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Sanders Promises to Release Full Tax Plan Before Iowa Caucuses

Sen. Bernie Sanders told supporters on Sunday that he would unveil his tax plan before the Iowa caucuses on Feb. 1.

“We have been very specific. We have more to do, and we will be doing that in the very near future,” the Democratic presidential candidate said of his tax plan on CNN’s “State of the Union.”

“The bottom line, what The Wall Street Journal forgot to tell the American people in that article is people will not have to pay for private health insurance and the cost of prescription drugs is going down,” Sanders said.

The Hill reports:

The senator said he plans to expand Social Security by removing the cap that prevents taxes from being levied against income over $250,000.

He also said he would go after corporations that try to stash money overseas in order to avoid onerous tax burdens.

And the self-proclaimed democratic socialist said his plan to subsidize college and university tuition will be financed through new taxes on Wall Street speculation.

Sanders has maintained that his plan will be fully funded without raising taxes on the middle class.

Photo credit: Raw Story.

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