Study: Soaking The Rich Can’t Generate Enough Money For Democrats’ Socialized Medicine

Study: Soaking The Rich Can’t Generate Enough Money For Democrats’ Socialized Medicine

No matter how Massachusetts Sen. Elizabeth Warren spins it, middle-class taxes will have to go up to fund Medicare for All, an independent non-profit reported Tuesday.

The Committee for a Responsible Budget, a bipartisan think tank in Washington D.C., published a new study this week showing it is mathematically impossible to fund Democrats’ signature health-care program Medicare for All without dramatically raising middle-class taxes. The committee reports that even the most aggressive taxes levied on high-income earners and businesses would only cover 40 percent of the total costs required to fund the proposal.

“There is simply not enough available revenue from […]

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