This paper analyzes presidential candidate Jeb Bush’s tax proposal. It would reduce individual and business marginal tax rates, curtail tax expenditures, and convert the corporate income tax into a cash-flow consumption tax. The proposal would cut taxes at all income levels, reducing federal revenues by $6.8 trillion over its first decade before considering macro feedbacks.
Since 2004, the Urban Brookings Tax Policy Center has been analyzing the tax plans of presidential candidates. We are doing the same for the 2016 hopefuls, giving prospective voters our best estimates of the revenue, economic, and distributional effects of candidates’ tax proposals.
Last week, House Speaker Paul Ryan said in a CNBC interview that the distributional analysis of tax plans done by the Tax Policy Center, the Joint Committee on Taxation, and others is based on the “ridiculous notion” that the effect of tax changes on different income groups is important.
How do the Republican presidential candidate tax plans stack up against one another? Who has the biggest tax cut? How do their plans affect people in different income groups?
As part of his presidential campaign, Jeb Bush has proposed a detailed plan for federal tax cuts. The Tax Policy Center’s analysis of his plan is available here. As governor of Florida from 1999 to 2007, Bush signed into law a number of different tax cuts—from relatively small sales tax holidays to the complete elimination […]
My Tax Policy Center colleague Harvey Galper recently explained why it is important to pay attention to the tax proposals of presidential candidates. While the plans do not always turn into law (at least not exactly as proposed) the ideas tell us a lot about a candidate’s priorities.
But what should those voters look for as they sort through these complex ideas? Here are five questions you should ask yourself about any candidate’s tax plan.
The presidential election is nearly a year away, but many candidates have already rolled out detailed tax reform plans. On the GOP side, we’ve seen proposals from Jeb Bush, Marco Rubio, Ted Cruz, and Donald Trump, among others.
Distributional estimates of Governor Jeb Bush’s tax plan.
The Tax Policy Center provides independent, non-partisan analysis of the tax proposals of candidates for public office. We describe our approach here.