Bloomberg Offers Few Details to Back Up Trillions in Spending
- Democrat hasn’t released estimated costs or funding details
- Former New York mayor running fourth in some national polls
Michael Bloomberg at a campaign event in Minneapolis, U.S., Jan. 23.
Photographer: Jeff Wheeler/Star Tribune via Getty Images
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Ask Democratic presidential candidate Michael Bloomberg how he’ll pay for his plans to create jobs, provide health insurance and repair roads and bridges, and you get the same answer: Wait until you see my tax plan.
Bloomberg has released almost 20 proposals since joining the race on Nov. 24: $1.2 trillion for infrastructure. $70 billion of federal spending in low-income neighborhoods to aid black homeownership. Another trillion and a half for health care. He hasn’t detailed where the money for the ambitious proposals will come from.