Bernie to NH Voter: You'll Pay a 'Little More' in Taxes (VIDEO)
This would all be well and good but for the facts that he's not just proposing tax increases for health care and, oh yeah, he's way off on that one:
Sanders argues that most people’s average income tax rate won’t change, but this is only true if you exclude the two major taxes meant to pay for his health care program: a 2.2 percent “premium” tax and 6.2 percent payroll tax, imposed on incomes across the board. These taxes account for majority of the new revenue Sanders is counting on.
But it gets worse: his single-payer health care plan will cost 80 percent more than he claims. Analysis by the left-leaning scholar Kenneth Thorpe (who supports single payer) concludes that Sanders’ proposal will cost $1.1 trillion more each year than he claims. The trillion dollar discrepancy results from some questionable assumptions in Sanders’ numbers. For instance:
Sanders assumes $324 billion more per year in prescription drug savings than Thorpe does. Thorpe argues that this is wildly implausible.
“In 2014 private health plans paid a TOTAL of $132 billion on prescription drugs and nationally we spent $305 billion,” he writes in an email. “With their savings drug spending nationally would be negative.”
So unless pharmaceutical companies start paying you to take their drugs, the Sanders administration will need to increase taxes even more.
There you have it. If you just pretend a lot, then everything Grandpa Free **** says here is perfectly true: