The four tax plans of the leading candidates in four minutes

I found this enlightening and to the point..


This is a very short article and video (which I did not watch) that summarizes what the top four candidates have for and economic plan.. I know not everyone is comfortable going to links.. so I took the last few sentences summary from each person outlined and put it below




http://finance.yahoo.com/news/trump-clinton-cruz-sanders-tax-plans-candidates-quick-summary-revenue-193632273.html#


Donald Trump:

While Trump has incited anger around the fact that the United States is poor, his plan would reduce federal revenues by about $10 trillion over its first decade, according to the Tax Policy Center, a non-partisan research outfit, increasing the national debt by nearly 80% of gross domestic product by 2036.

Hillary Clinton:

“But it's a plan that very much reflects the attitude of the candidate, which is policy over politics. It can’t easily be reduced to a slogan or a bumper sticker,” Goldsmith said.
Clinton’s plan would increase revenue by $1.1 trillion over the next decade, according to the Tax Policy Center, and nearly all of the tax increase would fall on the top 1%.

Ted Cruz:

He would then introduce a new 16% broad-based consumption tax. Federal tax revenues would decline by $8.6 trillion over a decade, according to Tax Policy Center.

“His plan actually represents the biggest boon to the wealthy of any of these plans. But it's a tax cut that's very broad-based,” Goldsmith said.



Bernie Sanders:

Sanders’ proposal includes increases in federal income, payroll, business and estate taxes, along with new excise taxes on carbon and financial transactions. In some cases, rates would be raised to rates well above historical levels in the U.S.
According to the Tax Policy Center, Sanders’ plan would raise $15 trillion over the next decade, with most coming from high-income households.