Bernie Sanders unveiled another new tax proposal on wealthy Americans Thursday; calling for higher brackets on “Executive Retirement Plans” to protect “blue-collar workers.”
“In America today, CEOs get unlimited tax breaks on billions in savings, while working people struggle to retire. We will end this $15-billion giveaway to corporate executives to use those funds to protect the pensions of 1.7 million blue-collar workers,” he posted on social media.
In America today, CEOs get unlimited tax breaks on billions in savings, while working people struggle to retire.
We will end this $15-billion giveaway to corporate executives to use those funds to protect the pensions of 1.7 million blue-collar workers.https://t.co/ZaLK7ntegx
— Bernie Sanders (@SenSanders) February 27, 2020
“It is outrageous that a corporate executive in America can get unlimited, special tax privileges on hundreds of millions of dollars in savings, while an ordinary worker can only get tax deferment of up to $19,500 on a 401(k),” the Senator said in a statement released by his Congressional office. “We are going to end these tax breaks for CEOs and use that money to protect 1.7 million workers who are worried about a decent retirement as they face instability in their current pension plans.”
Read the full report here.
Source: The Hill
ADD IT TO THE LIST: Fading Bernie Unveils His $2.5 TRILLION ‘Housing for All’ Plan, Calls for Tax Hikes
Fading Presidential hopeful Bernie Sanders unveiled his “Housing for All” plan Wednesday; calling for $2.5 trillion in new spending to expand government programs for low-income Americans.
“In the richest country in the history of the world, every American must have a safe, decent, accessible, and affordable home as a fundamental right,” writes Sanders. “For more than 40 years, we have had an affordable housing crisis in America that has only gotten worse. In America today, over 18 million families are paying more than 50 percent of their income on housing, while last year alone the five largest banks on Wall Street made a record-breaking $111 billion in profits.”
“If we are serious about addressing the affordable housing crisis, we need to build millions of apartments and homes throughout the country that will remain affordable in perpetuity to prevent displacement and serve future generations. And when we do that, we will create millions of good-paying jobs in the process,” adds Bernie.
The new proposal calls for $1.48 trillion to “build, rehabilitate, and preserve” affordable housing across the United States.
It calls for an additional $400 billion to construct 2 million new “units” and $500 million for “development in rural areas.”
Read Sanders’ full plan here.
ANOTHER FREEBIE? Bernie Sanders Vows to Provide ‘Year-Round, Free Universal School Meals’
Vermont Senator and 2020 presidential hopeful Bernie Sanders called for another federal program this week; saying the government should provide “year-round, free universal school meals” for every student in America.
“‘School lunch debt’ should not exist in the wealthiest country in the history of the world. When we are in the White House, we are going to provide year-round, free universal school meals,” posted Sanders on Instagram.
The school lunch program is the latest far-left proposal from Sanders, whose ‘Green New Deal’ would effectively nationalize upwards of 30% of the entire American economy.
“Atop our existing government spending, comprising some 40% of GDP, the Vermont Senator wouldn’t just nationalize one-fifth of the economy with a ‘Medicare For all’ bill eliminating private health insurance. Under his Green New Deal plan, he would also nationalize most of the energy sector,” reports the Washington Examiner.
“At a mere $16.3 trillion, the Sanders plan would go beyond simply spending measures to increase climate-focused research and development. It would literally centralize the means of domestic energy production,” adds the Examiner.
“What we need to do is have an aggressive federal government. You can’t nibble around the edges anymore. We need to transform our energy system, that means a massive increase in sustainable energy,” Sanders told MSNBC.
— RNC Research (@RNCResearch) August 23, 2019
“Climate change is a global emergency. The Amazon rainforest is burning, Greenland’s ice shelf is melting, and the Arctic is on fire. People across the country and the world are already experiencing the deadly consequences of our climate crisis, as extreme weather events like heat waves, wildfires, droughts, floods, and hurricanes upend entire communities, ecosystems, economies, and ways of life, as well as endanger millions of lives. Communities of color, working class people, and the global poor have borne and will bear this burden disproportionately,” writes Sanders.