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Bill USA

(6,436 posts)
Tue Oct 11, 2016, 06:46 PM Oct 2016

Donald Trump Tax Plan Would Add to Debt and Hillary Clinton’s Wouldn’t, Study Finds NYT (really!)

http://www.nytimes.com/2016/10/12/us/politics/donald-trump-taxes-hillary-clinton.html?rref=collection%2Fnewseventcollection%2FPresidential Election 2016&action=click&contentCollection=Politics&module=Collection®ion=Marginalia&src=me&version=newsevent&pgtype=article

WASHINGTON — The stark choice that Hillary Clinton and Donald J. Trump pose for voters goes as well for their revised tax plans: Mr. Trump would simplify the tax code but cut taxes mainly for the rich and add trillions of dollars to the federal debt, while Mrs. Clinton would do the opposite, an independent analysis released Tuesday concluded.

The review by the Tax Policy Center, a joint research arm of the Brookings Institution and the Urban Institute, is the first to examine the plans since Mr. Trump significantly rewrote his proposal after criticisms of its costs and inequities and Mrs. Clinton on Monday proposed to double the existing tax break for parents with young children.

“They really couldn’t be more different,” Len Burman, director of the center and a professor at Syracuse University, said in a conference call with reporters.

It is unclear that either plan would pass in Congress. If Republicans keep control of the House, even if they lose the Senate, they would probably block Mrs. Clinton’s proposed tax increases. And while Mr. Trump’s plan is similar to one that House Republicans have outlined, many Republicans would probably object to its cost given the size and projected growth of the federal debt as an aging population drives spending higher.
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Donald Trump Tax Plan Would Add to Debt and Hillary Clinton’s Wouldn’t, Study Finds NYT (really!) (Original Post) Bill USA Oct 2016 OP
When have Republicans ever objected to cost when it comes to tax cuts? subterranean Oct 2016 #1
That is the only thing Republicans do. Old and In the Way Oct 2016 #2
I'm drawing a blank, too! subterranean Oct 2016 #3

subterranean

(3,427 posts)
1. When have Republicans ever objected to cost when it comes to tax cuts?
Tue Oct 11, 2016, 08:36 PM
Oct 2016

For them, the cost is part of the appeal of tax cuts. Not only do they put more money into the offshore accounts of their wealthy donors (and line their own pockets), but they can also use the soaring debt as an excuse to make further cuts to food stamps, school lunches, veterans' benefits, Social Security and other "entitlement" programs. It's a win-win for them. They've made that clear again and again.

Old and In the Way

(37,540 posts)
2. That is the only thing Republicans do.
Tue Oct 11, 2016, 09:02 PM
Oct 2016

I cannot remember the last piece of legislations wrote that substan7ally benefited the bottom 80%. Oh wait, the "Do not call list". Yeah, that's about it...

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