Third 2016 Presidential Debate: on Tax Reform
Hillary Clinton:
FactCheck: Hillary's plan raises taxes only for top 5%
Trump said, "Clinton's plan is going to raise taxes and even double your taxes. Her tax plan is a disaster. And she can say all she wants about college tuition. And I'm a big proponent. We're going to do a lot of things for college tuition. But the rest
of the public's going to be paying for it. We will have a massive, massive tax increase under Hillary Clinton's plan."Fact-checked: "Clinton's plan wouldn't raise taxes at all for 95% of Americans, according to the nonpartisan Tax Policy Center.
The very wealthiest would take the greatest hit, though a doubling is highly questionable. Two-thirds of her proposed increases would hit the top 0.1 percent of richest Americans, the center estimates. The main components of her tax plan: a minimum
30 percent tax on those earning at least $1 million a year, and a 5 percent tax surcharge for those earning more than $5 million a year. She would also cap the value of tax deductions and exclusions for wealthier taxpayers."
Source: Fox Business FactCheck on Third 2016 Presidential Debate
Oct 19, 2016
Hillary Clinton:
I will not add taxes on anyone earning under $250,000
I have said repeatedly throughout this campaign: I will not raise taxes on anyone making $250,000 or less. I also will not add a penny to the debt. I have costed out what I'm going to do. He will, through his massive tax cuts, add $20 trillion to the
debt. We know how to get control of the debt. When my husband was president, we went from a $300 billion deficit to a $200 billion surplus and we were actually on the path to eliminating the national debt. When President Obama came into office, he
inherited the worst economic disaster since the Great Depression. He has cut the deficit by two-thirds. So, yes, one of the ways you go after the debt, one of the ways you create jobs is by investing in people. So I do have investments, investments in
new jobs, investments in education, skill training, and the opportunities for people to get ahead and stay ahead. That's the kind of approach that will work.
Source: Third 2016 Presidential Debate in Las Vegas
Oct 19, 2016
Page last updated: Dec 09, 2018