Death and Taxes: Bernie Sanders Tax Plan Riddled With Trillions In Tax Increases

Townhall.com:

Yes, Sen. Bernie Sanders may have outright trounced Clinton (67/32) in the Kansas Democratic Caucuses, but let’s this be a friendly reminder to everyone that his economic agenda might as well be a suicide note for America. The self-described Democratic socialist has made no effort to hide that fact that he wants to tackle inequality, a corrupt campaign finance system, and provide health care for all. He has admitted that taxes for everyone would go up if he were to be elected president, but he hasn’t really mentioned how much. Maybe that’s because that figure soars into the trillions of dollars (via Politico):

Democratic presidential candidate Bernie Sanders has proposed $15.3 trillion in tax increases, according to a new report, and would raise rates on virtually everyone, including the politically all-important middle class.

Not surprisingly for a candidate who has made income inequality his central issue, Sanders’s plan would wallop the rich, an analysis released Friday by the Tax Policy Center shows.

But Sanders, going where few politicians dare, would also raise taxes on middle- and low-income families, with those in the dead center of the income spectrum facing a $4,700 tax increase. That would reduce their after-tax incomes by 8.5 percent, the report said.

RELATED: Sanders’ Spending Proposal Matches Size of National Debt, $18 Trillion, in 10 Years