Fogdog
Well-Known Member
Nice that you actually looked up something on the subject.Added copy & paste info:
Keep in mind, the 4% payroll tax isn't going to cover all of the expenses. It would be helpful to also list the other proposed mechanisms of paying for M4A:
Creating a 4 percent income-based premium paid by employees, exempting the first $29,000 in income for a family of four
Imposing a 7.5 percent income-based premium paid by employers, exempting the first $2 million in payroll
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
Making the estate tax more progressive, including a 77 percent top rate on an inheritance above $1 billion
Establishing a tax on extreme wealth
Closing a tax-loophole that allows self-employed people to avoid paying certain taxes by creating an S corporation
Imposing a fee on large financial institution
Repealing corporate accounting gimmicks
https://m.dailykos.com/stories/2019/4/11/1849524/-Bernie-s-revised-M4A-bill-is-here-what-s-changed
I've been questioned about this before so it'll be handy to know these when discussing this with potential voters.
The hole in all of those truthy bits is none of what you copied and pasted is what Sanders can accomplish or wrote into his "medicare for all" bill or his white paper on how to fund it. Not that any single payer healthcare bill has a hope of passing through the Senate next term. The only thing that has the chance of putting "progress" into the word "progressive" for healthcare legislation next term is adding the medicare option to the ACA.