Democratic presidential candidate, Sen. Bernie Sanders, I-Vt. speaks at a campaign rally, Monday, May 9, 2016, in Atlantic City, N.J. (AP Photo/Mel Evans)
May 09, 2016 - 10:03 AM
WASHINGTON - A nonpartisan analysis finds Sen. Bernie Sanders' tax and spending proposals would provide new levels of health and education benefits for American families.
But they'd also blow an $18-trillion hole in federal deficits over 10 years, piling on so much debt they would damage the economy.
That sobering assessment comes from twin studies released Monday by the Urban-Brookings Tax Policy Center and the Urban Institute Health Policy Center, two well-known Washington think tanks.
Sanders would raise taxes by more than $15 trillion over 10 years, with most of that paid by upper-income earners.
But the bottom line is his proposed government-run health care system, along with free undergraduate college, enhanced Social Security, family and medical leave and other new programs would spend far more.
News from © The Associated Press, 2016