Sen. Bernie Sanders (I-Vt.) said hed raise taxes on nearly all Americans to pay for his socialist Medicare for All plan, proposing a specific tax for the first time.
Sanders, 78, told an audience this week that he would levy a 4 percent income tax on those making more than $29,000 a year.
“If we eliminate premiums and co-payments and out-of-pocket expenses, how do we pay for it?” he said about the Medicare for All proposal, which is estimated to cost at least $31 trillion and be “impossible” to pay for with only taxes on the rich.
“We pay for it like every other major country. We do it out of the general tax base in a progressive way, and one of the cornerstones of what we are talking about, just to give you a very specific example, is to say … what you will pay is 4 percent on your income,” he told a crowd in New Hampshire.
“What we will do is have a … tax on income, exempting the first $29,000. All right, good. Youre better at arithmetic than I am. Because what that means is if you are that average family in the middle who makes $60,000 a year, that means were going to tax you on $31,000 at 4 percent.”
While Sanders has said before that taxes will increase for the middle class to pay for Medicare for All, he hadnt gone into specifics.
He claimed on Nov. 24 that the overall costs for health care will go down under Medicare for All. Sanders also said hed lift the cap on taxable income to help pay for social security, that he wants the federal minimum wage increased to $15 an hour, and equal pay for women.
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