Senator Bernie Sanders seeking Democratic presidential nomination, on Sunday said there would be tax increases. He split with former Secretary of State Hillary Clinton on asking the middle class to pay more as he sees it as a “great investment.”
On Saturday’s Democratic debate, Hilary Clinton pledged not raise taxes on households that make less than $250,000. In an interview on NBC‘s “Meet the Press,” Sanders was asked about Clinton’s pledge. The Vermont Senator declined to promise the same.
“In terms of this issue that you raised, I do disagree with the secretary,” Sanders told interview host Chuck Todd. “I believe the United States should join the rest of the world through paid family and medical leave. It will cost us $1.61 a week and an increase in payroll tax. I think that’s a great investment.”
Sanders in the interview also wanted to impose a tax on Wall Street speculation to help pay for college educations, as well as to raise estate taxes for the wealthy. When asked whether that was the extent of the tax increases he would impose on the middle class, Sanders said, “Yes, that’s right.” He finished off saying: “Look, we have seen a huge transfer of wealth from the middle class to the top one-tenth of 1 percent. It is appropriate to ask the wealthy and large corporations to start paying their fair share of taxes.”