Hillary Tax Plan to Raise $1.1T, Mostly From the Rich

WASHINGTON (AP) -

A new analysis finds Hillary Clinton’s tax plan would raise $1.1 trillion from mostly wealthy taxpayers.

The study by the nonpartisan Tax Policy Center finds that many taxpayers will pay a tiny cost — about 0.1 percent of their after-tax incomes — for a bevy of new levies that the Democratic presidential contender is proposing. The biggest share by far would be paid by those in the top 1 percent.

Clinton is proposing a minimum tax for top earners, repealing incentives for fossil-fuels tax changes to discourage rapid financial transactions and other measures. Her campaign has also promised a tax cut for middle-class and poorer households but has not released details.

The Tax Policy Center is scheduled to release an analysis of Bernie Sanders’ tax plan on Friday.