Progressive?
Hillary Clinton’s tax proposals would increase taxes by $1.4 trillion over the next decade and would reduce the growth of the economy by 2.6 percent, according to ananalysis from the Tax Foundation.
Since January when the Tax Foundation first scored Clinton’s tax plan, Clinton has introduced a number of new taxes on individuals and businesses. At that time, the Foundation estimated that her plan would raise taxes by $498 billion over the next decade and would reduce gross domestic product by 1 percent.
“The majority of her proposals raise taxes directly on high-income taxpayers,” the Foundation said in a new report. “Her plan would enact a new surtax on taxpayers with incomes above $5 million, a 30 percent minimum tax (the Buffet Rule), a limit on itemized deductions to a tax value of 28 percent, and an estate tax increase to a top rate of 65 percent for estates worth $1 billion or more.”
“She would also enact a number of targeted tax policies that would impact businesses, such as a new ‘financial risk’ fee on large banks, the elimination of tax expenditures related to the fossil fuel industry, and several tax cuts for small businesses,” the analysis said.
Replies
This election has one common theme that nobody wants to talk about:
it was announced a few days after clinton put out to the debate debauchery against donald trump about the 900 million dollars in taxes he owes within a twenty year period, unable to pay but he really could i understand he should be reprimanded for that however in fairness, then so should hillary clinton do the same thing too, don't you think. Hillary inside a twenty year period where she was suppose to pay taxes found the exact same loophole as donald trump where by she owes 700 million dollars in taxes, under the same tax bracket class, under the exact same tax ruling as donald trump, done exactly the same way., assuoming the company is unable to pay their taxes, they do not need to pay taxes at all, but we the working class knows they can afford it just that, the elitists gets away with it, as usual. But donald trump did not say anything about her dirty little secrets did he. Taxing the citizens is a fraud a scam and it is illegal in your country of america anyways because under the true ruling people who perform work as a labourer under a company is exempted to pay taxes onloy the company that manufactures goods is suppose to pay the taxes and be brought forward to the public purse used for infrastructures only.