WASHINGTON, D.C. — Vermont Sen. Bernie Sanders says the federal budget deficit is a “serious problem” — but he’s not backing away from potentially pricey policy proposals.
In an interview with NBC’s Chuck Todd set to air Sunday on “Meet the Press,” the Democratic presidential contender said he’d pay for his plans — including $1 trillion for infrastructure and a “Medicare for all” health insurance system — through higher taxes on wealthy Americans and corporations that keep profits outside the country.
“You take a hard look at our tax system,” Sanders said when pressed about how he’d address the deficit.
“And you say, ‘You know what? Corporate America, you ain’t going to stash your money in the Cayman Islands and not pay any taxes at all,'” he said. “If you are very, very wealthy, as Warren Buffett reminds us, you know what? You’re not going to continue to pay an effective tax rate lower than middle class people.”
Sanders pointed to wars in Iraq and Afghanistan “that our Republican friends got us into and forgot to pay for,” as well as George W. Bush-era tax cuts for the wealthy and for corporations, as the culprits for a national debt that has topped $18 trillion and increases each year.
He said he still wants to adopt a “Medicare for all” insurance system, extending the government program’s coverage to all Americans — which one estimate suggested would cost $15 trillion over 10 years.
“My Republican friends want to throw millions of more people off of health insurance,” he said. “And what I want to do is have the United States of America join the rest of the industrialized world, every other country in guaranteeing health care to all people.”
He defended several other new spending proposals in the interview, as well — highlighting his calls for new investments in infrastructure and college education.
“I want to invest a trillion dollars in rebuilding our crumbling infrastructure. I do want to do that because I think that will create up to 13 million jobs,” Sanders said.
“So is deficit reduction important? Of course, it is,” he said. “But so is creating the millions of jobs we desperately need. So is making public colleges and universities tuition free.”