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2016 Postmortem
Related: About this forumhow 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.
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how much each presidential candidate would raise — or cut — taxes for the superrich (Original Post)
zalinda
Mar 2016
OP
Trust Buster
(7,299 posts)1. And neither plan will Pass in Congress so it's kind of a moot point.
Response to zalinda (Original post)
dsc This message was self-deleted by its author.
Wilms
(26,795 posts)3. Thanks for posting. n/t
insta8er
(960 posts)4. But, Hillary has soooo much in common with Republicans..surely she can convince them? (n/t)