Sanders plan raises incomes but also U.S. deficits, analysts say

U.S. Democratic presidential candidate Bernie Sanders speaks at a campaign rally in New BrunswickBy Jonathan Allen and Luciana Lopez NEW YORK (Reuters) – U.S. Democratic presidential candidate Bernie Sanders’ tax and benefit plans would raise income for most Americans but his proposal for single-payer healthcare would help generate record federal deficits, two Washington think tanks said on Monday. An analysis by the Tax Policy Center said that although most people would pay higher taxes under Sanders’ plan, the average household income would increase by nearly $4,300 in 2017 after his proposed benefits were factored in. Only the wealthiest 5 percent of households would end up paying more in new taxes than they got back in benefits, according to the center, a joint effort run by two Washington-based think tanks, the Urban Institute and the Brookings Institution.

Share this article