Tags: sanders | maher | pay | program | tax

Bernie Sanders to Bill Maher: 1 Percenters and 'a Bit More' Will Pay for My Plan


Saturday, 17 Oct 2015 01:28 PM

Democratic presidential candidate Bernie Sanders says he has a way to pay for his extensive list of benefits he wants to provide Americans: Tax not only the "one percent" but also those who don't quite reach the top earning levels in the country.

"We may have to go down a little bit lower than that — but not much lower," the Vermont independent senator told HBO talk show host Bill Maher.

"What people have to understand is right now people can’t afford to send their kids to college, and people are graduating school deeply in debt. Do I think we should join Germany and many other countries and encourage young people to get the education that they need, and make the country stronger? I sure do.”

The "Real Time With Bill Maher" host told Sanders he wanted to help his campaign and to demystify the word "socialist," as Americans "hear socialist and they think herpes."

But Sanders' call for free college, healthcare, and more will cost money, Maher said, and he doesn't think that billing "the people who own a yacht" will cover what he wants.

“Not true. Not true,” Sanders replied, complaining that the media has been "unfair and wrong."

The Wall Street Journal last month reported that Sanders' new programs would cost at least $18 trillion over a decade,  an amount that even concerns liberals, while creating the largest peacetime government expansion in modern times.

The plans which include $15 trillion for a healthcare program that covers all Americans, would also come with tax increases to collect up to $6.5 trillion over the same decade.

His plan and costs include:

  • Medicare (single-payer healthcare plan): $15 trillion
  • Social Security (increase benefits and bolster solvency): $1.2 trillion
  • Infrastructure (Rebuild roads, bridges and airports): $1 trillion
  • College Affordability (Tuition-free public schools and favorable loan refinancing): $750 billion
  • Paid Leave Fund (Allow workers paid family and medical leave) $319 billion
  • Bolster private pension funds (to prevent companies from cutting pensions): $29 billion
  • Youth jobs initiative ($1 million jobs for disadvantaged youth): $5.5 billion

Universal healthcare, Sanders admitted to Maher Friday, would cost a lot of money, but it would still be "much more cost-effective than this dysfunctional system we have right now."

Then Maher asked Sanders about paying for Social Security increases and free college tuition.

"We pay for it," Sanders said of Social Security. "We say that somebody who’s making $10 million should not end up paying the same amount as someone making $118,000."

Further, Sanders said his college plan calls for free tuition at public schools, not free college altogether, and he would pay for that through a tax on Wall Street speculation.

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Democratic presidential candidate Bernie Sanders says he has a way to pay for his extensive list of benefits he wants to provide Americans: Tax not only the "one percent" but also those who don't quite reach the top earning levels in the country.
sanders, maher, pay, program, tax
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2015-28-17
Saturday, 17 Oct 2015 01:28 PM
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