top of page
FACT CHECKING THE 2016 ELECTION
Clinton's
Economic Plan
Trump's
Economic Plan
- Clinton’s tax proposals would raise taxes on high-income taxpayers
- Increase estate and gift taxes
- It would increase revenue by $1.4 trillion over the next decade
- All tax increases would fall on the highest 1 percent
- The tax code would become more complex.
- On average, low and middle income households would see small increases in their overall income after taxes are taken out of it.
- ​
-
Trump’s tax proposal would significantly reduce marginal tax rates, increase standard deduction, repeal personal exemptions, cap itemized deductions and would allow businesses to not deduct interest expense
-
Federal revenue would fall by $6.2 trillion over the first decade
-
Federal debt would also rise by $7 billion
-
Three-fourths of the revenue loss would come from reductions in business taxes.
-
Trump’s proposal would reduce tax rates, simplify many provisions, and reform business taxation
bottom of page