Bernie must want to pay off the whole national debt at once!
Oh wait. No this is for more government spending. Liberals don’t believe in paying debts.
Can you imagine? This basically would be 100% taxes for everyone. Communism in America.
Check it out:
Sen. Bernie Sanders’ populist message has put him in the position to potentially win Democratic nomination contests in both Iowa and New Hampshire, shaking the sense of inevitability that has surrounded Hillary Clinton. As the socialist senator from Vermont gains traction in polls, Clinton has more aggressively attacked his policy proposals, forcing Sanders to release details on how he would pay for his ambitious economic and social agenda.
Taken together, Sanders is proposing $19.6 trillion in new taxes over a decade, according to an analysis by the Washington Examiner, of which $14 trillion would come from his healthcare plan alone. To put that in perspective, the Congressional Budget Office projects that federal revenues over the next 10 years will be a total of $41.6 trillion, meaning that Sanders would raise taxes by 47 percent over current levels.
As part of his single-payer healthcare plan, Sanders would institute a 6.2 percent tax on employers to finance healthcare premiums for his new federally-run system, which he said would raise $630 billion per year. Though the tax would technically be imposed on employers, economic studies have shown that such taxes are ultimately passed onto workers. Sanders has argued that workers would be better off in the end anyway because of the money they’d save on insurance.
The list of taxes being proposed by Sanders is based on two primary sources. One is a Jan. 13 email sent out by the Sanders campaign with the subject line, “FACT CHECK; Bernie Sanders’ to Pay for Economic Agenda to Rebuild the Middle Class.” The other is the single-payer healthcare plan released by the Sanders campaign on Jan. 17. Both documents mention a plan to increase taxes on inheritances over $3.5 million, so I just referred to the one in the campaign email so as to avoid double counting.