Countering GOP Attacks, Biden Proposes Tax Hike on the Rich to Strengthen Medicare

Canada News News

Countering GOP Attacks, Biden Proposes Tax Hike on the Rich to Strengthen Medicare
Canada Latest News,Canada Headlines
  • 📰 commondreams
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

'MAGA Republicans on the Hill say the only way to be serious about preserving Medicare is to cut it,' the president said. 'Well, I think they're wrong.'

—"will be able to pay scheduled benefits until 2028, two years later than reported" in 2021.

"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," the president wrote."This modest increase in Medicare contributions from those with the highest incomes will help keep the Medicare program strong for decades to come. My budget will make sure the money goes directly into the Medicare trust fund, protecting taxpayers’ investment and the future of the program.

The plan also proposes empowering"Medicare to negotiate prices for more drugs and bringing drugs into negotiation sooner after they launch," building onof the Inflation Reduction Act that Biden signed into law last year. The White House plan would then credit the savings from the drug price reforms—an estimated $200 billion over 10 years—to the HI Trust Fund.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

commondreams /  🏆 530. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump rallies MAGA fans, ignites sleepy CPAC conference: ‘I am your warrior’Trump rallies MAGA fans, ignites sleepy CPAC conference: ‘I am your warrior’Former President Donald Trump turned this year’s fairly sleepy, low-attended CPAC into a raucous campaign event Saturday as MAGA supporters clamored for his attention.
Read more »

Nikki Haley's Diet-MAGA Is a Bitter and Foul DrinkNikki Haley's Diet-MAGA Is a Bitter and Foul DrinkThe former Trump sidekick thinks her candidacy could appeal to both the far-right white nationalist wing of the Republican Party and the we-don’t-want-too-much-overt-racism 'moderates' among Republican and independent voters. Good luck.
Read more »

Scam alert: Fake Medicare calls targeting recipientsScam alert: Fake Medicare calls targeting recipientsMedicare recipients across the country are receiving calls saying you need to update your Medicare information to get a new card.
Read more »

FDA will review Eisai and Biogen's Alzheimer's treatment Leqembi with decision on full approval expected in early JulyFDA will review Eisai and Biogen's Alzheimer's treatment Leqembi with decision on full approval expected in early JulyFDA will review Eisai's and Biogen's Alzheimer's treatment Leqembi with decision on full approval expected in early July
Read more »

Powell will have to push rates even higher for the Fed to get inflation to 2%Powell will have to push rates even higher for the Fed to get inflation to 2%OPINION: If the job market continues its robust pace of hiring, rents will begin their ascent again and drag up inflation prints, again with a lag.
Read more »

The MAGA-fication of North Idaho CollegeThe MAGA-fication of North Idaho CollegeCOEUR D’ALENE, Idaho — The February meeting of the North Idaho College board of trustees was, by recent standards, civilized. There were no shoving matches or speeches from far-right podcasters. Nobody pulled the fire alarm. The parade of community members who, under the wary eye of campus security officers, took turns at the microphone mostly kept their voices below shouting volume, until an hour or so before midnight, when a woman cried “Shame on you!” and stormed out of the room. Mostly, peop
Read more »



Render Time: 2025-02-27 01:55:39