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Burman comments on the cost of Bernie Sanders's agenda in The Atlantic

February 27, 2020

The Atlantic

Leonard Burman

Leonard Burman

"I think it is fair to say that the tax increase—assuming it is as big as Senator Sanders projects—is about as large as the [13-point] tax increases enacted to finance World War II," as measured as a share of GDP, says Leonard Burman, Paul Volcker Chair in Behavioral Economics. "It is more than five times as large as any tax increase enacted since. And even if it falls short of the campaign’s projections, it would be the largest peacetime tax increase in American history." Burman was interviewed for The Atlantic article "The Sixty Trillion Dollar Man." 02/27/20

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