CNN Senior Political Analyst Ron Brownstein said that Bernie Sanders is proposing “the largest peacetime tax increase in American history.”
“As I say, he is calling for doubling the size of the federal government. He put out, he handed Chris Cuomo a document last night at the CNN town hall in which he identified $30 trillion in new taxes which does not even cover all of his new spending but would nonetheless be by far the largest peacetime tax increase in American history. Something approaching the level of revenue increase we had during World War II as a share of the economy.”
Brownstein made the remarks Tuesday. The Democrat candidates also called out Sanders.
“Well, let me tell you how many nickels and dimes we’re talking about. Nearly $60 trillion. Do you know how much that is for all of his programs? That is three times the American economy– not the federal government, the entire American economy,” Amy Klobuchar said of Sanders proposed agenda.
“And even after raising taxes on everybody making $29,000, there is still a multi-trillion dollar hole. Matter of fact, if you add up his policies altogether, they come to $50 trillion. He’s only explained $25 trillion worth of revenue,” Buttigieg said during the NBC debate last week.
Joe Biden also went after the Vermont Socialist and said that “Bernie still hasn’t answered the question. How much is it going to cost?”
Sanders also wants to repeal the Tax Cuts and Jobs Act. Such repeal will impose massive tax increases on middle income households.
If you want to stay up-to-date on their threats to raise taxes, visit www.atr.org/HighTaxDems.