Estimate raises questions about Sanders' proposals to pay for ambitious plans

[subana]

they're talking about this article on Morning Joe. Now that he's clearly losing, Bernie finally released some numbers on how to pay for his proposals. One shocking statement on Morning Joe said his programs would raise middle class taxes by 60%! (Republicans would love that one!)

The article begins:

WASHINGTON — As the Democratic presidential candidate promising a political revolution, Sen. Bernie Sanders has proposed new federal programs to overhaul the nation's health care system, tackle climate change and wipe away student debt.

But a budget estimate by a nonpartisan think tank provided to NBC News suggests that despite new proposals on how he would pay for them, his plans would still result in a $20 trillion budget shortfall over 10 years.

NBC News asked the Committee for a Responsible Federal Budget to respond to an itemized list the campaign released last week explaining how the Sanders, I-Vt., intends to fund a range of his proposals, including "Medicare for All," the Green New Deal, free college and housing for all.

The $20 trillion estimate is similar to a study the CRFB did of Sanders' 2016 campaign, which estimated that his proposals then would result in a $19 trillion shortfall.

Sanders has proposed several ways to fund his ambitious plans, including a wealth tax to eliminate homelessness and fund universal child care, as well as an "income inequality tax" on large corporations and chief executives to eliminate $81 billion in past-due medical debt. And while he has acknowledged some middle-class tax increases will be required to fund his health care plan, a range of budget experts say they would likely need to be far higher than what he's proposed if he delivers on all of his promises.

continued...
https://www.nbcnews.com/politics/2020-election/analysis-raises-questions-about-sanders-proposals-pay-ambitious-plans-n1150771

I always knew there was a good reason why he wasn't telling anyone how much all of this would cost.

[Dem4Life1102]

1. Heidi Przybyla is one of my favorite reporters

[Hestia]

2. Roll back the billionaire tax cuts, along with loopholes, 2-3% uber weath tax - viola' paid for

Make the 'pugs fight tooth and nail to keep it. Make people see what their "party" stands for, while they aren't working due to the debacle covid-19 epidemic/pandemic handling by Steve Mnuchin & (oh, what is his name, came out how we have a handle on it). Travel has already tanked, outdoor concerts, canceled, other businesses that support our 70% of consumer spending in this country (stupid, stupid, stupid) and ask everyone then should billionaires get a tax cut/break.

Turn it back on the corporation minions/shills and ask why they support a billionaire tax cut and other wealth tax cuts while raising taxes on everyone else - an estimated 99%.

Now is not the time to cower and say "moderate" - the economy is collapsing and the changes to our mindset by Elizabeth, Bernie, et al - we'll have no choice to follow their economic theories instead of the same ol', same ol' billionaires.

[Gothmog]

3. Another independent audit of Bernie Sanders' proposals shows he is trillions short in finding a way

Link to tweet

[subana]

4. yes!

there's a good reason why he rarely talked about how much it would cost to fund these programs or what it would take to get them done!