Biden Releases a Tax-the-Rich Medicare Plan, in Direct Challenge to GOP ...Middle East

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Joe Biden revealed plans to expand Medicare Tuesday, daring Republicans to renege on their promise during the State of the Union address not to cut funding for the program.The president unveiled part of his budget, the full text of which is due out Thursday. Although his plan is not binding for Congress, it comes as lawmakers scramble to agree on a federal budget before the United States defaults on its debt in July.Biden’s plan would extend Medicare into the 2050s, he explained in an op-ed in The New York Times. His budget would increase the Medicare tax rate to 5 percent from 3.8 percent on people who make more than $400,000 a year.It would also let Medicare negotiate prices for a wider ra

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Last updated : 07 March 2023 clock 06:48 PM

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Biden Releases a Tax-the-Rich Medicare Plan, in Direct Challenge to GOP ...Middle East

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