Bernie Sanders has been talking a lot on the campaign trail about the shortcomings of Obamacare, pushing to replace it with a European-style healthcare system. But until Sunday night, he hadn’t explained how he would pay for it.
Under pressure from Hillary Clinton's campaign, Sanders stepped forward with the list of tax hikes that his health plan would require. Every family earning above $28,800 would pay. Some quite a bit.
The plan would be funded, for the most part, through a new “healthcare premium tax” of 2.2% on income, along with a 6.2% “healthcare payroll tax” to be paid by employers. The new levies join several other tax increases Sanders has planned, most of them targeted at higher earners.