Study Says Bernie Sanders' Tax Plan Could Nearly Double National Debt
The Tax Policy Center reviewed Sen. Bernie Sanders' tax and spending plans and estimated they would add about $18 trillion to the national debt.By Grant Suneson | May 9, 2016
A new analysis of Sen. Bernie Sanders’ tax plan suggests the Democratic candidate might be biting off more than he can chew.
The Tax Policy Center looked at what Sanders is proposing to spend versus how much he would increase taxes. According to its research, the plan would add about $18 trillion to the national debt by 2026.
It’s easy to see why a Sanders presidency would increase spending. He wants to implement single-payer health care and eliminate tuition for public universities, all while expanding family and medical leave and social security. And the tax increases he wants may not cover those costs.