U.S. Democratic presidential candidate Bernie Sanders speaks at a campaign rally in New Brunswick

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.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
#Pence pushes for email privacy - POLITICO https://t.co/2Mc1PycrM1 #privacy https://t.co/ENnWuDjz7i - 3 weeks ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *