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.
Two helicopters collide midair near Oregon airport with three people aboard, FAA confirms
Chili’s customers suffer chemical burns after dangerous margarita mix-up
A ghost story in the nation’s Capitol
El-Sayed’s Father Connected to Charity Once Accused of Financially Aiding Saddam Hussein
Minnesota official’s voter guide message on Somali TV triggers viral backlash: ‘Not an accident’
PHOTOS: Trump hosts trick-or-treaters at White House Halloween event
US dual citizen extradited to El Salvador, accused of killing son’s mother and abandoning toddler: DOJ
Harris pushes Georgia Democrats to turn ‘pain into purpose’ in fight against ‘tyrant’ Trump
Watch: Shattered Glass on Ground as DOJ Agents Hit Minneapolis Fraudsters Hard, Launching Multiple Simultaneous Raids Around City
Trump Admin Exposes North Korean Tech-Hiring Scam, US Companies Were Funding the Country’s Weapons
National Democrats leave Mary Peltola to fend for herself amid Alaska Senate scandal
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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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PHOTOS: Trump hosts trick-or-treaters at White House Halloween event
US dual citizen extradited to El Salvador, accused of killing son’s mother and abandoning toddler: DOJ
Harris pushes Georgia Democrats to turn ‘pain into purpose’ in fight against ‘tyrant’ Trump
Watch: Shattered Glass on Ground as DOJ Agents Hit Minneapolis Fraudsters Hard, Launching Multiple Simultaneous Raids Around City
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National Democrats leave Mary Peltola to fend for herself amid Alaska Senate scandal
Breaking: Sir Patrick Stewart, Legend from Star Trek and X-Men, Has Died Due to Previously Undisclosed Health Issues
Judge grills AG’s office in Cornell sex assault case as ex-frat bro’s lawyer demands ouster over alleged bias
9 Alleged Cartel-Linked Train Bandits Arrested in California
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The problem, how much will this truly cost and how will this affect the American people?
Story cited here.
