Donald Trump's Tax Plan Would Cost $12 Trillion!

[Baobab]

http://ctj.org/ctjreports/2016/03/donald_trumps_tax_plan_would_cost_12_trillion.php


Read this report in PDF.

Tax Plan Targets Biggest Tax Cuts for the Best-off Americans

An updated Citizens for Tax Justice analysis of presidential candidate Donald Trump’s tax plan reveals that it would add $12.0 trillion to the national debt over a decade. More than one-third of these tax cuts, $4.4 trillion, would go to the top one percent of taxpayers. Trump’s tax cuts would have to be paired with $12 trillion in spending cuts to avoid massive budget deficits, meaning this plan could require eliminating 94 percent of all discretionary spending to make up for its cost. This analysis also finds that if Congress chooses to pay for the Trump plan’s tax cuts with a mix of spending cuts and tax increases, the net impact of the Trump tax plan would provide an even greater boon to the wealthy and be even more detrimental to low- and middle-income taxpayers.

[world wide wally]

1. What else would anyone with half a brain expect?

[kimbutgar]

2. You know he wants to eliminate the estate tax

Probably would be the first bill signed into law if we get ( god forbid ) a trump presidency and a republican congress( feel like throwing up in my mouth at the thought).