2016 Election Economics Taxes

Chill Out America! Bernie Sanders Only Wants to Raise Taxes by $15 TRILLION!

tax
Written by Onan Coca

Yikes!

Is there anything scarier than a socialist with a little power? “Bernie” Bernard Sanders has spent months on the campaign trail promising an ever-growing list of “freebies” to his welfare state-loving followers. Over the many months the cost for these plans has been steadily building and the most recent cost estimates will blow your mind. Seriously, Blow.Your.Mind.

According to a new analysis from the Tax Policy Center Bernie’s plans will impact the personal finances of every single American.

Presidential candidate Bernie Sanders proposes significant increases in federal income, payroll, business, and estate taxes, and new excise taxes on financial transactions and carbon. New revenues would pay for universal health care, education, family leave, rebuilding the nation’s infrastructure, and more. TPC estimates the tax proposals would raise $15.3 trillion over the next decade. All income groups would pay some additional tax, but most would come from high-income households, particularly those with the very highest income. His proposals would raise taxes on work, saving, and investment, in some cases to rates well beyond recent historical experience in the US.

The Washington Post has more on Senator Sanders’ plans for the American economy.

The average tax increase would be around $9,000 per household, but wealthy earners would see the largest jump in their tax bill. People earning over $3.7 million a year would see their taxes go up an average of nearly 45 percent, according to analysis released Friday by the nonpartisan Urban-Brookings Tax Policy Center.

Anyway you slice the Sanders story, it holds nothing but bad news for the American people. If we elect either of the Democrat candidates, the only thing we can hope for are higher taxes, more regulations, increased spending and greater problems for our economy and our nation. Folks, it’s time to recognize the danger and rally around one conservative candidate for the upcoming election. Our children deserve better than the Democrats foolish and destructive policies.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


About the author

Onan Coca

Onan is the Editor-in-Chief at Liberty Alliance media group. He's also the managing editor at Eaglerising.com, Constitution.com and the managing partner at iPatriot.com. You can read more of his writing at Eagle Rising.
Onan is a graduate of Liberty University (2003) and earned his M.Ed. at Western Governors University in 2012. Onan lives in Atlanta with his wife and their three wonderful children.

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