McGovern’s redistribution plan price tag debated in California
In a California debate, Sen. McGovern argued income redistribution would cost about $21 a year for someone earning $12 000 to $20 000, with higher impacts for media workers. Officials floated two revenue estimates: $27 billion from McGovern staff and $51 billion from the Senate Finance Committee staff.
MENTIONED IN THIS ARTICLE
Sen. McGovern
California
Hubert Humphrey
McGovern
Senate Finance Committee
McGovern cost estimates labeled for and against
The piece compares McGovern's proposed redistribution costs with conservative estimates. It cites figures like $27 billion or $51 billion, argues tax hikes would be needed, and notes Tom Wicker’s defense in the New York Times of high-cost proposals. It references National Review’s $159 billion annual figure and critiques omitted items.
MENTIONED IN THIS ARTICLE
McGovern
Tom Wicker
New York Times
National Review
Wicker
Wild
Porcupine
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