Elizabeth Warren released $52 trillion “Medicare for All” plan, claims “won’t raise taxes one penny on middle class”

by Daniel Payne · Nov 1st, 2019 2:23 pm
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Last Updated Nov 19th, 2019 at 4:18 pm

Democratic presidential candidate Elizabeth Warren has announced her long-awaited Medicare for All plan, a proposal that would cost a staggering $52 trillion over the next decade and which she swears will not result in higher taxes on the middle class.

On her website, Warren claims that the plan will actually be comparable to what the country would already spend on Medicare over the next 10 years, except that “every person in America” will have comprehensive health care.

Warren said that the new system would be paid for by “targeted spending cuts, new taxes on giant corporations and the richest 1% of Americans, and by cracking down on tax evasion and fraud.”

🔦 A recent bipartisan report determined that, even if the rich were taxed at a 100 percent rate over the next decade, funding for Medicare-for-All could not be achieved solely through taxing high earners.