Tax Policy Center

Donald Trump

Campaigns, Proposals, and Reforms: TaxVox

Bernie Sanders Is Proposing Really Big Tax Increases

It is hard to grasp the enormity of the tax increases Bernie Sanders is proposing , how far out-of-step he is with recent economic history in the U.S., and what a stunning contrast he presents with Republican presidential hopefuls. Where Sanders backs tax increases of more than $1 trillion a year
January 18, 2016Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Trump Would Slash Taxes for the Top 0.1 Percent By An Average of $1.3 Million, Add Nearly $10 Trillion to the Debt

Donald Trump’s tax plan would add $9.5 trillion to the national debt from 2016 to 2026 and another $15 trillion in the following decade (before added interest), according to a new analysis by the Tax Policy Center. Nearly all households would get a tax cut under the plan, averaging about $5,100 in
December 22, 2015Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Why You Should Pay Attention to the Presidential Candidates’ Tax Proposals

The presidential election is nearly a year away, but many candidates have already rolled out detailed tax reform plans. On the GOP side, we’ve seen proposals from Jeb Bush (the subject of a rigorous Tax Policy Center analysis ), Marco Rubio, Ted Cruz, and Donald Trump, among others. Among Democrats
December 15, 2015Harvey Galper
Federal Budget and Economy: TaxVox

Presidential Candidates, “Free Stuff,” and Pixie Dust

Even in its early stages, the 2016 presidential race looks like it will be remembered for two depressing superlatives. The candidates will spend more money than ever before, and they will promise more costly give-aways than any politicians in history. We’ll save the campaign finance story for
October 20, 2015Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

How Investment Managers (And Maybe You) Would Benefit From Trump’s Tax Plan

Donald Trump says he’d eliminate the tax break on carried interest. What he doesn’t say is he’d give the investment managers who now benefit from that scheme an even bigger tax cut than they get today. And, it turns out, Trump’s new tax regime would not only benefit hedge fund managers, but also
October 1, 2015Howard Gleckman
: TaxVox

Thirty days, goodbye September, shutdown talks? Maybe in December.

About that possible government shutdown… The Senate passed a continuing resolution to fund the government through December 11. Senate Majority Leader Mitch McConnell and outgoing Speaker of the House John Boehner will meet with President Obama “soon” for budget negotiations , and the House is on
September 30, 2015Renu Zaretsky
: TaxVox

Not October yet, but, oh, the tax tricks and treats!

Donald Trump unveiled his tax plan—is it going to “cost him a fortune?” He has a tax cut for nearly everybody , but the highest income households would likely be the biggest beneficiaries. And his plan would likely add trillions to the national debt over the next decade, concludes TPC’s Howard
September 29, 2015Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

Trump Proposes a Huge Tax Cut

Donald Trump, who likes superlatives, has weighed in with his version of a standard cut-the-rates, broaden-the-base tax reform . And like many other GOP tax rewrite proposals, this one appears to be an enormous tax cut skewed largely in favor of high-income households. While Trump claims the plan
September 28, 2015Howard Gleckman
Federal Budget and Economy: TaxVox

Five Tax Stories To Watch in What Will Be a Wild Fall in Congress and on the Campaign Trail

Congress is back. Fiscal deadlines loom. Presidential candidates have tax plans to propose. It isn’t clear how much lawmakers will accomplish in the next four months, but it will be a busy and interesting fall. Here are five stories to watch: International Tax Reform : House Republicans insist they
September 8, 2015Howard Gleckman
: Daily Deduction

On Patience, Consistency, and Savvy

Corporate rate cuts: Maybe not this year, after all. Bloomberg reports that House Republicans have greater interest in reanimating expired tax breaks and changing the international tax system. What about cutting the corporate tax rate and the possible effect on small businesses? House Ways &
June 17, 2015Renu Zaretsky