Saturday, June 8, 2019

Sweeping plans from 2020 contenders come with trillion-dollar price tags

Washington Gov. 's "Global Climate Mobilization" plan, hailed by environmental activists as the gold standard, would cost the U.S. government $3 trillion over the next decade.

Sen. 's proposal to eliminate tuition at public colleges and erase existing student debt carries a $1.25 trillion price tag.

Sen. 's "Medicare for All" bill, cosponsored by four other 2020 Democrats, would require $32 trillion in government spending, according to one study.

The Democrats have proposed a raft of smaller plans as well, such as Sen. 's plan to raise teacher pay or Sen. 's proposal to make rent more affordable through housing credits, both of which reach into the hundreds of billions.

"It's very common with these health care plans that they're very popular at the bumper sticker level and then become less popular as more details come out," said Larry Levitt, the senior vice president for health reform at the Kaiser Family Foundation.

Biden released a plan this week calling for $1.7 trillion in federal spending over 10 years, with trillions more coming from private sector investments.

An analysis for Warren's campaign conducted by Mark Zandi, chief economist for Moody's Analytics, estimated her $2 trillion environmental spending plan would add only $100 billion to the deficit.

https://thehill.com/homenews/campaign/447515-sweeping-plans-from-2020-contenders-come-with-trillion-dollar-price-tags

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