Here's a list of $20.35 trillion of Elizabeth Warren tax hikes

Warren: Medicare for All plan will not raise middle-class taxes 'one penny'

Warren: Medicare for All plan will not raise middle-class taxes 'one penny'

Ms Warren is a Democratic front-runner in the 2020 race to the White House.

She has faced criticism over lack of detail about her plan. In a Friday blog post spelling out her proposal, Warren said she plans to unveil her transition plan "in the weeks ahead". The estimated price tag would be an additional $20.5 trillion in new federal spending over ten years. However, they would pay taxes on whatever extra take-home pay they would receive in this new system.

"Some of the people now working in health insurance will work in other parts of insurance - in life insurance, in auto insurance, in vehicle insurance, some will work for Medicaid", she said. "Not one penny in middle-class tax increases". "Medicare for All isn't about changing any of that".

The rest of us, the 99 percent, would pay nothing.

What is Medicare-for-All?

Chris Jacobs, the author of "The Case Against Single Payer: How "Medicare for All" Will Wreck America's Health Care System―And Its Economy", told "American Thought Leaders" that the plan would curtail rather than increase many people's access to high-quality healthcare.

The federal government would become the sole insurance provider for all essential and preventative healthcare.

"They are making more aggressive assumptions about the same things we already made aggressive assumptions about, " said John Holahan, an economist at the Urban Institute who coauthored a recent cost analysis that the Warren campaign is using as a starting point for its estimates.

"Bernie says the middle class has to pay for Medicare for All", he said.

UFC's Jorge Masvidal expresses willingness to fight boxing champ Canelo Alvarez next
I'm not going to get exhausted in a 12 round boxing event, especially if I have time to prepare for it. "It's just kind of fate". He's a better boxer", he explained. "I have got nothing but respect for the dude but that's the type of artwork I like to do".

Elizabeth Warren proposed Friday to pay for a "Medicare for All" health care system without raising taxes on most people. "She is for pie-in-the-sky healthcare [that] is free and people don't pay".

$2.3 trillion: Income from collecting taxes now not paid due to evasion and fraud, which is roughly 15% of all taxes. A 70% reduction in the cost of brand-name drugs? It's harder to imagine these figures becoming a reality. Bernie Sanders's Medicare For All plan. She hasn't begun to think through the implications of this extreme proposal, but when voters begin to contemplate it, my guess they will vote against her, enthusiastically.

Over the weekend, Warren and more than a dozen other candidates will be in Iowa, which holds the nation's leadoff presidential caucuses in three months. In the clashes to come she will be better prepared to respond.

Under current tax law, firms may accelerate cost recovery for their investments by fully deducting the cost of investments from taxable income in the year that they are incurred, for most types of investment.

In the last round of debates, rivals attacked her for lack of clarity on how she would fund Medicare for All.

Improved Enforcement - Increase funding for the Internal Revenue Service (IRS) and expand, strengthen, and increase various reporting requirements with the goal of reducing the overall tax gap (the gap between the amount of taxes owed and collected) by one-third.

$3 trillion: Taxes on the wealthy, including 6 cents per dollar on all net worth over $1 billion, as well as a 1% tax on capital gains every year, for which the tax rate would rise to income tax levels. (His campaign now sells the phrase on stickers.) And Warren wouldn't have been the first co-sponsor to back away from the Sanders bill on the campaign trail, as Senator Kamala Harris says she no longer supports it.

Her concerns reflect the views of several prominent Democrats who say some of the candidates' proposals could hurt the prospects of the party winning in the general election.

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