Elizabeth Warren, Her plan will penalize businesses, wealthy individuals and Wall Street. These “top 1%” are the ones who own businesses and employ Americans.
Leading Democratic presidential candidate U.S. Senator Elizabeth Warren (D-MA) has officially unveiled her “Medicare for All” plan. This program is based on fantasy financing. According to Warren, it will cost $52 trillion over ten years, but a middle-class tax increase will not be needed.
Instead, the plan will be partially funded by hiking taxes $20 trillion on the top 1% of Americans, employers, major corporations and financial transactions. Not only will this plan devastate Wall Street, but it will also be a major drain on our economy. Many employers will not be able to afford these additional costs, so jobs will be lost, and wages will be reduced.