There is no way that 2020 presidential candidates Elizabeth Warren’s long-awaited $52 trillion “Medicare-for-all” plan won’t tax the middle-class, GDP Advisors President Seth Denson said Saturday.

During the last Democratic presidential debate, Sen. Warren, D-Ma., promised voters that costs will only go up for the wealthy.

“We don’t need to raise taxes on the middle class by one penny to finance Medicare-for-all,” Sen. Warren, D-Mass., said in her plan — a copy of which was obtained by Fox News in advance of its release Friday.

The Warren campaign’s detailed proposal insists that the costs can be covered by a combination of existing federal and state spending on Medicare and other health care — as well as myriad taxes on employers, financial transactions, the ultra-wealthy and large corporations and some savings elsewhere. Those measures are meant to pay for a projected $20.5 trillion in new federal spending. Notably, they include what is essentially a payroll tax increase on employers, something economists generally say can hit workers in the form of reduced wages.

Warren calls for bringing in nearly $9 trillion in new Medicare taxes on employers over the next 10 years, arguing this would essentially replace what they’re already paying for employee health insurance. Further, Warren’s campaign says if they are at risk of falling short of the revenue target, they could impose a “Supplemental Employer Medicare Contribution” for big companies with “extremely high executive compensation and stock buyback rates.”

Appearing on “Fox & Friends: Weekend” with host Ed Henry, Denson said that the reality of the situation is “people lie,” but that “numbers don’t.”
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