Republican presidential candidate Marco Rubio recently introduced a transportation plan that cuts the federal gas tax 80 percent—from 18.4 cents per gallon to 3.7 cents—and eliminates the Highway Trust Fund’s (HTF) Mass Transit Account.
Republican presidential candidates say they want to slash the tax code. It is too big, too complicated, and too laden with provisions to help special interests. They are right.
The GOP presidential debates highlighted some important tax policy contrasts among the candidates. One thought refundable credits are conservative economic policy while another did not.
Even in its early stages, the 2016 presidential race looks like it will be remembered for two depressing superlatives. The candidates will spend more money than ever before, and they will promise more costly give-aways than any politicians in history.
Both Bernie Sanders and Hillary Clinton recently proposed new Wall Street taxes, which reflect their strikingly different philosophies (and, perhaps, their different personalities).
Donald Trump says he’d eliminate the tax break on carried interest. What he doesn’t say is he’d give the investment managers who now benefit from that scheme an even bigger tax cut than they get today.
Donald Trump, who likes superlatives, has weighed in with his version of a standard cut-the-rates, broaden-the-base tax reform.
GOP presidential candidate Jeb Bush offered a tax plan last week that he says “eliminates the marriage penalty.” But it may not help many low-income working families.
Jeb Bush has put forth a tax plan that is ambitious in design, comprehensive in scope, and fairly detailed for this stage of the campaign.