hi, christina. reporter: hi, eric. well, as of today, like you said, we are one year away from election day, and a lot of candidates campaigning in iowa today. senator elizabeth warren is holding the lead in iowa. snl kicked off their show last night with a spoof of warren explaining how her medicare for all plan would be covered. she just revealed on friday that it would be $20.5 trillion in new federal spending. first off, right, we re gonna cut military spending. so immediately dead in the water. [laughter] two, jeff bezos is going to pay, go from paying no tax to a tax. [laughter] and third, okay, banks. i m gonna tax the banks. duh. [laughter] reporter: a fox news poll shows mayor pete buttigieg gaining momentum over senator kamala harris and now coming in fourth between the trio of candidates that are in their own
released details of her medicare for all proposal. the new york times sums it up this way, quote, warren on friday proposed $20.5 trillion in new spending through huge tax increases on businesses and wealthy americans to pay for medicare for all, laying out details for a landmark government expansion that will pose political risks for her presidential candidacy while also allowing her to say she is not raising taxes on the middle class to pay for her health care plan. earlier today during an interview on pbs joe biden was asked about elizabeth warren put out a estimate for the cost of her medicare for all plan. she put it at $22 trillion over a number of years. in the past the estimate was $34 trillion. she s talking about making it one the difference with targeted defense spending cuts, a wealth tax. cracking down on tax evaders. she s making it up.
reporter: now for the first time, warren saying her answer is no. i have a plan that shows how we can have medicare for all without raising taxes one cent on middle-class families. reporter: her price tag, $20.5 trillion of new federal spending over ten years. the senator laying out the math, saying nearly half would come from continued employer contributions. the rest, taxes on additional take-home pay coming from employees no longer having to pay health insurance premiums, cracking down on tax evasion and fraud, taxfinancial companies and large corporations. she s also beefing up her signature wealth tax under the new plan. americans would now pay 6 cents for every dollar of wealth over $1 billion, rather than 3 cents. her democratic rivals quickly piling on. former vice president joe biden s campaign calling her plan, quote, mathematical gymnastics, saying in a statement her proposal dramatically understates its
and this is senator elizabeth warren. she released a plan to pay for medicare for all making up $20.5 trillion over ten years of additional federal spending. this new york times sienna college poll that came out. if you look into the cross tabs, there is something that s fascinating there that 100% of the respondents who say that warren is their first choice, let s look at it. they re concerned that she s too far left to win. so is that angst resonating with her campaign? and what does that say about the stability of her support? i think her campaign has been cognizant of this weariness among some voters from the very beginning. and i think this is why warren has painted herself a maybe slightly more moderate than bernie sanders. remember, bernie sanders calls himself a democratic socialist. he also comes out and says, yes, i m going to raise taxes in order to pay for medicare for all. take it or leave it. warren has put, you know, put
free health care from the federal government. on the campaign trail, her democratic opponents have been hammering her for not explaining how she d pay for such a gigantic new program. i think we owe it to the american people to tell them where we re gonna send the invoice. your signature, senator, is to have a plan for everything, except this. reporter: today warren declared her plan would cost $52 trillion over ten years, including $20.5 trillion in new federal spending. she says she would pay for it with trillions in new taxes on corporations and on the wealthiest americans, and with spending cuts including $800 billion from the pentagon. terry moran with us live. this has been the issue since the last debate. so no surprise when joe biden was quick to offer a review of elizabeth warren s plan. reporter: he sure was, david. joe biden saying she s making it up, it will be a lot more expensive than she says. and his campaign saying the plan