The money guys disagree:
Trump Tax Plan Would Add Trillions To Debt; Clinton Plan Would Trim Deficits, Hike Taxes On Wealthy
Two new Tax Policy Center reports quantify the dramatic contrast between the latest tax plans of Hillary Clinton and Donald Trump.
Clinton has proposed a significant tax increase on high- income households and businesses.
Trump’s plan, while less ambitious than the version he released in 2015, would still largely benefit high-income households and result in a substantial boost in the federal debt.
Trump’s latest plan would reduce federal revenues by $6.2 trillion over the next decade, with nearly half of the tax cuts going to the highest-income one percent of households. Clinton, by contrast, would boost federal revenue by $1.4 trillion over the next decade, with the bottom 80 percent of households receiving tax cuts and the top one percent paying over 90 percent of the net tax increase.
These revenue estimates use traditional budget scoring and exclude macroeconomic effects (dynamic scoring) and changes in interest costs. With added interest, the Trump plan would add about $7.2 trillion to the national debt over the next decade. Because Clinton’s tax plan would reduce interest costs, it would trim the debt by $1.6 trillion over the next 10 years (though her spending proposals would likely soak up much of that revenue). TPC will soon release dynamic scores of both plans, which it produces in collaboration with the Penn Wharton Budget Model.
http://www.forbes.com/sites/beltway...d-trim-deficits-tax-the-wealthy/#11bdb3d4195f
