When Bernie Sanders says that he’s running as a Socialist Democrat, he really means it. His tax proposal would basically take everyone’s money and redistribute it as he sees fit.
The Washington Free Beacon reports:
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Presidential candidate Sen. Bernie Sanders’ (I., Vt.) proposed tax plan would raise taxes by $13.6 trillion over the next decade and reduce the economy’s size by 9.5 percent, according to an analysis by the Tax Foundation.
While on the campaign trail, the senator has proposed $18 trillion in spending over the next decade. His plan includes $15 trillion for a government-run single-payer health care plan and trillions more for Social Security, roads and bridges, higher education, paid family and medical leave, and private pension funds, to name just a few.
Sanders’ proposed tax plan will increase marginal tax rates and the cost of capital, a move that will significantly reduce GDP, lower wages, and eliminate jobs.
Of course, Bernie’s plan would change nothing.
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Washington, DC would get more cash but there would still be plenty of poor people.
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