Today, as he pushes a new plan to extend the solvency of Medicare, President Biden is seeking a contrast with Republicans that will almost certainly resonate into next year’s presidential campaign. Biden’s plan relies on an increase in the Medicare tax rate on earned and unearned income above $400,000 and strengthening Medicare’s newly established negotiation power on drug prices. In a guest essay in the New York Times, Biden argues that Republicans, by contrast, would weaken the program through benefit cuts.
In Tallahassee, one of Biden’s would-be successors, Florida Gov. Ron DeSantis (R), is poised to deliver a closely watched State of the State address Tuesday. DeSantis has yet to formally announce a 2024 White House bid, but his speech comes amid a spate of national travel, including a visit to the early nominating state of Iowa planned later this week.
