As a presidential candidate, Ohio Governor John Kasich has proposed to cut individual and corporate income taxes. Kasich also championed income tax cuts in Ohio, and succeeded in enacting some of those proposals. And while these changes have clearly reduced Ohio’s taxes, he did pay for (part of) those tax cuts by hiking other taxes, […]
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.
Donald Trump’s tax plan would add $9.5 trillion to the national debt from 2016 to 2026 and another $15 trillion in the following decade (before added interest), according to a new analysis by the Tax Policy Center.
Distributional estimates of Donald Trump’s tax plan.
While Republican presidential hopefuls were debating in Las Vegas, congressional leaders announced they had agreed to restore and extend dozens of special interest tax cuts—many permanently.
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.
Jeb Bush’s tax plan would boost deficits by $6.8 trillion between 2016 and 2026 and overwhelmingly benefit the highest income taxpayers, according to a new analysis by the Tax Policy Center. With added interest costs, the plan would boost the national debt by more than $8 trillion by 2026.
The contrast couldn’t be more stark, and it seems to be getting stronger. The likely Democratic presidential nominee, Hillary Clinton, would aggressively use the tax code to achieve social and economic goals, cut taxes on many middle-income people, and raise taxes on high-income households.