Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
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=articleWASHINGTON 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 couldnt 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. Clintons proposed tax increases. And while Mr. Trumps 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.
(more)
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 935 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (4)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
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
subterranean
(3,427 posts)1. When have Republicans ever objected to cost when it comes to tax cuts?
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.
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...
subterranean
(3,427 posts)3. I'm drawing a blank, too!