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Warren calls for nearly $9 trillion tax on employers to fund ‘Medicare for all’

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This is outrageous. The economically illiterate Elizabeth Warren is clearly living in an alternate universe. Warren does not understand that American employers will either slash their workforce to cover her theft, or simply close down and move their operations out of the United States. President Trump has given America the strongest economy in history. A President Warren would give America another  Great Depression. There is not a greater threat to the United States than the Democrat Party. America is literally on the line in 2020.

Warren calls for nearly $9 trillion tax on employers to fund ‘Medicare for all’

The Washington Examiner, November 11, 2019:

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, published Friday, would raise $20 trillion in taxes on employers, financial firms, giant corporations, and the top 1% of earners, including raising $2.3 trillion by cracking down on tax evasion. The estimate from the Warren campaign, that the federal government will need to spend $20 trillion more to get “Medicare for all,” is $14 trillion lower than many outside analysts have predicted.

Warren says she can get there through savings over time with lower administrative costs, paying providers less, and by redirecting health care spending from state governments, even though other estimates that take these changes into account disagree with that conclusion.

“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 detailing her payment plan. Instead, she estimates that because people will no longer be contributing to premiums in their paychecks, they’ll be taking home more money and that would in turn help raise $1.4 trillion.

 

Elizabeth Warren Wants To Pay for Medicare for All With a $9 Trillion Tax That Will Hit the Middle Class

Warren says it’s not a tax. But what else would you call a requirement that employers send money to the federal government to finance a public program?

By Reason, November 11, 2019:

For months, Sen. Elizabeth Warren (D—Mass.) has hedged on the question of whether she would raise middle class taxes to pay for Medicare for All, the single-payer health care plan she says she supports. Warren has stuck with a talking point about total costs, saying that the middle class would pay less, while critics, political rivals, and even liberal economists friendly to single payer have argued that the enormous additional government spending required by such a plan would inevitably hit the middle class.

Today, Warren released a plan to finance Medicare for All at a total price tag of nearly $52 trillion, including about $20 trillion of new government spending (an estimate that is probably low). Although her plan declares that no middle-class taxes will be necessary to finance the system, it includes what is effectively a new tax on employers that would undoubtedly hit middle-class Americans.

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