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Bernie Sanders Wants to Raise Taxes by $19.6 Trillion (Yes, You Read That Right)

If Bernie Sanders was elected President of the United States, he would tax Americans an additional $19.6 trillion over the next decade.

(Yes, you read that right. That’s trillion, with a “t”…)

The Washington Examiner reports:

Taken together, Sanders is proposing $19.6 trillion in new taxes over a decade, according to an analysis by the Washington Examiner, of which $14 trillion would come from his healthcare plan alone. To put that in perspective, the Congressional Budget Office projects that federal revenues over the next 10 years will be a total of $41.6 trillion, meaning that Sanders would raise taxes by 47 percent over current levels.

The Examiner also put together a list of the proposed tax increases, which is enough to make you cry:

Sanders2

What planet is Bernie Sanders living on?

Every dollar of those taxes is a dollar not spent on small businesses, or creating jobs, or investing in homes, or saving for retirement, or paying off student loans. The short and long run economic effects of a tax increase of this magnitude would be devastating.

By the way, the GDP of the entire United States was $16.77 trillion in 2013. That’s right- Bernie Sanders wants to tax away more than 10% of the nation’s GDP every year, on TOP of the current tax rates.

#FeelTheTaxBern

Tom Borelli

Dr. Tom Borelli is a contributor to Conservative Review and is a TV and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for ConservativeReview.com, The Washington Times and authored articles for Newsmax magazine. Dr. Borelli is also a regular political panelist on NewsmaxTV and i24 News he also co-hosts radio programs on SiriusXM Patriot with his wife Deneen Borelli. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

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