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zalinda

(5,621 posts)
Sat Mar 19, 2016, 09:23 PM Mar 2016

how much each presidential candidate would raise — or cut — taxes for the superrich


Sanders's tax plan would raise $596 billion from the top 1 percent and $358 billion from the top 0.1 percent.

By comparison, the entire military spending budget in 2015 was $583 billion, according to the Congressional Budget Office. With that money, you could double federal spending on veterans, education, and transportation and still have $116 billion left over.

Clinton's plan would raise $89 billion from the top 1 percent and $60 billion from the top 0.1 percent.

Obviously that's much smaller, but still nothing to sniff at. The entire federal food stamp program costs about $78 billion.

Trump's plan would decrease federal revenue coming from the top 1 percent by $312 billion, and by $151 billion for the top 0.1 percent.

Trump's plan is not as generous to the superrich as Cruz's, but overall it calls for the most massive tax cuts — with no offsetting spending reductions — of any of the Republican candidates.

Cruz's plan would decrease federal revenue coming from the top 1 percent by $463 billion, and by $231 billion for the top 0.1 percent. That's part of a plan that is, in general, much more generous to the wealthy than any of the other candidates' plans, according to Vox's Dylan Matthews.

http://www.vox.com/2016/3/19/11265394/president-candidates-taxes-trump

*Would have posted the graph, but I couldn't figure out how to do it.

Z
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how much each presidential candidate would raise — or cut — taxes for the superrich (Original Post) zalinda Mar 2016 OP
And neither plan will Pass in Congress so it's kind of a moot point. Trust Buster Mar 2016 #1
This message was self-deleted by its author dsc Mar 2016 #2
Thanks for posting. n/t Wilms Mar 2016 #3
But, Hillary has soooo much in common with Republicans..surely she can convince them? (n/t) insta8er Mar 2016 #4

Response to zalinda (Original post)

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