Tax Plan Showdown: Now We Have Bernie Sanders Too

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And now we are five. The Tax Policy Center has analyzed Bernie Sanders’ tax plan, and we now have data for everyone still running except John Kasich, who hasn’t produced any tax proposals yet. The full reports are here: Donald TrumpMarco Rubio, Ted Cruz, Hillary Clinton, and Sanders. Click the links for details. Or just look at the charts below for the nickel summary.

As before, the Republican plans are all the same: a tiny tax cut for the middle class as a sop to distract them from the enormous payday they give to the rich, and a massive hole in the deficit.

On the Democratic side, Hillary Clinton’s plan is fairly modest. It leaves the middle class alone and taxes the rich a little more. Once her domestic proposals are paid for, it’s probably deficit neutral. Bernie Sanders is far more extreme. He’s basically the mirror image of the Republicans: he’d tax the middle class moderately more and soak the hell out of the rich. This would raise a tremendous amount of money, which he’d use to pay for his health care plan and his other domestic proposals. It’s impossible to say for sure how this would affect the deficit, but the evidence suggests that it would blow a pretty big hole since he plans to spend quite a bit more money than he’d raise.

So that’s that. Quite a choice we have this year.

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TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

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