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