3 Democrat Policies that Must Die for America to Survive
There's no disputing what Medicare-for-all would cost. The left-leaning Urban Institute and the right-leaning Mercatus Center at George Mason University estimate $32 trillion over 10 years. Rep. Alexandria Ocasio-Cortez (D-N.Y.) wants to hike the marginal rate on the uber-rich to 70 percent. That would raiseless than $1 trillion dollars in a decade, a mere fraction of the cost of Medicare-for-all.Sanders himself offered several tax-hike proposals, including a job-killing hike in the capital gains rate to as much as 64.2 percent, but all of his tax-hike proposals together would bring in less than half the revenue needed.Here's the bitter truth: According to Congressional Budget Office data, raising $32 trillion in tax revenue would require adding 36 percentage points to the marginal tax rate of every federal income taxpayer in the United States. Not just the rich — everyone. The single woman earning $82,500 and the couple earning $165,000 would see their rates soar from 24 percent to 60 percent. Ouch.