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Following the release of the Tax Foundation’s analysis of Sen. Bernie Sanders’ tax plan, FreedomWorks Senior Economic Contributor Stephen Moore commented:
“Margaret Thatcher said it best: ‘The problem with socialism is that eventually you run out of other people’s money.’ Under Bernie Sanders’ tax plan, America would be less competitive in the world due to a punitive tax system, consumers would have less money to spend, and more people would be out of work. Sanders may proudly wave the banner of socialism, but his desire to transform America into a European-style socialist country would leave all of us worse off, even after nearly eight years of President Obama’s disastrous economic policies.”
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