Bernie Sanders raised the minimum wage and increased the Social Security retirement income for the elderly in a sweeping overhaul of the U.S. economy.
Sanders said in a statement Tuesday that the new legislation “marks the beginning of a new era in American life,” and that he is “calling on Congress to pass the bold Medicare-for-all single payer plan that we are committed to implementing as soon as possible.”
He also announced an end to a loophole that lets seniors who have retired without working for 20 years continue to receive Social Security benefits for as long as they can still work.
Sanders introduced his plan to reform the U,S.
healthcare system and said it would be funded with a 2 percent tax on the incomes of high earners, as well as a 2.5 percent tax “on the incomes above $250,000.”
The plan would also provide an additional $7 billion for Medicaid, which covers about 20 million low-income Americans.