Biden to seek Medicare tax hike on wealthy Americans to fund program through 2050

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Biden to seek Medicare tax hike on wealthy Americans to fund program through 2050
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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 United States’ $31.4 tri…

President Biden 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.

“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 aBiden 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.

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