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Investment News: Elizabeth Warren health care plan sparks outcry over 401(k) tax hike

Presidential hopeful Elizabeth Warren would partially fund her Medicare for All health care proposal — a key part of her campaign platform — through 401(k) savers, sparking a backlash from both industry trade groups and financial advisers.

Ms. Warren, a Democratic senator from Massachusetts and currently a top contender to become the Democratic Party’s nominee for president in the 2020 election, proposed a tax on financial transactions to help fund Medicare for All, a plan that aims to provide health insurance for all Americans and eliminate out-of-pocket health care costs.

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