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Clinton Seeks Big Jump in Estate Tax
Hillary Clinton's estate tax plan would increase the estate taxes on the largest estates from 40% today and her proposed 45% to the higher figure of 65% proposed by Senator Bernie Sanders. Compared to the current $5.45 million exemption only the first $3.5 million would be exempt from estate tax for individuals ($7 million for a married couple). The top rate of 65% would apply to individuals with over $500 million. Beyond $10 million a 50% rate, and beyond $50 million a 55% rate.
The latest proposal adds $260 billion over 10 years adequate to pay for simplified small business taxes, and for expanding child tax credit. Over 10 years Clinton would increase taxes by $1.5 trillion to pay for expanded education assistance, paid family leave and other programs. She would increase federal revenue by 4% and have the burden fall on only a small portion of households.
U.S. presidential candidate Hillary Clinton's new capital gains taxes plan in 2015 to promote longer term investments
07/27/2015
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The New York Times 08/12/2016
Trump's economic plan and how it increases the U.S. deficit by $5.3 trillion
09/22/2016
The sharp contrast between the Trump economic plan which is very unusual for a Republican candidate in that it substantially increases the U.S. debt by $5.3 trillion, and the Clinton economic plan which only modestly increases the deficit by $200 billion. The impact is about one fourth increase of the national debt of $19 trillion under Trump and only 1% under Clinton's economic plan, according to the Office of Management and Budget.
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New Clinton, Trump budget numbers
POLITICO 09/22/2016
Donald Trump’s Plans Would Add $5.3 Trillion to the National Debt
Fortune 09/22/2016
Clinton Seeks Big Jump in Estate Tax
WSJ 09/22/2016
Donald Trump’s Tax Pitch Could Miss Trade’s Strike Zone
WSJ 10/05/2016
Donald Trump’s Tax Plan Would Boost Economy in Short Run but Not Long Term, Analysis Finds
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Donald Trump’s Economic Plan, Up Close, Doesn’t Add Up
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Hillary Clinton's tax plan in the U.S. presidential election of 2016
09/23/2016
Grouped Articles
Clinton Seeks Big Jump in Estate Tax
WSJ 09/22/2016
Hillary Clinton's estate tax plan
09/23/2016
Grouped Articles
Clinton Seeks Big Jump in Estate Tax
WSJ 09/22/2016
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