Progressive Democrats eyeing a White House run in 2020 are literally lying about the economy to sell their pie-in-the-sky government programs.
Liz Warren, Cory Booker, Kamala Harris and Bernie Sanders and former President Barack Obama cabinet member Julian Castro are backing various forms of universal "Free" health care, "Free" college, student loan forgiveness and a guaranteed paycheck from Uncle Sam.
Sanders' universal health care scheme comes in at $32 trillion in government spending over 10 years.
The federal government is projected to collect $44 trillion in tax revenues over 10 years.
Fraudulent, because their tax hike on the rich would raise, at most, $720 billion over 10 years, according to Mark Mazur, a former Treasury Department official now at the centrist Tax Policy Center.
To put the cost of their colossal giveaways in perspective, actually raising $42.5 trillion would require a whopping 87 percent national sales tax on everything Americans buy, says Riedl.
Now Democrats are pledging to reverse those cuts and pile on more taxes if they capture the White House in 2020.
https://nypost.com/2019/01/08/democrats-are-campaigning-to-end-prosperity/
Liz Warren, Cory Booker, Kamala Harris and Bernie Sanders and former President Barack Obama cabinet member Julian Castro are backing various forms of universal "Free" health care, "Free" college, student loan forgiveness and a guaranteed paycheck from Uncle Sam.
Sanders' universal health care scheme comes in at $32 trillion in government spending over 10 years.
The federal government is projected to collect $44 trillion in tax revenues over 10 years.
Fraudulent, because their tax hike on the rich would raise, at most, $720 billion over 10 years, according to Mark Mazur, a former Treasury Department official now at the centrist Tax Policy Center.
To put the cost of their colossal giveaways in perspective, actually raising $42.5 trillion would require a whopping 87 percent national sales tax on everything Americans buy, says Riedl.
Now Democrats are pledging to reverse those cuts and pile on more taxes if they capture the White House in 2020.
https://nypost.com/2019/01/08/democrats-are-campaigning-to-end-prosperity/
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