Study: Sanders' economic plan piles $18T on federal debt

[w4rma]

13. Study: Most would see net benefits from Sanders's proposals

All but the wealthiest households would see net income gains under Democratic presidential candidate Bernie Sanders’s proposals, according to a report released Monday.

“For most households, additional government benefits would more than offset the tax increases,” the non-partisan Urban-Brookings Tax Policy Center (TPC) said in the report.
…
TPC found that the average tax burden would increase by about $9,000 in 2017 but the average amount of benefits would increase by more than $13,000. As a result, households would on average receive a net income gain of almost $4,300 under Sanders’s proposals, TPC said.

Households in the bottom fifth of income would on average receive a net gain of more than $10,000, and those in the middle fifth of income would have an average gain of about $8,500. Those in the top 5 percent of income would see a net loss of about $111,000, TPC said.

“We have never seen a proposal as progressive” as Sanders’s, Burman said.

http://thehill.com/policy/finance/279201-study-most-would-see-net-benefits-from-sanderss-proposals