in the proximity ofvideo Elizabeth Warren defends $52 trillion price of their Medicare for all plan
Democratic presidential candidate Elizabeth Warren would expenditure the levying of a new tax on ultra-millionaires, new charges for financial transactions, and cut back defense; Peter Doocy reports from Washington.
Democratic presidential candidate Elizabeth Warren defends her “Medicare for all” proposal on Friday in the face of the deep bipartisan skepticism, after her campaign released a detailed plan, which claimed that middle class taxes would have to rise to pay for almost $52 trillion plan.
The plan includes approximately $20 trillion in new government spending over the next ten years, however, claims the money.mainly from taxes on employers, the financial transactions, the ultra-rich and large corporations
“It’s all paid by the top 1% and huge enterprises to a fair contribution,” Warren told reporters during campaign appearances in Des Moines, Iowa, on Friday. “I believe in an America where we have a government that not only work better and better for those at the top, but a government that works for all of us. And ‘Medicare for all” is a part of it.”
HOW Big IS $52 TRILLION? PUTTING WARREN’S” MEDICARE FOR ALL ” PLAN IN SIGHT
Fox News on Friday for the first time published details of the Warren campaign to the health plan. The campaign emphasizes, it would not lead to higher taxes for middle-class families, but funding would be through a variety of new tax increases.
The $52 trillion figure includes existing spending on health care, as well as the new German editions.
But Democratic and Republican rivals pounced, with the expression of doubt about the math.
“The mathematical gymnastics in this plan are all focused on the hiding a simple truth from the voters: it is impossible to pay for “Medicare for All” -without the middle-class tax Democratic presidential increases,” primary rival Joe Biden Deputy campaign Manager Kate Bedingfield said in a statement.
Trump’s campaign communications director Tim Murtaugh blasted Warren’s plan on Friday as a “total disaster.”
“There are 52 trillion reasons why this plan is a total disaster,” Murtaugh told Fox News. “Good luck to the fact checkers, you now have to clean up the mess.”
Nebraska Republican Sen. Ben Sasse released a two-sentence statement, which said in response to the plan: “Hahaha,” Sasse. “This make-believe, that math is crazy.”
The former Iowa democratic Gov. Tom Vilsack said on Friday Warren raising taxes on wealthy Americans to Finance their health care proposal is unrealistic, not to say, “A sliver of the company is to pay for the rest of us.”
Vilsack, who has not endorsed a candidate, says also, it is unlikely that it will happen with enough support in the Senate, such a measure, even if the Democrats in control of the GOP-controlled Senate after the elections of 2020.
Warren’s campaign says she will pay for it, in part, by almost $9 trillion in new Medicare taxes on employers in the next 10 years, with the argument that this would replace, in substance, to what you already pay for employee health insurance. Further, Warren’s campaign says, if you are in danger, under the revenue than the opponent, they could impose prices in a “supplementary employer Medicare contribution” for large companies with “very high Executive remuneration and share buy back.”
Whether some of these costs, however, argue even further in the middle-class employees – such as economists, payroll tax costs are often, remains to be seen. As the Tax Policy Center has noted, it is believed that the “workers of the burden of proof for both the employer and employee shares of social security contributions is wearing.”
Fox News’ Tara Prindiville, Brooke Singman and Judson Berger and The Associated Press contributed to this report.