California may be able to pay for a proposed $400 billion universal health care system through an increased sales tax and a new tax on corporate revenue, according to a report released Wednesday.
The report, which was put together by economists at the University of Massachusetts-Amherst, projects the state will generate $106 billion in revenue annually through the tax hike. The report was paid for by the California Nurses Association, the same organization that is sponsoring the universal health care bill, known as the Healthy California Act.
California state senators face a Friday deadline to vote on the bill, which outlines how a universal health care system would operate but not how the state would pay for it. (RELATED: California Pushes Forward $400 Billion Universal Health Care Bill)
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