The Urban-Brookings Tax Policy Center and the Urban Institute Health Policy Center have released a joint analysis of Senator Bernie Sanders' tax and spending proposals that say his plans for improvements to health care, education, and other programs would add $18 trillion to the federal deficit.
According to the Associated Press, the analysis said Sanders' plan to raise taxes by more than $15 trillion over 10 years wouldn't be enough to pay for a government-run health care system, free undergraduate college tuition, improvements to Social Security, and other new programs. The study put the cost of the health care plan alone at more than $30 trillion.
The study's analysis concludes that those among the top 5 percent, with incomes averaging $650,000 a year, would come out losers under the Sanders plan, paying about $110,000 more in taxes than they would receive in benefits. However, those in the middle-income range — averaging $41,000 annually — would come out about $8,700 ahead, receiving benefits worth that much more than the taxes they would pay.
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