To: SeekAndFind
Here are some of the methods Warren's campaign outlines to cover the plan's costs, in terms of both reducing spending and raising money:
- A new employer Medicare contribution to raise $8.8 trillion, which the campaign says would save companies $200 billion relative to what they would have shelled out under the current system
- Cutting administrative costs by scrapping private insurers
- Negotiations to reduce drug spending
- Better enforcement of existing tax laws to raise $2.3 trillion more in revenue
- Taxes on "the financial sector, large corporations and the top 1% of individuals." Changes in taxes on the investing community and large companies could raise an estimated $3.8 trillion, according to Warren's campaign.
- Warren appeared to take her proposed wealth tax further under the health care plan, saying wealth over $1 billion would be taxed at 6% rather than the currently proposed 3%. The change would raise an additional $1 trillion, the campaign said. Overall, Warren's campaign estimates that it can take in $3 trillion for the health care plan by "asking the top 1% of households in America to pay a little more."
- $400 billion more in tax revenue through immigration reform
- Eliminating the Overseas Contingency Operations military fund to save about $800 billion over a decade
3 posted on
11/01/2019 7:41:55 AM PDT by
SeekAndFind
(look at Michigan, it will)
To: SeekAndFind
"Better enforcement of existing tax laws to raise $2.3 trillion more in revenue"
IF that were possible why aren't we doing it now? Maybe we'll also discover some magic beans that grow money trees.
To: SeekAndFind
"Cutting administrative costs by scrapping private insurers"
How does replacing private insurers with public insurers reduce administrative costs? Experience shows they would increase.
To: SeekAndFind
#3 and destroy the US economy.
25 posted on
11/01/2019 8:45:09 AM PDT by
minnesota_bound
(homeless guy. He just has more money....)
To: SeekAndFind
That’s easy, you just change the definition of ‘middle class’ to any family of 4 that has income under 30k. That way everyone with a job pays for it and she didn’t raise the taxes on the middle class.
To: SeekAndFind; GOPJ; SaveFerris
$400 billion more in tax revenue through immigration reformI was thinking that if we pay for healthcare for everybody in the world that would cost more.
37 posted on
11/01/2019 11:55:23 AM PDT by
ding_dong_daddy_from_dumas
(Mozart tells you what it's like to be human. Bach tells you what it's like to be the universe.)
To: SeekAndFind
An annual 6% wealth tax is not only impractical, it is unconstitutional.
How many years will some of the folks endure a 10% reduction in their wealth (the tax less a general liquidity cost) until someone moves their assets underground or overseas?
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