How the candidates compare on taxes
According to the Tax Policy Center, Clinton's tax proposals could cut $1.2 trillion off the national debt within one decade while Trump's proposals could add $11.2 trillion to the debt.
A combination photo of U.S. Democratic presidential candidate Hillary Clinton and Republican presidential candidate Donald Trump.
Lucy Nicholson (L) and Jim Urquhart/Reuters/File
听补苍诲听聽have proposed dramatically different tax plans. Clinton wants to聽聽to boost revenue and pay for new social initiatives. Trump wants to聽聽on both individuals and businesses. Add it up and over the next decade the two plans are more than $12 trillion dollars apart: The Tax Policy Center (TPC) estimates Clinton鈥檚 tax proposals would shave $1.2 trillion off the nation鈥檚 debt over the next 10 years while Trump鈥檚 would add $11.2 trillion.
TPC estimates include only changes in revenue and interest payments (savings for Clinton and costs for Trump). However, the Committee for a Responsible Federal Budget has examined聽. It found Clinton鈥檚聽聽(meaning she鈥檇 maintain projected deficits). By contrast, Trump has offered no major spending reductions to offset his聽聽and has even called for more defense spending (bottom line: even larger deficits).
Clinton鈥檚 campaign has repeatedly promised an additional tax cut for low- and middle-income households and聽. Still, barring major alterations to these plans, voters will choose between radically different paths on tax policy in November.
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