Washington, Nov 1.- Democratic Senator and presidential candidate Elizabeth Warren on Friday released a bill to fund the health care bill known as Medicare for All, which would increase business and multimillionaire taxes.
The Massachusetts legislator has been continually questioned about whether her legislative plan, which seeks to guarantee universal health coverage for all U.S. citizens, with no premiums, co-pays or deductibles, would demand a tax increase for the middle class.
According to what was released Friday, implementing Medicare for all if Warren became president of the country would require a combined public and private health spending of 52 trillion dollars, 20 trillion of which would be the responsibility of the government.
To achieve that level of funding, the senator puts most of the burden of income on businesses and the rich, while the proposal 'will not raise taxes or a penny on middle-class families,' as the legislator herself remarked in her Twitter account.
With that in mind, Warren plans to transfer nearly all existing health funds into the hands of employers and state governments, and apply a variety of new taxes to the rich, corporations and high-income investors, including doubling the estate tax to multimillionaires.
The senator's initiative includes a repeal of the tax cut enacted in late 2017 by President Donald Trump, a measure that was a political triumph for the Republican leader, but which, according to his critics, benefited primarily the wealthiest in the country.
But his ambitious plan will surely continue to be scrutinized and attacked by those who reject that level of health spending or oppose the disappearance of private health coverage.