The federal government’s latest budget proposal includes a proposal to spend $1 trillion on healthcare over the next decade.
The plan calls for $8.8 trillion in spending on the country’s healthcare system over the course of the next 10 years.
The plan includes a proposed 1.8% payroll tax increase on all employers to help pay for the healthcare overhaul.
It also includes a $2,000 per year deduction for all workers who earn $50,000 or more annually.
The proposal also proposes a 10% tax credit for employers to buy insurance.
The new tax would be $2.50 per dollar of wages above the $50 million threshold.
Under the plan, the healthcare plan would be paid for by eliminating some tax breaks that were intended to help low-income workers.
Democrats and some Republicans have argued that the tax credit would be a tax cut for the wealthy.
According to the nonpartisan Congressional Budget Office, the plan would result in a $5,000 tax cut on the top 1% of earners and a $3,500 tax cut in the top 10%.
The budget proposal also includes $1.6 trillion in additional revenue over the 10 years for the government to pay for healthcare.
It includes a repeal of the estate tax, a proposal that would end the deduction for medical expenses.
It also includes the $2 trillion-plus plan to expand Medicaid to cover millions of low-wage Americans.
It is unclear what additional tax breaks, if any, the government would be allowed to eliminate under the plan.