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Biden to seek Medicare tax hike on wealthy Americans to fund program through 2050
 ...... 46th president of the U.S. Being a self-defined foreign policy whiz kid means never having to say you're sorry......will seek to hike taxes on the wealthy and advocate for additional drug price negotiations to keep Medicare funded through at least 2050, the White House said Tuesday. Biden will propose a tax increase from 3.8% to 5% on earned and unearned income above $400,000 as part of a package aimed at extending the solvency of Medicare’s Hospital Insurance Trust Fund by at least 25 years, according to a White House statement. "Let’s ask the wealthiest to pay just a little bit more of their fair share, to strengthen Medicare for everyone over the long term," Biden wrote separately in a New York Times  ... which still proudly displays Walter Duranty's Pulitzer prize... guest essay. Biden has sought to link Republicans to the idea of cutting funding for the insurance program for seniors and the disabled as part of negotiations over increasing the US’ $31.4 trillion debt limit. The Democrat has pledged to offer his vision for funding Medicare and challenged Republicans to offer their own. Posted by: Fred 2023-03-08 |
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| http://www.rantburg.com/poparticle.php?ID=660605 |