On Thursday, top Democratic candidates officially took the stage, prepared to fight for the Presidential Democratic nomination. The front-runner, former Vice President Joe Biden sparred with candidates Sen. Bernie Sanders, Businessman Andrew Yang, Mayor Pete Buttigieg, Sen. Kamala Harris, and others.
Sen. Sanders Announces Tax Increases On All Americans
Moderators asked a direct question to Sen. Bernie Sanders, “Will you increase taxes on the middle class.” Sanders attempted to dodge the question but ultimately admitted that his tax plan to adopt “Medicare For All” will result in a middle-class tax increase. (Not much has changed.)
Independent auditors such as the Committee for a Responsible Federal Budget have examined Sen. Sanders’ “Medicare For All” plan and estimated that it would cost a whopping $28 trillion and would be funded until 2026.
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Biden, Buttigieg, Sanders Promise Free Community College
Buttigieg was first asked why he does not support fulling funding a college education for students and said that he supports free community college. Biden also agreed that community colleges should be free. The question that was not asked is how much it would cost.
The American Enterprise Institute ran numbers and determined that it would cost $60 Billion dollars to start the free community college program. However, AEI has also stated that the total cost cannot be determined and is expected to be higher.
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The free college program was adopted in New York by Gov. Andrew Cuomo. Since its start, nearly 70% of all students who applied for the program were rejected. A total of 95,000 students applied for the scholarship and between 22,000 and 23,000 ended receiving it.
Sen Sanders recently introduced a bill called, “College for All Act.” The plan is estimated to cost taxpayers $75 billion-per-year. The plan does not mention whether it covers other costs such as books, but rather only examines tuition and required fees for students. The cost of textbooks has risen approximately 812% since 1989, according to the American Enterprise Institute.
Vance touts Trump economy gains during North Carolina tour, cites rising home purchases
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Breaking: Jasmine Crockett Security Officer Shot, Killed by SWAT Team
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Man accused of attacking TSA officers, seriously injuring Dallas cop at airport
Manhunt for Louisiana man wanted in deadly crash who may have fled state or country continues into sixth month
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Trump says US ‘obliterated’ targets in strike on key Iranian oil hub
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Andrew Yang Endorsed $1,000-per-person Universal Basic Income.
Andrew Yang, a former tech executive, outright endorsed a universal basic income of $1,000 per adult in the United States. However, when moderators asked how much it would cost and how his administration would pay for it, Yang struggled to answer the question and briefly froze. The Center on Budget and Policy Priorities estimates that a universal basic income plan would cost taxpayers $30 to $40 trillion dollars over ten years. Those numbers are most likely to be adjusted based on inflation and a rising cost of living.
If a President were elected who believes a basic universal income, the problem would be whether Congress would pass a bill and write it into law. As of right now, the House of Representatives is controlled by Democrats and the U.S. Senate is controlled by the Republicans. Whether Speaker Pelosi would adopt such a policy is not yet known. However, the likelihood that Leader McConnell would adopt such a policy is slim to none.
The Total Cost
Currently, taxpayers pay the federal government a total of $3.4 Trillion dollars and have a rising debt of $22.4 Trillion dollars as of this publication.
The total cost of the proposed programs is over $68 Trillion dollars, meaning the current revenue is not enough to cover them. Candidates have not stated whether they would have to borrow money or raise taxes. Either way, taxpayers will have to pay more.
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Breaking: Jasmine Crockett Security Officer Shot, Killed by SWAT Team
PR exec demands Senate Dems apologize for spreading ‘falsehoods’ about him during heated Noem hearing
Vance reveals $19B fraud uncovered in Minneapolis, hints California is next target
Man accused of attacking TSA officers, seriously injuring Dallas cop at airport
Manhunt for Louisiana man wanted in deadly crash who may have fled state or country continues into sixth month
Trump Kennedy Center’s new leader revealed as Ric Grenell exits top role
Cuban president reveals talks with Trump admin as fuel blockade chokes domestic energy supply and economy
High school senior charged with ‘random’ murder after 68-year-old woman found dead in Massachusetts home
GOP lawmakers would strip citizenship from terrorists after attacks tied to naturalized citizens
Prominent DC NeverTrumper Admits to Collaborating with Epstein in Bid to Take Down Trump
Trump says US ‘obliterated’ targets in strike on key Iranian oil hub
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The problem, how much will this truly cost and how will this affect the American people?
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