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Sanders plan would add 18 trillion to federal debt over ten years
A joint analysis by Urban Brookings Tax Policy Center and Urban Institute finds Sanders tax and spend plan would raise over 15 trillion in taxes over a decade but fail to cover health care, college and Social Security costs, increasing deficits by about 18 trillion. The study warns this debt would crowd out investment and raise rates, while Sanders campaign disputes the numbers citing potential savings and bureaucratic reductions.
MENTIONED IN THIS ARTICLE
Washington
Sen
Bernie Sanders
Nonpartisan
Urban Brookings Tax Policy Center
The
Urban Institute Health Policy Center
Sanders
Vermont
Len Burman
Tax Policy Center
Barack Obama