Zephyr Teachout + Bernie Sanders = Tanked economy
NY-19 candidate Zephyr Teachout is a big supporter of socialist Bernie Sanders. Teachout endorsed Sanders and even penned an op-ed listing 10 reasons why she was supporting his candidacy.
Sanders wants to raise taxes by $13.6 trillion ($13,600,000,000,000) over the next decade. That includes a new 2.2% broad-based income tax that would raise taxes on middle income households by an estimated $4,700 per year. A nonpartisan think tank estimates the Sanders plan would lead to a 9.5% decrease in the GDP due to significant increases in marginal tax rates and cost of capital and would result in a loss of 5.973 million jobs. And the after-tax incomes for all taxpayers would drop by 12.84% in the long-term.
NRCC Comment: “Hudson Valley voters should be terrified about the Sanders-Teachout plan to raise taxes by $13.6 trillion over the next decade, including a $4,700 annual tax hike on middle class families. Voters in New York’s 19th District deserve better than a carpetbagger from Brooklyn moving to town to advocate for the Bernie Sanders agenda that will tank our economy.” –NRCC Spokesman Chris Pack