“what we will do is have a four percent tax on income exempting the first $29,000”
Bernie Sanders likes to talk about making billionaires pay their fair share. But he recently admitted that as far as taxes are concerned, he is coming after pretty much everyone.
During a campaign event in New Hampshire, Sanders revealed that he wants to raise taxes on low-income Americans.
Beth Baumann reports at Townhall:
Bernie Proved He Plans to Raise Taxes on Middle and Low Income Workers to Pay for Medicare for All
Sen. Bernie Sanders (I-VT) has been one of the strongest supporters and advocates of Medicare for All. After all, he wrote the original bill for the system. While some of the other 2020 Democrats have said they wouldn’t raise taxes on average families, Sanders has been upfront and honest that taxes would need to be raised in order to pay for this new system. But he has argued those tax increases would actually cost Americans less in the long run.
Bernie has targeted the wealthy, saying they should “pay their fair share” (whatever that means), but he hasn’t been very descriptive about what tax increases would look like if his Medicare for All plan was implemented. During a town hall meeting in Salem, New Hampshire, Sanders laid out the tax proposal associated with his plan.
“What we will do — what we will do is have a four percent tax on income exempting the first $29,000,” he told a cheering crowd. “All right, good. You — you’re better at arithmetic than I am. Because what that means is if you are that average family in the middle who makes $60,000 a year, that means we’re going to tax you on $31,000 at four percent.”
See the video below:
Is “fuzzy math” making a comeback in 2020? Sanders, Warren, and other supporters of Medicare-for-All seem to think we can redistribute our way to ‘free’ healthcare. Voters are right to be skeptical.
Christopher Jacobs writes at The Federalist:
If You Think Health Care Is Expensive Now, Just Wait Until It’s ‘Free’
Libertarian columnist P.J. O’Rourke once famously claimed that “If you think health care is expensive now, wait until you see what it costs when it’s free.” A left-of-center think-tank recently confirmed O’Rourke’s assertion. In analyzing several health care proposals, the Urban Institute demonstrated how eliminating patient cost-sharing from a single-payer system would raise total health care spending by nearly $1 trillion per year.
Those estimates have particular resonance given the recent release of a health care “plan” (such as it is) by Sen. Elizabeth Warren (D-Mass.). Warren’s policy proposals contain myriad gimmicks and rosy scenarios, all designed to hide the obvious fact that one cannot impose a $30 trillion-plus program on the federal government without asking middle-class families to pay—a lot—for its cost.
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