in the vicinityVideoSen. Bernie Sanders unveils property tax plan
The democratic presidential candidate Bernie Sanders believes that the government could get $4 trillion in new taxes, the report from this plan; Peter Doocy.
If democratic presidential candidate Sen. Bernie Sanders gets his way, companies with top-executives, the increases earn at least 50 times what their average workers do, significant tax.
“Americans are sick and tired of corporate CEOs, which today is 300 times more than the average worker, while they give themselves huge bonuses and cut back on the health and pensions of their employees,” the progressive senator from Vermont, said on Monday, as he introduced his inequality tax Plan.
SANDERS UPS THE ANTE, THE Larger the WEALTH tax THAN WARREN’s PLAN
Sanders, who has made a second campaign for the presidential candidacy delete income and wealth inequality Central components of his White house bid. His new plan would tax for companies with what he calls “exorbitant” wage differences between managers and employees.”
“It is time to send a message to corporate America: If you don’t end their greed and corruption, we will do it for you,” he said emphatically.
If Sanders is elected and his plan is adopted, the tax penalties start at 0.5 percent for the companies to pay their top-executives from 50 to 100 times more than the typical worker. The penalties scale up to 5 percent for companies that pay their top executives more than 500 times, which earn their average workers.
“Some companies, where workers make terrible wages, and the CEO’s of the 500 or thousand times more than their employees,” Sanders said Monday at a campaign event in New Hampshire. “In the past 30 years, the top 1 percent has a $21 trillion of their wealth increase, while the lower half has seen of America, a decrease in your wealth.”
The Sanders campaign, said that if the senator that the campaign is paid would, in fact, in the last year, banking giant J. P. Morgan Chase up to $991.6 million more in taxes, and Walmart $793.8 million more.
THE LATEST FROM FOX NEWS ON THE 2020 PRESIDENTIAL CAMPAIGN
Sanders released his new tax proposal a week, after he unveiled a plan to tax the richest Americans to income inequality and to begin to reduce the financing of the high price-tags to propose for the numerous state programs, the Democratic presidential candidate.
“There should be no billionaires. We control the fullness of your extreme and invest in the working people,” Sanders wrote on Twitter last week. His campaign also sent an E-Mail with the subject line: “billionaires should not exist.”
The senator’s plan, which follows a similar proposal earlier this year by one of his top competitors for the 2020 democratic nomination, a fellow progressive legislators, Sen. Elizabeth Warren from Massachusetts.
The Sanders and Warren intends to more taxes were criticized to the ultra wealthy in the last week of 2020 Democratic rival Andrew Yang.
The tech entrepreneur, has seen his campaign rise in recent months, said on Twitter: “I understand the spirit and the appeal of a wealth tax. It makes sense that those that should pay you will enjoy huge fortune back in the system, especially given the concentration of wealth in our winner-take-all economy”.
But, he added, “the implementation would be impractical and problematic.”
Sanders’ return to New Hampshire came days after the last survey in the first-in-the-nation presidential primary state – of the Monmouth University — indicated that the senator, in time, to a distant third place behind the long standing frontrunner, the former Vice-President, Joe Biden, and Warren.
Sanders played down the survey in an interview Monday with NHTalkRadio.com. “We feel great,” he said. The soft are great… I think we have a great organization here in New Hampshire.”
And he repeated, he was sure he would win again in the state, made four years ago, it is a well-known name in the whole country, when he crushed the possible candidacy of Hillary Clinton in 2016 New Hampshire presidential primary.
Fox News’ Kelly Phares contributed to this report.