Alexandria Ocasio-Cortez is looking to run for President in 2028.
Democrats are nervous about that possibility.
And now AOC just got one new promotion that spells doomsday for Democrats.
Hakeem Jeffries Puts AOC in Charge of Dems’ Healthcare Agenda
Joe Biden’s socialist spending set America off on an inflationary spiral that voters elected President Trump to fix.
But now Democrats are acting like arsonists in charge of putting out the fire.
House Minority Leader Hakeem Jeffries (D-NY) seeks to become the next Speaker of the House so he can lead the charge to impeach Trump, defund mass deportations, and launch a series of witch hunts into the administration.
Polls show Democrats are historically unpopular.
So, to win back power, Jeffries is scheming to convince voters that Democrats care about the issues that matter to them and can offer responsible solutions.
That’s why Jeffries established a series of working groups to tackle affordability.
“Given the high cost of living, there are far too many hardworking taxpayers struggling to live paycheck to paycheck,” Jeffries wrote in a letter announcing the initiative. “Every day, Americans can’t thrive and can barely survive. That is not an acceptable situation in the wealthiest country in the history of the world.”
Jeffries then blamed Trump and MAGA Republicans for the cost of living.
“The exact opposite has happened,” Jeffries added, “Costs have gone up as a direct result of failed Republican policies like the Trump Tariffs, the relentless assault on healthcare, and the reckless war of choice in Iran. MAGA extremists have made clear they don’t give a damn about the personal finances of the American people.”
Socialized Medicine Equals Higher Costs
But Jeffries exposed this as an unserious effort when he tabbed Alexandria Ocasio-Cortez to head the working group to craft the Democratic agenda on healthcare.
Ocasio-Cortez supports 100 percent socialized medicine, a scheme that even liberal groups like the Tax Policy Center state will cost $32 trillion to fund over the course of a decade.
And raising taxes on the rich only covers 40 percent of that bill.
The Committee for a Responsible Federal Budget reported that even if the government increased tax “rates from 35 and 37 percent up to 70 percent, phase out most deductions and exclusions for higher incomes, double the corporate income tax rate from 21 to 42 percent, impose a tax on wealth or tax capital gains mark-to-market for high net worth individuals, establish a tax on financial transactions and large financial institutions, and pass a variety of other tax increases. Using our very rough estimates and excluding many interactions and economic feedback, we estimate these policies would raise a total of $11 trillion over a decade, enough to cover roughly 40 percent of the cost of Medicare for All.”
To cover the remaining 60 percent of the government-run healthcare’s cost, the group explained that taxes would have to go up on the Middle Class.
A report from the groups stated that “policymakers would likely adopt a combination of approaches that are equivalent to a 32 percent payroll tax, 25 percent income surtax, 42 percent value-added tax (VAT), a $7,500 per capita mandatory public premium, doubling all income tax rates, reducing non-health spending by 80 percent, or increasing debt to 105 percent of GDP. Taxes on high earners and corporations alone could not finance Medicare for All.”
A massive 25 percent income tax increase or a 42 percent value-added tax on top of every purchase Americans make won’t bring down the cost of living for Americans.
It will explode the problem.
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