Bernie Sanders to Fund ‘Major’ Multitrillion-Dollar Plans with Military Cuts, Taxes, Lawsuits
Hannah Bleau 25 Feb 2020
Sen. Bernie Sanders (I-VT) on Monday released a fact sheet explaining how he will fund his “major†multitrillion-dollar campaign proposals — the Green New Deal, free college, housing for all, etc. — and revealed that he will pay for them through a combination of cutting military spending, creating new taxes, and enacting penalties on the fossil fuel industry in the form of lawsuits.
While Sanders has released a suite of lofty plans with the promise to improve the lives of middle class and low income Americans, critics have repeatedly asked the socialist senator to explain how his administration will pay for his grandiose proposals.
His campaign released a fact sheet on Monday listing each of his “major plans†and providing a line on how he will make it a reality.
His $16.3 trillion Green New Deal plan, perhaps one of his most prolific proposals, will be paid for, he claims, through a variety of methods including slashes in military spending and lawsuits against the fossil fuel industry.
He is calling to reduce defense spending by $1.215 trillion “by scaling back military operations on protecting the global oil supply.†His campaign claims he will raise $3.085 trillion by “making the fossil fuel industry pay for their pollution, through litigation, fees, and taxes, and eliminating federal fossil fuel subsidies.†He expects to garner another $6.4 trillion “from the wholesale of energy produced by the regional Power Marketing Administrations.â€
“This revenue will be collected from 2023-2035, and after 2035 electricity will be virtually free, aside from operations and maintenance costs,†his website states.
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https://www.breitbart.com/politics/2020/02/25/bernie-sanders-to-fund-major-multitrillion-dollar-plans-with-military-cuts-taxes-lawsuits/