promise from a computer, you might as well say 13 gazillion over the next ten, same difference. sorry, senator, i want to see the math on that. are you? yes, look at this here. yes. do you understand this? i do. i could explain it to you. but you d die. she s so good. she is just so good. she kills it every time she does any character. hillary clinton s obsessions. rudy giuliani. and now elizabeth warren. senator warren has unveiled the details of the medicare for all plan and essentially eliminates all private insurance is fully funded and would cover every american without premium ors deductibles and there will not be quote one penny in middle class tax increases. the campaign estimates the plan would keep combined private and public health spending at just under $52 trillion. over the next decade.
drugs and 30% for generics, and would also cut medicare administrative overhead. while warren promises no middle class tax increases, her lan does assume a reversal of the trump tax cut, which by default would raise taxes on some middle class families. as you can imagine, several of fellow warren s democratic candidates responded to the medicare for all plan and the biden campaign says by putting forward an unleave plan, she will be left with only two choices, even further increase taxes on the middle class or break her commitment to these promised benefits of the mathematical gymnastics are geared to holding a simple truth from voters, it is impossible to pay for medicare for all without middle class tax increases. to accomplish this sleight of hand her proposal dramatically underestimates its costs and overstates the savings and inflates the revenue and
be there with depend®. thanks. i m going to tax the banks. duh. what did you think i was going to do? hold up a gas station? come on. they re going to pay for it. and not one penny from the middle class. and all we got to do is convince j.p. morgan to operate like a nonprofit. okay. next question. what have we got? hi, sorry, i have a follow-up because i m annoying. you said your plan would cost 20.5 trillion, but other economists have said it could cost 34 trillion. well, let me stop you right there. we re talking trillions. you know, when the numbers are this big, they re just pretend. there ain t no vault, you ready to get it, it doesn t exist, a
and would require the federal government to absorb $20.5 trillion in new spending. now, much of the revenue burden to pay for that would be placed on businesses and the wealthy by implementing significant new taxes on the rich, corporations, and high earning investors. this includes raising her wealth tax to 6% on fortunes over $1 billion. treating capital gains for the top 1% as earned income and requiring taxes to be paid annually, imposing $2.9 trillion in new taxes on corporations and foreign earnings, and creating a new 0.1% tax on financial transactions. the plan also protects $2.3 trillion in additional revenue from stricter enforcement of existing tax laws, $400 million by overhauling the immigration system, and $400 billion, excuse me, and roughly $800 billion from ending the overseas contingency operations fund. warren also sets an ambitious goal of cutting medicare drug prices by 70% for brand name