Trump Tax Plan May Cost $1.5 Trillion More Than He Says

[Bill USA]

http://abcnews.go.com/Politics/wireStory/trump-tax-plan-cost-15-trillion-42201581?cid=clicksource_4380645_1_hero_headlines_headlines_hed

Trump released his tax plan last week — his third attempt to sketch out a workable proposal — telling voters to check his math. "It works," Trump promised, estimating the cost at $4.4 trillion and claiming that record-setting economic growth would prevent the cuts from increasing the deficit.

Trump was relying on estimates from the Tax Foundation, which supports lower taxes, when he pitched the plan to the public. But he left unclear a key detail regarding businesses that are classified as "pass-throughs." Mostly small businesses — but occasionally very large ones — incorporate so their profits are taxed as personal income, rather than business proceeds.

At issue is whether Trump's plan for a flat 15 percent corporate tax rate applies to so-called pass-throughs. The Tax Foundation said his campaign indicated to them those rates would not apply. But the National Federation for Independent Business told the New York Times the GOP's nominee's team assured them pass-throughs would get the lower rate.

The Trump campaign has not commented, forcing the Tax Foundation to issue two estimates. Should Trump allow pass-throughs to be taxed at 15 percent — instead of the 33 percent that many otherwise would be assessed — his plan would cost $5.9 trillion over 10 years, the analysis found. That's $1.5 trillion more than Trump predicts.
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[Historic NY]

1. I look at it this way the millienials are enchanted with Stein & Johnson...

who haven't got a prayer. They will be the ones paying for this, no free college, zip, nada, when SS is cut they be caring for their parents. Trump wants to cut taxes by some 4.4 trillion which will benefit the upper 2%, kiddies you'll pay.