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HerbChestnut's Journal
HerbChestnut's Journal
October 31, 2019

Bernie's senate office releases Financing Proposal for Medicare for All

Full Text: https://www.sanders.senate.gov/download/medicare-for-all-2019-financing?id=860FD1B9-3E8A-4ADD-8C1F-0DEDC8D45BC1&download=1&inline=file


Those options include, but are not limited to:

Creating a 4 percent income-based premium paid by employees, exempting the first $29,000 in income fora family of four;

Imposing a 7.5 percent income-based premium paid by employers, exempting the first $2 million in payroll to protect small businesses;

Eliminating health tax expenditures;

Making the federal income tax more progressive, including a marginal tax rate of up to 70 percent on those making above $10 million, taxing earned and unearned income at the same rates, and limiting tax deductions for filers in the top tax bracket;

Making the estate tax more progressive, including a 77 percent top rate on an inheritance above $1 billion;

Establishing a taxon extreme wealth;

Closing the “Gingrich-Edwards Loophole”;

Imposing a fee on large financial institutions; and

Repealing corporate accounting gimmicks.

Bring on the hate train.
October 25, 2019

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.



October 17, 2019

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

We don't need this.


Link to the video:


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.

October 16, 2019

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.


October 16, 2019

So proud of Bernie

He's been great tonight.

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