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You are here: Home / 2020 Campaign / Warren Proposes $20 Trillion In New Taxes for Health Plan

Warren Proposes $20 Trillion In New Taxes for Health Plan

November 1, 2019 at 9:06 am EDT By Taegan Goddard Leave a Comment

“Sen. Elizabeth Warren on Friday proposed a $20.5 trillion package of tax increases to pay for the Medicare-for-all plan she backs, a move that attempts to answer critics who question how she would pay for the proposal but could open her to fresh lines of attack,” the Washington Post reports.

“The plan is designed to hit corporations and the wealthy, including a provision requiring companies to send most of the funds they currently spend on employee health contributions to the federal government. It also would expand her signature wealth tax proposal and would make cuts to military spending.”

“Warren’s new health-care financing blueprint comes at a pivotal moment in the Democratic presidential primary, as the Massachusetts senator’s steady rise in the polls has prompted sustained attacks by competitors about how she would pay for her plans. As someone known to come up with politically savvy ways to sell dense policy ideas, communicating the gist of this 20-page proposal will be a major test of her candidacy.”

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Filed Under: 2020 Campaign, Health Care Tagged With: Elizabeth Warren

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goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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