Tags: Healthcare Reform | Trump Administration | Trump Tax Reform | bernie sanders | gop | senate | repeal and replace

Bernie Sanders Rips GOP Tax Plan: 'Terrible Proposal'

Bernie Sanders Rips GOP Tax Plan: 'Terrible Proposal'
Sen. Bernie Sanders, I-Vt (J. Scott Applewhite/AP)

By    |   Wednesday, 15 November 2017 10:15 PM

Sen. Bernie Sanders on Wednesday ripped the Republican tax-reform plan as a "terrible proposal" being "paid for by the billionaire class who control the political process."

"It's a bad idea," Sanders, the Vermont Independent and 2016 Democratic presidential candidate, told Anderson Cooper on CNN.

"It's going to throw 13 million Americans off the health insurance they currently have, including about six million people on Medicaid.

"It's going to raise premiums by about 10 percent for ordinary Americans."

House Republicans are scheduled to vote Friday for the reform legislation they introduced earlier this month, with Majority Whip Steve Scalise saying Wednesday "failure is not an option."

The Congressional Budget Office has estimated repealing the Obamacare individual mandate — floated Tuesday in the Senate's version — would leave 13 million Americans without coverage.

It also would reduce the federal deficit by $338 billion over a decade.

Sanders attributed both plans to GOP's effort to "give huge tax breaks to corporations and make them permanent.

"What this whole business is about is the power that big money has in American politics, as a result of our corrupt campaign-finance system.

"Billionaires and millionaires have brought hundreds of millions of dollars into the political process, supporting Republican candidates — and today is payback time for them.

"Huge tax breaks for the rich, huge tax breaks for multinational corporations," Sanders said. "Meanwhile, at the end of 10 years, tens of millions of American families in the middle class are going to be paying for more taxes."

© 2018 Newsmax. All rights reserved.

   
1Like our page
2Share
Politics
Sen. Bernie Sanders on Wednesday ripped the Republican tax-reform plan as a "terrible proposal" being "paid for by the billionaire class who control the political process."
bernie sanders, gop, senate, repeal and replace
247
2017-15-15
Wednesday, 15 November 2017 10:15 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved