Wednesday, January 27, 2016

Clinton Tax Plan Looks Like Ass: Congress Won't Pass them so No Big Deal

I think the Dems are just addicted to tax hikes for whatever reason.
Clinton’s plan would lead investors to postpone realizing their gains -- and would therefore reduce capital-gains tax collections by $374 billion over 10 years, according to an analysis released Tuesday by the Tax Foundation, a research group whose board of directors includes corporate executives. The group has not yet published an analysis of Sanders’s proposals.

Clinton’s tax plans, which would also cap itemized deductions that tend to benefit higher-income taxpayers, appear to raise $498 billion over 10 years, according to the foundation’s analysis. But the group’s report also said Clinton’s proposed tax increases would reduce U.S. gross domestic product by 1 percent over the long term -- resulting in actual collections of $191 billion over the next decade.
There is nothing like a 1% GDP hit to get only $19 billion a year to waste on some crap. I guess this would be called share the pain plan for almost no gain plan. I wish I could vote for someone decent in this election but everyone sucks.

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