One of Sen. Elizabeth Warrenâs (D., Mass.) top economic advisers acknowledged Wednesday that the senator doesnât have a sufficient tax plan to pay for her proposed single-payer health care system.
âHer taxes as they currently exist are not enough yet to cover fully replacing health insurance,â University of California, Berkeley economics professor Emmanuel Saez, who helped develop Warrenâs âwealth taxâ proposal, told Bloomberg News.
Warrenâs campaign claims to have proposed about $7.3 trillion in tax increases, enough to pay for an agenda it projects will cost about $6 trillion. However, with Medicare for All costing more than $3 trillion a year, experts across the spectrum told Bloomberg the math means she would have to raise middle-class tax rates as well.
âShe is offering a Medicare for All plan and not offering even close to enough to pay for it,â the Tax Foundationâs Kyle Pomerleau told Bloomberg. âOne place she hasnât gone yet is raising the existing individual income tax for top earners.â
Warren Economics Adviser Admits Her Tax Plan Won't Cover Medicare For All
Sheâs not even bright enough to spout the âWeâll just tax the rich!â BS.
âHer taxes as they currently exist are not enough yet to cover fully replacing health insurance,â University of California, Berkeley economics professor Emmanuel Saez, who helped develop Warrenâs âwealth taxâ proposal, told Bloomberg News.
Warrenâs campaign claims to have proposed about $7.3 trillion in tax increases, enough to pay for an agenda it projects will cost about $6 trillion. However, with Medicare for All costing more than $3 trillion a year, experts across the spectrum told Bloomberg the math means she would have to raise middle-class tax rates as well.
âShe is offering a Medicare for All plan and not offering even close to enough to pay for it,â the Tax Foundationâs Kyle Pomerleau told Bloomberg. âOne place she hasnât gone yet is raising the existing individual income tax for top earners.â
Warren Economics Adviser Admits Her Tax Plan Won't Cover Medicare For All
Sheâs not even bright enough to spout the âWeâll just tax the rich!â BS.