Who benefits the most from Clinton and Trump’s tax plans?

Special Publications | Taxes

Thursday, September 22, 2016

Dallas, TX

According to results from the NCPA's modeling of the U.S. economy, conducted in partnership with Dr. David Tuerck and his team at the Beacon Hill Trump's plan would promote economic growth – but would reduce federal revenues by $7.4 trillion.

The bottom line on Trump’s tax plan: “As currently presented, the Trump tax proposals would reduce taxes on all taxpayers regardless of income level. This should increase efficiency and spur faster economic growth,” says NCPA Senior Fellow and Director of the Beacon Hill Institute Dr. David Tuerck.

Previous NCPA researchon Clinton’s plan found that while government jobs would increase, private sector jobs, personal income, GDP growth and business investment would all fall. Additionally, the revenue raised by Clinton’s plan would fall short of her planned spending projects:

The bottom line on Clinton’s tax plan: “Hillary’s plan is simply a continuation of the slow-growing Obama economy, except worse,” warns NCPA Senior Fellow Pam Villarreal. 

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