Details and Analysis of Hillary Clinton’s Tax Proposals

Tax Foundation ^ | Jan 26, 2016 | Kyle Pomerleau, Michael Schuyler

[Ray76]

Key Findings:

• Hillary Clinton would enact a number of tax policies that would raise taxes on individual and business income.
• Hillary Clinton’s plan would raise tax revenue by $498 billion over the next decade on a static basis. However, the plan would end up collecting $191 billion over the next decade when accounting for decreased economic output in the long run.
• A majority of the revenue raised by Clinton’s plan would come from a cap on itemized deductions, the Buffett Rule, and a 4 percent surtax on taxpayers with incomes over $5 million.
• Clinton’s proposals to alter the long-term capital gains rate schedule would actually reduce revenue on both a static and dynamic basis due to increased incentives to delay capital gains realizations.
• According to the Tax Foundation’s Taxes and Growth Model, the plan would reduce GDP by 1 percent over the long-term due to slightly higher marginal tax rates on capital and labor.
• On a static basis, the tax plan would lead to 0.7 percent lower after-tax income for the top 10 percent of taxpayers and 1.7 percent lower income for the top 1 percent. When accounting for reduced GDP, after-tax incomes of all taxpayers would fall by at least 0.9 percent.

Over the past few months, former Secretary of State and Senator Hillary Clinton has proposed a number of new and expanded government programs. In order to pay for these new or expanded services, she has proposed raising and enacting a number of new taxes.

According to the Tax Foundation’s Taxes and Growth Model, Hillary Clinton’s tax plan would reduce the economy’s size by 1 percent in the long run. The plan would lead to 0.8 percent lower wages, a 2.8 percent smaller capital stock, and 311,000 fewer full-time equivalent jobs.

[Ray76]

Contrast with Trump’s economic plan

http://www.freerepublic.com/focus/f-bloggers/3457695/posts

[ETL]

Crowd Cheers Clinton's Call To 'Raise Taxes On The Middle Class'

Hillary Clinton called for raising taxes on the “middle class” while campaigning on Monday in Omaha, NE. Joined by left-wing Democrat billionaire Warren Buffett, she received applause from those in attendance.

“Because while Warren is standing up for a fairer tax code, Trump wants to cut taxes for the super-rich,” said Clinton.

“Well, we’re not going there, my friends. I’m telling you, right now - we’re going to write fairer rules for the middle class and we are going to raise taxes on the middle class!”

http://www.dailywire.com/news/8050/watch-crowd-cheers-clintons-call-raise-taxes-robert-kraychik

[xrmusn]

Lets see...

5% SUPER RICH
40% RICH

8% ‘middle class’.

47% POOR & ‘DEPENDENT’ on the ‘sytstem;(per Romney)

Due to loopholes rich pay less,
the poor that ‘earn’ get a big REFUND back.

AGAIN, the ‘Middle Class’ will carry the load as has been the norm for awhile.

Only difference is that US ‘Middle Class’ used to make up about 35% so we ‘felt it’ but distribution isn’t bad.

NOW we are way down in #s, and with the invention of NEW ‘gimmees’ our load is WAY up again.

Maybe us ‘Middle Class’ should just sit back and let the ‘Lower Class’ go after the RICH class and WE can sit back and pick trough the spoils???

[ETL]

Crowd Cheers Clinton's Call To 'Raise Taxes On The Middle Class'

She obviously misspoke. But her dopey, mindless supporters, too dumb to know the difference, cheered anyway.

[Ray76]

Who’s more stupid, Clinton or her supporters?

[henkster]

A Freudian slip if there ever was one.

[ETL]

Her supporters. Not even close. She’s making a ton of money off these idiot arses.

[ETL]

Not that taxes on the middle class won’t ultimately go up under her “leadership”, but she, or any democrat, would never say it openly like that.

[MattinNJ]

You know what is awesome? How that is played over and over again on TV ads in battleground states. Oh, wait.....

I really hope a Trump is just keeping his powder dry until after Labor Day

[ncfool]

What range is the Middle class these days according to the rats.

[xrmusn]

What range is the Middle class these days according to the rats.
= = = = = = = = = =
I figured I was safe going with 8% or so...

Guess Middle class is you live paycheck to paycheck make to much for food stamps and if self employed don’t rate workmens comp or unemployment but get to pay double for WICA and not make enough to get a low interest credit card
AND still be expected to carry the load.

Then when you retire after putting into SocSec for 50 or 60 years people gripe about your collecting SS but say nothing about the millions on ‘disabilty’ or unemployment or public assistance.

I especially ‘love’ the ones on disability because they have stress because they are disabled or unemployed??? Also all the drunks and druggies that are tapping that till..

[funfan]

That would be a great ad I wish he would use it on one and not just on Facebook but on TV.