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HerbChestnut

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Member since: Fri Jul 24, 2015, 01:17 AM
Number of posts: 3,649

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Full Text of the Medicare for All Bill

As promised.

https://www.congress.gov/bill/116th-congress/senate-bill/1129/text

One user is bumping old Pro-Biden threads, so here's a new Pro-Bernie and Pro-Elizabeth thread.

Both are great candidates funded by grassroots organizations and regular people. Links to their web pages below.

https://berniesanders.com/

https://elizabethwarren.com/

Bernie's feelin' it.

https://twitter.com/BernieSanders/status/1187805239723859968?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1187805239723859968&ref_url=https%3A%2F%2Fwww.redditmedia.com%2Fmediaembed%2Fdn21q2%3Fresponsive%3Dtrue%26is_nightmode%3Dfalse

Oh no. Joe compares Bernie and Elizabeth to Trump on M4A.

We don't need this.

https://www.commondreams.org/news/2019/10/17/supporting-medicare-all-biden-accuses-sanders-and-warren-playing-trumps-game-and?fbclid=IwAR3lsJkVPwzT366EeOji6VPYxHAbG_1ewVIH6CxAbyNwuk5P4U-i9OTXX8Y

Link to the video:

https://twitter.com/ibrahimpols/status/1184605935848841219?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1184605935848841219&ref_url=https%3A%2F%2Fwww.commondreams.org%2Fnews%2F2019%2F10%2F17%2Fsupporting-medicare-all-biden-accuses-sanders-and-warren-playing-trumps-game-and

For reference, here's some possible financing options. Of course, nothing is finalized and these are subject to change:

A 70 percent top marginal tax rate on Americans earning over $10 million per year;
A 77 percent top tax rate on estates above $1 billion;
A tax on "extreme wealth";
A "fee on large financial institutions";
A "7.5 percent income-based premium paid by employers, exempting the first $2 million in payroll to protect small businesses"; and
A four percent "income-based premium paid by employees, exempting the first $29,000 in income for a family of four."

Source: https://www.commondreams.org/news/2019/04/10/how-will-you-pay-it-bernie-sanders-tackles-key-question-medicare-all

And before you say OmG cOmMoN dReAmS!!1!1 please acknowledge Biden's own words.

Medicare for All - Full Text of the Bill

Since there's still so much confusion on what exactly Medicare for All does, partly thanks to some of our Democratic candidates, I'll be posting a link to the full text of the bill from time to time. Happy reading.

https://www.congress.gov/bill/116th-congress/senate-bill/1129/text

So proud of Bernie

He's been great tonight.

Sanders Campaign releases plan for Tax on Extreme Wealth

Only applies to those with a net worth of $32million or higher for married couples and $16million or higher for singles. Would fund his plan for affordable housing and universal childcare and would put a good dent into medicare for all. Full text at the link.

https://berniesanders.com/issues/tax-extreme-wealth/

How the Tax on Extreme Wealth Would Work

This tax on extreme wealth would have a progressive rate structure that would only apply to the wealthiest 180,000 households in America who are in the top 0.1 percent.

It would start with a 1 percent tax on net worth above $32 million for a married couple. That means a married couple with $32.5 million would pay a wealth tax of just $5,000.

The tax rate would increase to 2 percent on net worth from $50 to $250 million, 3 percent from $250 to $500 million, 4 percent from $500 million to $1 billion, 5 percent from $1 to $2.5 billion, 6 percent from $2.5 to $5 billion, 7 percent from $5 to $10 billion, and 8 percent on wealth over $10 billion. These brackets are halved for singles.

Under this plan, the wealth of billionaires would be cut in half over 15 years which would substantially break up the concentration of wealth and power of this small privileged class.

Under current law, the IRS is already required to assess the net worth of the wealthiest Americans when they pass away, to calculate estate tax liability. A federal wealth tax would require the IRS to make the same assessment on an annual basis for the wealthiest Americans. Steps would also be taken to streamline the process for purposes of the wealth tax.

For assets that are difficult to appraise, the Treasury Department would have the option of allowing taxpayers to have appraisals done periodically instead of annually. The Treasury Department would establish the average rates of appreciation for several classes of assets. Those appraised only every few years would be assumed to appreciate in the intervening years at the average rate established for their designated class.

Assets placed in a trust would be treated as owned by the grantor of the trust (by the person giving assets to the trust) until that personís death.

A to F+: Grading the Presidential Candidates on Their Labor Plans

http://nymag.com/intelligencer/2019/09/presidential-candidates-2020-labor-plans.html

In order:

Sanders: A
Warren: A
Buttigieg: B+
Biden: B
Booker: B
Castro: B
Harris: B
O'Rourke: B
Klochubar: B-
Yang: C+

EDIT: The F+ was Trump, but we all knew that already.

Unless something dramatic happens, I think Elizabeth Warren is going to run away with the nomination

She's gaining in every poll, her favorability ratings are among the best of any candidate with room to improve, she's energetic and well-spoken, and she's progressive. This thing could be over by Super Tuesday with Warren the undisputed winner.

Bernie supporters arrive late to the Steak Fry after knocking on 7,500 doors and making 27k calls.

https://twitter.com/adamkelsey/status/1175468654391103489/photo/1?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1175468654391103489&ref_url=https%3A%2F%2Fwww.redditmedia.com%2Fmediaembed%2Fd7efh5%3Fresponsive%3Dtrue%26is_nightmode%3Dfalse
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