Joe Biden said Elizabeth Warren is “making it up” on her proposals to fund ‘Medicare for All’ during a PBS News Hour interview.
Here’s the key exchange:
Reporter: “Elizabeth Warren today put out an estimate for the cost of her Medicare for All. Plan. She put it at around $20 trillion over a number of years in the past the estimate have been $34 trillion. She’s talking about making it up with the difference with targeted defense spending cuts a wealth tax, cracking down on tax evaders.”
Biden: “She’s making it up. Nobody thinks it’s $20 trillion. It’s between 30 and $40 trillion. Every major independent study that’s gone out there, that’s taken a look at this — there’s no way — even Bernie who talks about the need to raise middle class taxes. He can’t even meet the cost of it.”
Warren released her Medicare for All plan yesterday and admitted that its price tag would be an incomprehensible $52 trillion over ten years, but claimed that she will not raise middle class taxes to pay for it.
Almost immediately, the Biden campaign responded to her plan and said that it’s “impossible to pay for Medicare for All without middle class tax increases.”
Even Bernie Sanders, who “wrote the damn bill,” as he likes to say, admits that middle class taxes would go up under Medicare for All.
“Yeah, [we’d have to] raise taxes on the middle class,” Sanders told a CNN reporter after the July debate.
Warren has continuously dodged the middle class tax question, and tried to dodge it for a total of 28 times, as Americans for Tax Reform has documented.
As the Washington Post reported, Kenneth Thorpe, chairman of the health policy department at Emory University directly said that the plan will hit the middle class. “There’s no question it hits the middle class,” he said.