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Sen. Elizabeth Warren released her plan on Friday, and this time one details how she would pay for Medicare for All.
Following other presidential candidates releasing their health care plans, Warren’s plan pledges that “there will be no middle class tax increases” and Americans would benefit from the elimination of premiums and other out-of-pocket-costs.
“$11 trillion in household expenses back in the pockets of American families,” she said. “That’s substantially larger than the largest tax cut in American history.”
Warren’s plan would cost "just under" $52 trillion over a decade.
So how will Warren actually pay for it? It all goes back to her wealth tax on the richest 1% of Americans and cracking down on tax evasion and fraud.
Warren wants to place a 0.1% tax on 1% on the sales of bonds, stocks, or derivatives, which she claims would raise $800 billion in revenue over the next decade and “would likely have little to no effect on most investors.”