Tax Receipts Would Have to Go Up by 124% to Pay for All of Elizabeth Warren's "Plans" | Episode 125
b'Elizabeth Warren has a\\xa0plan for everything. Some of those plans are expensive. With Warren emerging as a front-runner in the Democratic presidential contest, Yahoo Finance tallied the cost of her plans.\\n\\nAltogether, the Massachusetts senator\\u2019s agenda would require $4.2 trillion per year in new federal spending, and a like amount in new taxes, if she paid for everything without issuing new debt. The federal government currently spends about $4.4 trillion per year, so Warren\\u2019s plans would nearly double federal spending.\\n\\nThe Treasury takes in about $3.4 trillion in tax revenue each year, so if Warren levied new taxes to pay for everything, federal taxation would rise by 124%. She could pay for some of her plans by issuing new debt instead of raising taxes, but with annual deficits close to $1 trillion already, that might be unwise.\\n\\n- Read the rest of the article from Yahoo Finance\\n\\nVisit BernieLies.com to read articles debunking the many fallacies of Democratic Socialism\\n\\nGrab a "Taxation is Theft," "Shall Not Be Infringed," or "Free Snowden" shirt from our merch store!\\n\\n\\n--- \\n\\nSupport this podcast: https://anchor.fm/goodmorningliberty/support\\nLearn more about your ad choices. Visit podcastchoices.com/adchoices'