California lawmakers are weighing DOUBLING taxes to pay for a single-payer health care system that would cover all illegal aliens.
California Governor Gavin Newsom (D) last Monday proposed a budget that would give all illegal aliens health coverage.
In 2019, California extended health coverage to illegals 26 and under.
In 2021, California began covering illegals over the age of 55.
Now Newsom wants ALL illegals in California to have health coverage, and Californians may see a tax increase of roughly $12,250 per household.
Fox Business reported:
California lawmakers unveiled a new bill at the beginning of the year that would establish a single-payer health care system – an ambitious plan that would be funded by nearly doubling the state’s already-high taxes.
A new analysis from the Tax Foundation, a non-partisan group that generally advocates for lower taxes, found that the proposed constitutional amendment would increase taxes by roughly $12,250 per household in order to fund the first-of-its-kind health care system. In all, the tax increases are designed to raise an additional $163 billion per year, which is more than California raised in total tax revenue any year before the pandemic.
Under the bill, the top marginal rate on wage income would soar to 18.05% – well above the median top marginal rate of 5.3% and the state’s existing rate of 12.3%. There would be an 18-bracket system, with higher taxes kicking in for individuals earning more than $149,509.The highest rate would apply to those who earn more than $2,484,121.