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2020 Dems Want to Spend $40 Trillion, but Their Tax Hikes Would Raise Only $4 Trillion

2020 Dems Want to Spend $40 Trillion, but Their Tax Hikes Would Raise Only $4 Trillion
Sen. Bernie Sanders (I-Vt.) speaks during a health care rally in San Francisco on Sept. 22, 2017. Justin Sullivan/Getty Images
Mark Tapscott
Mark Tapscott
Senior Congressional Correspondent
|Updated:

Democratic presidential candidates’ spending programs such as Medicare for All and free college tuition would cost, on average, $40 trillion over 10 years, but their “tax the rich” plans will only raise about $4 trillion, according to a new study.

The list of new spending ideas put forth by the top Democratic presidential seekers runs the gamut from the Green New Deal and more generous Social Security benefits to universal child-care and student debt cancellation.

Mark Tapscott
Mark Tapscott
Senior Congressional Correspondent
Mark Tapscott is an award-winning senior Congressional correspondent for The Epoch Times. He covers Congress, national politics, and policy. Mr. Tapscott previously worked for Washington Times, Washington Examiner, Montgomery Journal, and Daily Caller News Foundation.
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