Tax Foundation Rates Tax Plans of Trump and Clinton: Trump’s Plan Wins
Oct 20, 2016 by Bob Adelmann
Analysis by the Tax Foundation of all that is currently known about the tax plans proposed by presidential candidates Donald Trump and Hillary Clinton concludes that, if enacted, Clinton’s plan would expand government at the expense of a shrinking economy. On the other hand, Trump’s plan would grow the economy, shrink government’s revenues, raise wages, and expand employment.
But it’s not tax “reform,” claims the study’s author, Kyle Pomerleau, just modifications of the existing tax code. The code would be more complex under Clinton’s plan and only slightly less so under Trump’s.
Because Trump’s plan is unclear about something called “pass through” — the taxation of income that is passed from a business entity onto its owner’s personal income tax form — the foundation did two analyses: one based on leaving present…
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