Cruz' Tax Plan Trumps the Trump Plan in Economic Growth But Spending Cuts Would Be Needed
February 2, 2016
When it comes to economic growth effects, the Cruz tax plan "trumps" the Trump plan, according to the National Center for Policy Analysis' Tax Analysis Center and the Beacon Hill Institute. However, without assuming that some spending reductions would take place, both plans would add to the national debt. Both plans share some features, such as eliminating the estate tax, eliminating the marriage penalty, reforming corporate taxes, reducing tax rates, and eliminating the Alternative Minimum Tax ‒ while preserving the mortgage and charitable deductions for individual filers. Yet, in many ways, the plans are worlds apart.
Browse more articles on Tax and Spending Issues