government run plan?” asked MSNBC’s Lester Holt. “Just a show of hands.”
Warren was quick to support the massive entitlement program.
“I’m with Bernie on Medicare for All. Let me tell you why. I spent a big chunk of my life studying why families go broke. One of the number one reasons is the cost of healthcare… That leaves families with rising premiums and rising co-pays,” said Warren.
“Medicare for All solves that problem. I understand there are a lot of politicians who say it’s not possible… What they’re really telling you is they just don’t want to fight for it. Healthcare is a basic human right,” she added.
Warren toured the Homestead Immigration Detention Center in Florida Wednesday where she complained about a lack of emergency border funding; ironically missing a pivotal vote on…emergency border funding.
“There are a lot of different ways that we get in the fight. And one of them is that you show up. I’m at the Homestead detention center today and I hope you’ll be watching,” posted Warren on social media.
There are a lot of different ways that we get in the fight. And one of them is that you show up. I'm at the Homestead detention center today and I hope you'll be watching. https://t.co/vzXqUlaiIM
— Elizabeth Warren (@ewarren) June 26, 2019
— Elizabeth Landers (@ElizLanders) June 26, 2019
Instead of making it to the Senate vote on emergency border funding at 2pm, Elizabeth Warren is holding a photo op outside the Homestead Detention Center in Florida to talk about…
[you guessed it]
the need for emergency border funding.pic.twitter.com/ni2o5QPd9k
— Caleb Hull (@CalebJHull) June 26, 2019
“Democratic Massachusetts Sen. Elizabeth Warren missed Wednesday’s border-funding vote because she was outside Homestead migrant detention facility in Florida, complaining about the crisis at the border,” reports the Daily Caller.
Warren toured the Homestead Immigration Detention Center in Florida Wednesday; calling the facility a “stain on our country” while failing to mention the complex was opened by former President Obama in 2015.
“What is happening at Homestead to children, what is happening is a direct result of activities of the United States government. It’s wrong. It’s a stain on our country and we must speak out. We speak out as a people, we speak out as moral citizens, not just of the United States but of the world,” said Warren.
NOT A JOKE: Ocasio-Cortez Says US Healthcare Already ‘Rationed’ Because People Have to Pay For It
Congresswoman Alexandria Ocasio-Cortez continued her calls for a universal healthcare system throughout the USA Tuesday; strangely suggesting Americans already “ration” their medical expenses because they have to pay for it.
“GOP often cries that guaranteeing healthcare in the US will force us to ‘ration’ it. Thing is, we’re rationing care NOW. People wait too long to see a doctor, if they go at all, bc they can’t afford paying cash or bc their insurance is too pricey,” tweeted Ocasio-Cortez.
GOP often cries that guaranteeing healthcare in the US will force us to “ration” it.
Thing is, we’re rationing care NOW. People wait too long to see a doctor, if they go at all, bc they can’t afford paying cash or bc their insurance is too pricey.
— Alexandria Ocasio-Cortez (@AOC) July 16, 2019
AOC is a vocal supporter of Sen. Bernie Sanders’ Medicare for All system; a program that would completely eliminate private insurance plans for all Americans.
Sanders offered a one-word answer when pressed on his controversial Medicare for All program last Thursday; confirming no one in America should be able to keep their private insurance.
“I’m a math teacher and I love polling data… Based on recent polling, Democratic voters, more than half of them prefer to keep their private health insurance. If Medicare for All was an option, would you give them that choice?” asked a member of the audience.
“Nope,” said Sanders.
— RNC Research (@RNCResearch) July 12, 2019
Recent polling showed a major shake-up in the Democratic primary process this week, with Senator Elizabeth Warren surpassing Bernie Sanders for the second-place spot just behind former Vice President Joe Biden.
“The NBC News/Wall Street Journal survey found that 26 percent of likely primary voters support Biden, while 19 percent support Warren. Trailing those two are Sens. Kamala Harris (D-Calif.) and Bernie Sanders(I-Vt.), who are each backed by 13 percent,” reports The Hill.
“The only other contenders who receive support from more than 1 percent of voters are South Bend, Ind., Mayor Pete Buttigieg with 7 percent, former Texas Rep. Beto O’Rourke with 2 percent and former tech executive Andrew Yang with 2 percent,” adds the site.