Here's a list of Bernie Sanders' $19.6 trillion in tax hikes
By Philip Klein (@philipaklein) • 1/19/16 12:01 AM
Thousands 'feel the Bern' at Pres. Candidate Bernie Sanders' rally in Birmingham
WBTV - Charlotte, NC
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.
LIST
Business healthcare premium tax — $6.3 trillion
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.
Ending tax free status of employer health insurance — $3.1 trillion
Sanders says he would raise $310 billion per year by ending the tax breaks for employer sponsored health insurance, which his campaign said would become "obsolete" if his single-payer plan were implemented.
http://www.washingtonexaminer.com/heres-a-list-of-bernie-sanders-19.6-trillion-in-tax-hikes/article/2580846
