Sanders: Full tax plan coming before Iowa votes

Bernie Sanders says he plans to release more details about his tax plans before the Iowa caucuses on February 1.

The Vermont senator and Democratic presidential contender said Sunday on CNN’s “State of the Union” that a full plan on how he’d change taxes to pay for a universal health care plan, free public college tuition and a lofty infrastructure plan are coming soon.

“We have been very specific. We have more to do, and we will be doing that in the very near future,” Sanders said.

When CNN’s Dana Bash asked if those details would come before the Iowa caucuses, Sanders said: “Yep.”

Sanders said he’s already detailed how he’d pay for his proposals so far.

He said he’d foot the bill for free public college and university tuition by imposing a new tax on Wall Street speculation.

He said he’d expand Social Security by lifting the current cap that prevents Social Security taxes from being levied against income over $250,000. He said he’d impose new taxes to prevent corporations from stashing money in overseas tax havens to pay for his infrastructure proposal.

And Sanders didn’t rule out a new tax to pay for his Medicare-for-all single-payer health care proposal, but said it’d be a net gain for middle-class families which would no longer have to pay for their own insurance.

That comment came in the wake of a Wall Street Journal article that pegged the cost of Sanders’ health care proposal at $15 trillion over 10 years.

“The bottom line, what the Wall Street Journal forgot to tell the American people in that article is people will not have to pay for private health insurance and the cost of prescription drugs is going down,” Sanders said.

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