Wednesday, July 15, 2020

Guess Who Suffers Under Bernie’s Grand Plan?

Democratic presidential contender Bernie Sanders has finally admitted his plan to provide “Medicare for All” will involve raising taxes on middle and low-income workers.

It should come as no surprise the Democratic socialist has been one of the fiercest defenders of nationalized healthcare, considering he wrote the original bill.

While Sanders is at least honest about how every American will share the misery of living in a socialist “utopia,” he duplicitously claims those tax increases we mentioned earlier will somehow cost hardworking Americans less in the long run.

Per Townhall:
 

Bernie has targeted the wealthy, saying they should “pay their fair share” (whatever that means), but he hasn’t been very descriptive about what tax increases would look like if his Medicare for All plan was implemented. During a town hall meeting in Salem, New Hampshire, Sanders laid out the tax proposal associated with his plan.

“What we will do — what we will do is have a four percent tax on income exempting the first $29,000,” he told a cheering crowd. “All right, good. You — you’re better at arithmetic than I am. Because what that means is if you are that average family in the middle who makes $60,000 a year, that means we’re going to tax you on $31,000 at four percent.”

There are a few problems with this proposal:

Is the $29,000 exemption for couples then? What is the exemption, if any, for singles? Is it safe to assume that exemption would be $14,500 (half of what he proposed for families)?

Even with that exemption, Sanders’ plan negatively affects the people he claims to champion.

AAN Staff
AAN Staff
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