Warren Says She Won't <br />Raise Middle Class Taxes For <br />$52 Trillion Health Care Plan.<br />Pressures for Warren to explain <br />how the plan would be funded <br />have intensified in recent weeks. .<br />Warren's rise to a frontrunner <br />position for the 2020 Democratic <br />presidential nomination prompted her <br />to release a new outline, explaining the plan.<br />The cost of the Senator's <br />single-payer health care plan <br />would be spread out over a decade.<br />$20.5 trillion of the costs <br />include new federal spending. <br />The plan would eliminate private health care.<br />It would cover all Americans, <br />giving everyone “full health coverage, <br />and coverage for long-term care.”.<br />Employer Medicare contributions <br />would rise by $8.8 trillion. Warren's <br />campaign describes the amount as a <br />savings of $200 billion for companies.<br />More stringent enforcement of tax <br />laws and reform of immigration would <br />account for more than $2.5 trillion in tax revenue.<br />Warren also proposes increased <br />taxes on “the financial sector, <br />large corporations and the top 1% of <br />individuals," in order to raise $3.8 trillion.<br />Warren's plan would double <br />the tax on wealth exceeding <br />$1 billion, from 3% to 6%
