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WASHINGTON D.C.: The White House has said that as part of its budget proposal, US President Joe Biden aims to raise the Medicare tax on high earners and push for more drug price negotiations to help keep the federal health insurance program solvent through at least 2050.

In response, Senate Republican leader Mitch McConnell said that the tax increase would never pass the Republican-controlled House of Representatives.

Biden’s Democrats control the Senate, but Republicans have a narrow majority in the House.

The tax increase from 3.8 percent to 5 percent on earned and unearned income above $400,000 is part of a package of proposals aimed at extending the solvency of Medicare’s Hospital Insurance Trust Fund by at least 25 years, the White House said.

In a New York Times guest essay published this week, Biden wrote, “Let us ask the wealthiest to pay just a little bit more of their fair share, to strengthen Medicare for everyone over the long-term.”

In an effort to gain leverage in negotiations over increasing the country’s $31.4 trillion debt limit, Democrat Biden has been linking Republicans to the idea of cutting funding for the insurance program for seniors and disabled people.

He also pledged to offer his vision for funding Medicare and challenged Republicans to offer their own.

In response, McConnell told reporters at a press conference, “Thank goodness the House is Republican. Massive tax increases, more spending. All of which the American people can thank the Republican House for will not see the light of day.”

WASHINGTON D.C.: The White House has said that as part of its budget proposal, US President Joe Biden aims to raise the Medicare tax on high earners and push for more drug price negotiations to help keep the federal health insurance program solvent through at least 2050.

In response, Senate Republican leader Mitch McConnell said that the tax increase would never pass the Republican-controlled House of Representatives.

Biden’s Democrats control the Senate, but Republicans have a narrow majority in the House.

The tax increase from 3.8 percent to 5 percent on earned and unearned income above $400,000 is part of a package of proposals aimed at extending the solvency of Medicare’s Hospital Insurance Trust Fund by at least 25 years, the White House said.

In a New York Times guest essay published this week, Biden wrote, “Let us ask the wealthiest to pay just a little bit more of their fair share, to strengthen Medicare for everyone over the long-term.”

In an effort to gain leverage in negotiations over increasing the country’s $31.4 trillion debt limit, Democrat Biden has been linking Republicans to the idea of cutting funding for the insurance program for seniors and disabled people.

He also pledged to offer his vision for funding Medicare and challenged Republicans to offer their own.

In response, McConnell told reporters at a press conference, “Thank goodness the House is Republican. Massive tax increases, more spending. All of which the American people can thank the Republican House for will not see the light of day.”