Posted by Michael Wonder on 03 Nov 2019
Warren health plan tightens Democrats’ embrace of tax increases
2 November 2019 - A ‘Medicare for all’ proposal would push the boundaries of taxing corporations and the rich to fund expanded government programs.
Three years after President Trump rode a wave of populist anger into office, some of his top Democratic challengers are calling for a fundamental reordering of American capitalism, arguing that voters will embrace bold plans to reverse decades of rising inequality by raising taxes on corporations and the rich.
The $20.5 trillion proposal for “Medicare for all” released by Senator Elizabeth Warren of Massachusetts on Friday is the most prominent example of how a party that once bet on centrist economic policies to win elections is moving toward far more ambitious efforts to redistribute wealth and expand the government’s role in the economy.
