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BeyondGeography

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Gender: Male
Hometown: NY
Member since: Tue Dec 30, 2003, 12:41 AM
Number of posts: 35,967

Journal Archives

Elizabeth Warren - Liberty & Justice Dinner, Full Speech

Posted by BeyondGeography | Sat Nov 2, 2019, 07:26 AM (3 replies)

Dem candidates thank Beto

Posted by BeyondGeography | Fri Nov 1, 2019, 06:42 PM (5 replies)

Prognosticator Pete says the race will come down to him and Warren

Posted by BeyondGeography | Fri Nov 1, 2019, 04:27 PM (21 replies)

No Mondale moment: Elizabeth Warren releases her plan to finance 'Medicare for All'

Sen. Elizabeth Warren, D-Mass., released a detailed plan Friday that she says would fully fund a "Medicare for All" bill that would cover every American without premiums or deductibles, while requiring "not one penny in middle-class tax increases."

Warren's campaign estimates her plan would keep combined public and private health spending "just under" $52 trillion over the next ten years, in line with projections under existing law, but would require the federal government to absorb over $20 trillion in spending. It seeks to use efficiency savings generated by Medicare for All to cover the uninsured at a similar total cost and add new benefits for dental, vision and long-term care.

“Medicare for All is about the same price as our current path — and cheaper over time,” Warren said in a Medium letter. “That means the debate isn’t really about whether the United States should pay more or less. It’s about who should pay.”

Warren places most of the revenue burden on businesses and the wealthy. She plans to carry over almost all existing health funding from employers and state governments, while also levying a variety of new taxes on the rich, corporations and high-earning investors — including doubling her signature wealth tax on billionaires.

Warren backs up her revenue and cost estimates with 44 pages of analysis from experts, including former IMF chief economist Simon Johnson, former Obama economic adviser Betsey Stevenson, Moody’s chief economist Mark Zandi, and former Obama-appointed Medicare and Medicaid administrator Dr. Donald Berwick.

...With her own answer now firmly in hand, Warren challenged those Democratic candidates who oppose Medicare For All to “put forward their own plan to cover everyone, without costing the country anything more in health care spending,” adding a final counter: “We need plans, not slogans.”

While Warren’s plan promises “not one penny in middle-class tax increases,” it does assume a reversal of President Donald Trump’s tax cut — a move Warren previously had backed that would raise taxes on some middle income families. Other sources of revenue include raising her wealth tax to 6 percent on fortunes over $1 billion, treating capital gains for the top 1 percent as earned income and requiring taxes to be paid annually, imposing $2.9 trillion in new taxes on corporations and foreign earnings and creating a new 0.1 percent tax on financial transactions.

More at https://www.nbcnews.com/politics/2020-election/elizabeth-warren-releases-her-plan-finance-medicare-all-n1074981
Posted by BeyondGeography | Fri Nov 1, 2019, 08:58 AM (76 replies)
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