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News & Current Events Discuss Sanders would raise payroll taxes on everyone to fund paid family leave at the General Forum; Free college and healthcare for all - how would Bernie Sanders pay for it? - Oct. 16, 2015 Election 2016: ...

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Old 10-20-2015, 12:37 PM
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Default Re: Sanders would raise payroll taxes on everyone to fund paid family leave

Free college and healthcare for all - how would Bernie Sanders pay for it? - Oct. 16, 2015

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Election 2016: Your money, your vote

Free college and healthcare for all - how would Bernie Sanders pay for it?

Bernie Sanders' plan sure sounds good: Make tuition free at all public colleges and universities. Expand Medicare to all Americans so no one would go without health insurance.

Rebuild Americans' crumbling roads, bridges, airports, public transit systems and ports. Create 1 million jobs for disadvantaged youth.

But the proposals would be pretty pricey, costing trillions of dollars.

How does Sanders want to pay for it all? He would turn to the wealthy, Wall Street and corporate America.

Sanders has laid out certain proposals, along with how he'd pay for them. But he's remained mum on what could be the costliest: universal health care.

Also, only some of his tax revenue estimates have been confirmed by government agencies and well-known think tanks. Some tax policy experts question how much you can really squeeze from the upper crust and corporations.

For instance, increasing the top income tax rate to 50%, from the current 39.6%, would only bring in an additional $96 billion in tax revenue, according to a recent analysis by the Brookings Institution. (Sanders has not suggested raising the top rate.)

"You could get more from the rich than we currently get, but it's not a bottomless pot," said Roberton Williams, senior fellow at the Tax Policy Center. Increasing taxes on the wealthy might yield a couple of hundred billion more a year, he said.

Let's look more specifically at Sanders' College for All plan.

"I want Wall Street now to help kids in this country go to college, public colleges and universities, free with a Wall Street speculation tax," Sanders said at Tuesday's Democratic debate on CNN.

Here's how it would work: The federal government would pay $2 in matching funds for every dollar states spend on making tuition free at public colleges and universities. Also, it would cut student loan interest rates to about 2% for undergraduates, and allow those with student debt to refinance at low rates. The pricetag: up to $750 billion over 10 years.

To pay for it, Sanders would impose a 0.5% fee on stock trades, 0.1% fee on bonds and a 0.005% fee on derivatives. This would raise up to $300 billion a year, according to Warren Gunnels, his policy director, citing a 2012 University of Massachusetts Amherst report.

But a Tax Policy Center report that looked at levying a 0.5% fee on stock trades -- along with an average 0.5% fee on bonds and 0.05% fee on derivatives -- found that it would only raise about $51 billion a year, said Steve Rosenthal, a Tax Policy Center senior fellow.

Gunnels called the center's report "conservative."

Another Sanders proposal is to invest $1 trillion over five years in infrastructure, which would not only repair roads and bridges but also put 13 million Americans to work. He'd fund it by making corporations pay taxes on the profits earned abroad or shifted offshore.

Under current law, a U.S. business would have to pay corporate taxes on profits it makes abroad only if it brings the money back to the United States. The company may take a foreign tax credit on its U.S. return for any taxes paid on those profits to another government. Gunnels pointed to a letter from a panel of 24 tax experts that said this policy costs the government $900 billion over a decade.

Sanders also wants to increase Social Security benefits and extend the entitlement's lifespan by subjecting income above $250,000 to payroll tax. (The current payroll tax threshold is $118,500.)

And he would create 1 million jobs for disadvantaged youth -- at a price tag of $5.5 billion -- by taxing hedge fund managers' profits at ordinary income tax rates. This tax proposal would bring in $15.6 billion over 10 years, according to the Congressional Joint Committee on Taxation.

It remains to be seen how Sanders would pay for Medicare for All, which could cost more than all his other programs combined. But he promises that middle- and lower-income Americans will pay less than they do now for private insurance.

"The wealthy will be asked to pay more in taxes," Gunnels said.
CNNMoney Senior Writer Jeanne Sahadi contributed to this story.

CNNMoney (New York) October 16, 2015: 8:18 AM ET
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Old 10-20-2015, 12:40 PM
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Default Re: Sanders would raise payroll taxes on everyone to fund paid family leave

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Originally Posted by Mikeyy View Post
I am not arguing what Bernie says. I don't trust the poster or the source for context. I would imaging Bernie has this plan and a lot of plans he would like to see done. Maybe some would offste others. I don't know. I know if Bernie was elected he would have to compromise any of his plans. But I like that someone has the middle class as a priority in this country. Good for him.
Ah yes, Mikeyy's favorite excuse invoke "context" like a magic amulet to avoid unpleasant reality. Naturally the so-called context is never explained.

You imagine Bernie has a plan that might offset this one but just like the "context" no explanation of what these plans might be. So, we have the fact of what Bernie said versus what you imagine. It is difficult to imagine an easier choice.
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Old 10-20-2015, 12:41 PM
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Default Re: Sanders would raise payroll taxes on everyone to fund paid family leave

I have no idea who that source is but why can't you just check what Bernie proposes instead of finding spun sources? Seems easy enough.

https://berniesanders.com/issues/

There ya go. A direct link


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Originally Posted by CindyB View Post
https://blogs.law.harvard.edu/philg/...come-tax-rate/




WOW, it is from a VERY credible LEFT wing source, what do you know? lol
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Old 10-20-2015, 12:42 PM
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Default Re: Sanders would raise payroll taxes on everyone to fund paid family leave

You too?

https://berniesanders.com/issues/

There ya go


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Originally Posted by AZRWinger View Post
Ah yes, Mikeyy's favorite excuse invoke "context" like a magic amulet to avoid unpleasant reality. Naturally the so-called context is never explained.

You imagine Bernie has a plan that might offset this one but just like the "context" no explanation of what these plans might be. So, we have the fact of what Bernie said versus what you imagine. It is difficult to imagine an easier choice.
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Old 10-20-2015, 12:53 PM
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Default Re: Sanders would raise payroll taxes on everyone to fund paid family leave

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Originally Posted by Mikeyy View Post
I am not arguing what Bernie says. I don't trust the poster or the source for context. I would imaging Bernie has this plan and a lot of plans he would like to see done. Maybe some would offste others. I don't know. I know if Bernie was elected he would have to compromise any of his plans. But I like that someone has the middle class as a priority in this country. Good for him.
Then do your own homework. Start with Redds posted thread. Try Google, if you know how to use it.

If you don't know, and I agree, you seldom do, then why do you post nonsense so often?

If Bernie was all about the middle class, then the title would say something other than payroll taxes on everyone.
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Old 10-20-2015, 12:56 PM
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Default Re: Sanders would raise payroll taxes on everyone to fund paid family leave

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Originally Posted by Mikeyy View Post
Oh, I have to research for you cannot explain what you imagined Bernie's policies are. All you can do is pop off with some ridiculous random thought passing from your imagination the rest of us are supposed to research for you.

Again what are these policies that will offset the increase in payroll tax Sander's wants? Just posting a link exposes your lack of credibility, show us for once you are capable of intelligent discussion.

Trump's plans were immediately assailed as adding $10 trillion to the debt over ten years. So far Bernie's proposed give aways add an additional $18 trillion to the debt over a decade. Please explain how Bernie will pay for these goodies without increasing taxes on the middle class using the static analysis methodology the Democrats are so fond of touting when attacking Republicans.
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Old 10-20-2015, 01:48 PM
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Default Re: Sanders would raise payroll taxes on everyone to fund paid family leave

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Originally Posted by Mikeyy View Post
Before I let the right and Brietbart tell me about what Bernie thinks and proposes I think I will wait to hear it from Bernie. It's not that I don't trust you guys....well, yes it is.

We are not changing our minds over what you post. Clearly, you aren't interested in hearing what we post,

So the question to your sanity rests on this query,,,, WHY ARE YOU HANGING AROUND GUYS YOU DON'T TRUST?


Now to the subject of the tread,

Bernie's proposals presume working Americans don't mind more than the current 15% Social Security tax and 10% to 35% payroll income taxes so that we have about 50% of our wages left to buy "stuff" and pay up to 10% sales taxes, along with State fees, property and income taxes. Of Course those Citizens who do not earn any income, passive or active, would be more than happy to share the wealth and benefits of those who do.

See CindyB's post #11 for details.

The more social programs and subsidies we create and make available, the larger the voter population who would not oppose placing such burdens on the wage earners. Net result is a dependent lower class and an influential group of 1%'s with the power to maintain their elite positions without any competition from upstart members of the working middle class.

What could possibly go wrong with that?
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Last edited by FrancSevin; 10-20-2015 at 01:59 PM..
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Old 10-20-2015, 03:18 PM
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Default Re: Sanders would raise payroll taxes on everyone to fund paid family leave

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FrancSevin;780433]We are not changing our minds
You always talk like you represent some group. Talk for and represent yourself. Not "we" or "our". You, That is who you need to represent.
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Old 10-20-2015, 04:55 PM
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Default Re: Sanders would raise payroll taxes on everyone to fund paid family leave

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Originally Posted by Mikeyy View Post
I have no idea who that source is but why can't you just check what Bernie proposes instead of finding spun sources? Seems easy enough.

https://berniesanders.com/issues/

There ya go. A direct link
You are the one that asked for a reliable source silly boy.

I guess you have never heard of Harvard.edu
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Old 10-20-2015, 05:01 PM
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Default Re: Sanders would raise payroll taxes on everyone to fund paid family leave

Whatever Bernie proposes, he can go phoque himself.
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