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Can the US Spend Like Denmark without Taxing Like It?
At a recent CNN town hall debate between Senators Bernie Sanders and Ted Cruz, Jacob Funk Kirkegaard questioned the validity of Senator Sanders’ policy proposals to spend like a Scandinavian country while only raising taxes on the wealthiest citizens. In this Peterson Perspectives interview, Kirkegaard discusses Denmark’s effective tax rate where middle class citizens are taxed nearly 50 percent of their income.