$16.2 trillion tax hikes to fund millionaire-socialist Bernie Sanders’ Medicare For All plan

Although he had never worked at a productive job in his life, Bernie Sanders, 77, the Demonrat senator of Vermont who fancies himself an “independent” but actually identifies as an outright socialist, is that curious oxymoronic creature — a millionaire socialist with three homes.

One of the three homes is a lakefront summer home in North Hero, Vermont, which Sanders purchased for $600,000 just five days after the 2016 Democratic National Convention, in which he sold out his idealistic millennial supporters by enthusiastically endorsing his rival, one-percenter Hillary Clinton who had used the Democratic National Committee to undermine his presidential campaign. The Democratic National Convention even called a SWAT team on Sanders’ delegates.

On February 19, 2019, Sanders joined the ever-growing list of Demonrat freaks and communists by declaring his candidacy for the 2020 presidential election, pledging to run a campaign focused on “transforming” the U.S. and “creating a government based on the principles of economic, social, racial and environmental justice” — blah, blah, blah. Shedding his political identity as an “Independent” as readily as a snake sheds its skin, Sanders will, once again, run as a Democrat, as he did in 2016.

3½ hours after announcing his candidacy, Sanders raised over $1 million from small donations. Within a week of his announcement, Sanders had raised $10 million from 359,914 donors, including some 12,000 registered Republicans.

Central to his campaign is a “Medicare for All” plan. What you may not know is that the plan is not just for all Americans or U.S. citizens, whether Medicare age (65 years) or not, Sanders means to extend Medicare to all residents in the United States, including the tens of millions who are here illegally. Even Obamacare doesn’t do that, but instead provides medical coverage to only U.S. citizens and “lawfully present” immigrants. Sanders’ Medicare for All, however, will not only prohibit the government from denying medical coverage because of “citizenship status”, it will cover even those who can’t meet the loose definition of resident — “Even if an individual is not covered under a broad definition of ‘residency’ by the secretary of HHS, the federal government can take steps ‘to ensure that every person in the United States has access to health care.'” (The Blaze)

Sanders’ insanely expansive and expensive Medicare for All will have to be funded — with what he calls tax hike “options”.

According to an estimate by Americans for Tax Reform, a nonprofit, 501(c)(4) taxpayer advocacy group founded in 1985 by Grover Norquist at the request of President Ronald Reagan, Sanders’ Medicare for All proposal will increase taxes by $16.2 trillion over ten years, which “would hit American families at every income level and businesses large and small.”

The dizzying list of proposed tax hikes will include:

  1. A new 4% employee payroll tax: Sanders would impose another 4% payroll tax on top of existing payroll taxes. This new 4% payroll tax will be “income-based premium paid by employees,” which will  increase taxes on American families and individuals by $3.9 trillion.
  2. A new 7% employer payroll tax: Sanders would impose another 7% payroll tax on employees which he calls an “income-based premium paid by employers”, estimated to be a $3.5 trillion tax increase over ten years.
  3. Eliminating health tax “expenditures”: Sanders’ Medicare for All proposal would ban employer-provided insurance and repeal the deduction for health care and the Health Savings Accounts utilized by about 25 million U.S. families, mainly the middle class. The deduction for cafeteria plans and the medical expense deduction is also eliminated. All of which will increase taxes on families and businesses by $4.2 trillion.
  4. 70% top tax bracket for ordinary income and capital gains income, which would make America the highest income tax rate in the world. According to the Tax Foundation, a top 70% rate for ordinary income and capital gains income above $10 million will raise $51.4 billion over a decade. After accounting for macroeconomic effects, the proposal would actually cost the government $63.5 billion because the proposal would suppress investment and economic growth.
  5. 77% death tax: Currently, the death tax applies to estates over $11 million and applies a 40% rate. Under Sanders’ proposal, the death tax would kick in at $3.5 million with a rate of 45%. He also proposes raising the death tax rate to 77% for inheritances. All of which will increase taxes by $2.2 trillion over ten years.
  6. Wealth tax: Sanders proposes an annual wealth tax of 1 percent kicking in above $21 million in assets. Sanders estimates the proposal will increase taxes by $1.3 trillion over ten years.
  7. Bank tax: Sanders proposes a tax on financial institutions totaling $800 billion over ten years.
  8. Broaden the self employment tax: Sanders would require business owners to report more of their business income as salary, increasing the amount of self-employment tax owed, which would increase taxes by $247 billion over ten years.

U.S. national debt is already over $22 TRILLION. Imagine what Medicare for All taxes would do to our national debt. It would kill this country.

See also:

~Eowyn

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Dr. EowynDCGFlandersFlandersYouKnowWho Recent comment authors
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DCG
Admin

I don’t think the grumpy old man has a good shot of winning the 2020 race so hopefully this plan is a pipe dream…

Lophatt
Member
Lophatt

How does one “ban” employer-provided health plans? So anyone wanting something different can’t have it? These guys are the ultimate control freaks. “The Bern” has one of the best health plans available. I’ll be he won’t be cashing that in anytime soon.

Auntie Lulu
Guest
Auntie Lulu

Lophatt . . . Of course not, those who write the laws, because of their superior intellect and caring concern for the rest of us peons (Sarc} deserve to have only Cadillac health care plans. I would not want anyone to hold their breath waiting for these folks to forgo their Cadillac plans . . . it just won’t happen.

William
Member
William

He used up his “cool uncle Bernie” routine with the young folks. They’ve moved on to the AOC-types. Doddering old Marxists aren’t cool anymore, Latina communist bartenders with crazy eyes are the thing now

Lophatt
Member
Lophatt

I notice that whenever I dare to criticize “Bernie the Red” here someone down votes me. Strange. Is that you, Bern?

William
Member
William

a down vote for DCG too. Nothing on mine but they just came up. Either that or I’m not being harsh enough on the old Red Diaper Baby/Stalinist. “Feel the Bern” is a follower of FOTM. Who knew. He saw “fellowship” and misunderstood it to mean “collective”

Auntie Lulu
Guest
Auntie Lulu

Lophatt . . . It is either “the Bern,” or some leftist troll sitting in their parent’s basement attempting to improve the world by trolling sites where real thinking, taxpaying, individuals congregate. May this person develop carpel tunnel syndrome for their efforts.

Lophatt
Member
Lophatt

Yep. There’s one out there Lulu. Every so often he comes for me. I’ve gotta keep the wasp spray handy.

YouKnowWho
Guest
YouKnowWho

And Teeth like a horse!

Lophatt
Member
Lophatt

“…of course, and they call her Missus Ed”.

Jackie Puppet
Member

Who knows how he might’ve done if Hillary didn’t rig the primaries against him – there’s plenty of stupid people out there.

My mom actually voted for him in the primaries – probably the “free” healthcare. I gave her a little bit of flak for being a Communist, and that she should’ve known better.

Auntie Lulu
Guest
Auntie Lulu

Jackie . . . I know firsthand what its like to have family members, nieces and nephews, who are off the rails Socialists. I may just live to have the last laugh on them . . . since I have no children or husband, I am planning on NOT leaving anything to those who feel that the Communist way of life is better than Capitalism. Why give a Socialist/Communist a “helping hand” . . . better the money goes to my Church where it would do some good.

YouKnowWho
Guest
YouKnowWho

More like a smokescreen.

Lana
Guest
Lana

“how does one bad employer- provided health plans?” Last time I looked Communists never worried about the legalities of anything they want to push through. After all they are dictators and their whim is the law they live by. Used to be we could laugh at morons, and freaks like Sanders, but since half the country is ill informed and brainwashed we are teetering on the edge. I don’t think he can make it this time but there is time in the near future when the boomers will be gone and the mindless hordes will elect a Bernie clone gladly.… Read more »

Lophatt
Member
Lophatt

comment image?width=600&auto=webp&s=3a224c6faccef65b2b6d9170ae93f875a02677b7

Lana
Guest
Lana

So sad, so true!

Auntie Lulu
Guest
Auntie Lulu

Lana . . . As sad as it is, you are correct . . . us baby-boomers are the last of the Guardians of the Constitution, and the glory that is the freedom of this nation. Young people have been so severely brain washed that they have no idea of the peril they are in . . . just like the frogs who currently sit in relatively cold water As far as the “who votes these creeps into office” . . . I think that by n large far too many people are lazy, they do not research the backgrounds… Read more »

Lana
Guest
Lana

Yes I guess, who votes for these creeps was somewhat of a rhetorical question.My amazement if that there are soooooo many of them! There are indeed smooth lines bandied about, I just can’t believe anyone could listen long enough to any of them after they take one look at the likes of a Swalwell. Guy makes me want to hurl. .

Lophatt
Member
Lophatt

That’s why they have “Pete the Buttplug” all wired up and ready to go.

DCG
Admin

Buttplug…ha, that’s what I call him, too.

The guy’s web site is so WEAK on actual issues (by design, I’m sure). There is not ONE page devoted to his issues or policies. It’s all word salad: https://peteforamerica.com/

He touts a medal he earned in the sandbox. A medal that anyone who goes there and stays outta trouble will receive. Bet even Bradley Manning has the same medal…

DCG
Admin

PBS has a list of Buttplug’s stances on issues and they couldn’t be more vanilla and unoriginal…

https://www.pbs.org/newshour/politics/what-does-pete-buttigieg-believe-where-the-candidate-stands-on-7-issues

Lana
Guest
Lana

No kidding. I see him as the next Macron. Rhodes scholar and all….talk about about having been groomed! Amazing how one can see it a mile away while the rest are sold and then fawn dutifully.

I can’t believe they are pushing him as the potentially ” first gay prez!
Are there really that many out there who were oblivious to Obongo’s gayness and he-man wife, or is this just more gas lighting?!

Lophatt
Member
Lophatt

Somebody queue the banjos. Here’s another “sexually enlightened” example of modern “tolerance”. Where is he when you need him? He’s getting hamburger for Shep.

https://sputniknews.com/us/201904151074152029-cop-sex-dog-k9/

William
Member
William

You’re absolutely right, they couldn’t care less about legalities or constitutionality, they care only about power. I cannot account for his popularity in VT; if you go there you feel like you’re in Alabama. Poor, overwhelmingly white, no large cities, lots of Christian patriots. And Sanders was originally elected as a socialist! He adopted the independent schtick after he became more prominent. Now it can be told – I voted for him in 2004 when I lived there. On a paper ballot no less. One of a long list of things in my life that seemed like a good idea… Read more »

William
Member
William

This was meant as a reply for Lana but mis-followed the lines again

Lana
Guest
Lana

Thanks for your candor William! Would it make you feel any better if I told you I voted for slick Willy the first time around? I was a political innocent at the time. Fortunately his second term coincided with my awakening to all things dark and evil when it comes to the ruling elite. I think someone put one of John Colemen’s tapes into my hand. I listened and never looked back. At least we can give ourselves some credit for waking up. I shared those tapes with numerous people who blew off the info as ” preposterous”. What, conspiracy… Read more »

William
Member
William

The Sanders plan is of course insane, ding-dong batsh*t crazy. The national debt is much higher than the 22 trillion that they acknowledge and is in fact unpayable. The only solution is to flip the monopoly board and start over but the cartel of private banks known as the Federal Reserve, which is neither federal nor does it have anything in reserve other than numbers, isn’t going to allow that. The last one to try, kinda, sorta, was JFK when he issued his “real money” silver certificates (I remember them) and that didn’t end well. If even a fraction of… Read more »

william chandler
Guest
william chandler

That filthy lifelong Coward: This should apply to ALL who pose as liberals but live as Conservatives and then attack Conservatives for daring to defend themselves. Make them walk home with their groceries through the gang infested streets that their “liberalism” create We need the “Close RACIST LIBERAL HYPOCRITE BIGOT Bernie Sanders loopholes” Act…. if you demonstrate & DEMAND people integrate —- YOU have to live in a DIVERSE neighborhood !!!!!! MOVE Sanders into the Chicago Ghetto so he can spend his declining years mixing with those he SAYS he loves. Don’t you DARE demand I integrate while YOU RUN… Read more »

Auntie Lulu
Guest
Auntie Lulu

There is no doubt that “old man Sanders” is a nincompoop, a charlatan, a lazy loafer, and he should never have been put into a position where he was in charge of making laws that would govern anyone!

YouKnowWho
Guest
YouKnowWho

sanders won’t make it through the campaign. He’s a doddering old fool and if he were to get the nod he’d be the real weekend at bernie;’s. They’ll have to drag him across the finish line.
That’s all the time I have to waste on this boob.

Lophatt
Member
Lophatt

Maybe we can get him and Hillary involved in a three-legged race. All you have to do is troll a dollar in front of them. People need to question their own sanity if they plan to vote for these creatures.

Flanders
Guest
Flanders

Bernie was a leader in this international “youth movement”, Hashomer Hatzair. Don’t be fooled by the jew’s misleading public descriptions. They teach and organize their members into “socialistic” communist networking groups. Most Americans have never heard about it or the many other jew leftist groups, all of them with similar aims. They’ve been operating inside America for many years, I think I have some links showing it goes back to the 1920’s. They also operate in most other White countries and non-jews in those other counties are not even aware, either. The “soft” and stealth indoctrinations often originate from the… Read more »

Flanders
Guest
Flanders

“Hashomer Hatzair and AJYAL Educating Syrian Refugees” “Hashomer Hatzair, its Arab division AJYAL and Natan-International Humanitarian Aid are fundraising to create an educational center for Syrian refugees on the island of Chios in Greece. Hashomer Hatzair and AJYAL counselors will operate the center and train local educators. So far they have raised about a quarter of the capital needed to get the project running. “Chios is the closest island to Turkey and about 4,000 refugees reside on it,” says Yair Liebel, the Hashomer Hatzair coordinator for the project.” http://www.progressiveisrael.org/hashomer-hatzair-and-ajyal-educating-syrian-refugees/ —–>> “One more important detail: Israeli electoral maps show clearly that… Read more »

Flanders
Guest
Flanders

There are comments in moderation which will explain about this link.

“Hashomer Hatzair World Movement”

http://www.hashomer-hatzair.net/cgi-webaxy/item?enIndex

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