In 2022, way back then, Medicare was 13% of functionally income tax corporate tax receipts, 13%. In five more budget years, Medicare spending will be 22% of all income tax, all corporate taxes [in five years]. That's a remarkable movement. We had a data point a couple days ago saying Medicare spending is up 10% this year. But we're not allowed to talk about that. (12:03–12:26)
CLAIM
Asserts that Medicare spending will constitute 22% of income and corporate tax revenue in five years.
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