Warren Says She Won't
Raise Middle Class Taxes For
$52 Trillion Health Care Plan.
Pressures for Warren to explain
how the plan would be funded
have intensified in recent weeks. .
Warren's rise to a frontrunner
position for the 2020 Democratic
presidential nomination prompted her
to release a new outline, explaining the plan.
The cost of the Senator's
single-payer health care plan
would be spread out over a decade.
$20.5 trillion of the costs
include new federal spending.
The plan would eliminate private health care.
It would cover all Americans,
giving everyone “full health coverage,
and coverage for long-term care.”.
Employer Medicare contributions
would rise by $8.8 trillion. Warren's
campaign describes the amount as a
savings of $200 billion for companies.
More stringent enforcement of tax
laws and reform of immigration would
account for more than $2.5 trillion in tax revenue.
Warren also proposes increased
taxes on “the financial sector,
large corporations and the top 1% of
individuals," in order to raise $3.8 trillion.
Warren's plan would double
the tax on wealth exceeding
$1 billion, from 3% to 6%