Trump's Tax Plan Cost Analysis

This is a news story, published by The American Prospect, that relates primarily to Donald Trump news.

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The American Prospect

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Trump’s tax plan would cost between $8.5 trillion and $9.75 trillion over a decade

Summary

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68% Informative

Donald Trump ’s recent bid for votes by giving away a host of tax benefits and exemptions would bring the total cost of his tax plan to between $8.5 trillion and $9.75 trillion over a decade .

Trump has vowed to eliminate taxes on tips, cancel taxes on Social Security benefits, end taxes on overtime pay, reduce the corporate tax rate to 15 percent .

Julian Zelizer : Trump 's tax cuts and trade tariffs won't cover the increase in debt from 2017 tax cut.

He says the most aggressive tariff he’s ever proposed wouldn’t even cover all of the new handouts.

Republicans are trying to sound noncommittal on Trump tax plans while being fundamentally opposed to them, he says.

Zelizer says the GOP has history of capitulating to whatever Trump wants.

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semi-formal

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English

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