May 11, 2016
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"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."
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