Ms. Warren’s plan for Medicare for all, which calls for $20.5 trillion in new federal spending over a decade, would be financed through a mix of sources, including $3 trillion in total from two proposals to tax wealthy Americans. One of those taxes — accounting for $2 trillion of the $3 trillion total — would go far beyond billionaires. For the top 1 percent of households, Ms. Warren would increase taxes on investment gains. The campaign of former Vice President Joseph R. Biden Jr., one of Ms. Warren’s top rivals, quickly criticized her over the comments. “Senator Warren said tonight that her single-payer plan won’t raise taxes on anyone but billionaires, but that’s simply not true.”

Source: New York Times November 03, 2019 16:18 UTC