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.
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Thune-aligned groups unleash historic war chest to defend Senate majority: ‘Winning message’
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Linda McMahon vows crackdown on teachers sexually harassing students: ‘Must end’
Enes Kanter Freedom ejected from WNBA game after courtside confrontation with WNBA player
Suspect in deaths of 5 found dead after cops uncover grim scene at rural property outside Portland
Lindsay Clancy’s three child victims forgotten amid crowds of support: mother of six
College grad reportedly dies in Six Flags roller coaster incident as family sues theme park
California dad paralyzed from neck down after diving into ocean to rescue child
City in Anti-2A State Has 7 Times the Murders of Cities in State That Respects Gun Rights
House Ethics Committee Opens Investigation Into Democrat Rep Jimmy Gomez For Sexual Misconduct
Harvard Still Employs Professor Whose Emails with Epstein Mentioned Spies And Torture
WATCH: Young bear takes rough tumble from Denver tree after wildlife officers tranquilize it
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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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Thune-aligned groups unleash historic war chest to defend Senate majority: ‘Winning message’
AI’s massive appetite for power, water ignites fight in high-stakes Texas Senate race
Linda McMahon vows crackdown on teachers sexually harassing students: ‘Must end’
Enes Kanter Freedom ejected from WNBA game after courtside confrontation with WNBA player
Suspect in deaths of 5 found dead after cops uncover grim scene at rural property outside Portland
Lindsay Clancy’s three child victims forgotten amid crowds of support: mother of six
College grad reportedly dies in Six Flags roller coaster incident as family sues theme park
California dad paralyzed from neck down after diving into ocean to rescue child
City in Anti-2A State Has 7 Times the Murders of Cities in State That Respects Gun Rights
House Ethics Committee Opens Investigation Into Democrat Rep Jimmy Gomez For Sexual Misconduct
Harvard Still Employs Professor Whose Emails with Epstein Mentioned Spies And Torture
WATCH: Young bear takes rough tumble from Denver tree after wildlife officers tranquilize it
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The problem, how much will this truly cost and how will this affect the American people?
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