Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Think Tank Admits YUGE Error In Bernie Sanders Report
Posted
May 11, 2016
Views
164,288
Likes
3,492
Comments
349
Engagement
2.34%
May 11, 2016
164,288
3,492
349
2.34%
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5:27Now PlayingEarlier in the primary, The Urban-Brookings Tax Policy Center (TPC) published a wildly inaccurate report against Bernie Sanders. Now that most of the primary votes have been cast, they’re suddenly realizing they've made a big mistake. Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.
"All but the wealthiest households would see net income gains under Democratic presidential candidate Bernie Sanders’s proposals, according to a report released Monday.
“For most households, additional government benefits would more than offset the tax increases,” the non-partisan Urban-Brookings Tax Policy Center (TPC) said in the report.
Sanders has released a number of proposals to expand and create new social-insurance programs. These include single-payer healthcare, comprehensive coverage for long-term services and supports, expanding Social Security benefits, free college tuition at public universities and paid family leave. The candidate has proposed paying for these programs through tax changes for individuals and businesses.
TPC in March estimated that Sanders’s tax plan would raise $15.3 trillion over 10 years. Everyone would pay more taxes under his plan, and most of the new revenue would come from the wealthy.
The Sanders campaign complained that TPC’s tax analysis was “inaccurate and one-sided” because it did not look at the benefits people would receive from the candidate’s spending proposals.
TPC Director Len Burman told reporters that the center “thought the Sanders campaign had a point.”
The center’s latest analysis looks at who wins and who loses once Sanders’s new government benefits are taken into account as well.
TPC found that the average tax burden would increase by about $9,000 in 2017 but the average amount of benefits would increase by more than $13,000. As a result, households would on average receive a net income gain of almost $4,300 under Sanders’s proposals, TPC said.”*
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