Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Study: Sanders' economic plan piles $18T on federal debt

 


WASHINGTON — Sen. Bernie Sanders' tax and spending proposals would provide new levels of health and education benefits for American families, but they'd also blow an $18-trillion hole in federal deficits, piling on so much debt they would damage the economy.

That sobering assessment comes from a joint analysis released Monday by the nonpartisan Urban-Brookings Tax Policy Center and the Urban Institute Health Policy Center, well-known Washington think tanks.

Democratic presidential candidate Sanders would raise taxes by more than $15 trillion over 10 years, with most of that paid by upper-income earners.

http://www.startribune.com/study-sanders-economic-plan-piles-18t-on-federal-debt/378669441/

 

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