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Wednesday, July 18, 2018

US election fact check: Donald Trump exaggerates Hillary Clinton tax impact

Donald Trump: "Her (Clinton's) plan is going to raise taxes and even double your taxes."

By: AP | Washington | Published: October 20, 2016 8:46:02 am
Donald Trump, Hillary Clinton, US debate, US election debate, US polls, US latest news, US poll results, US fact check, Donald Trump fact check, Hillary clinton fact check, news, latest news, us election news Republican presidential nominee Donald Trump

A claim from the final presidential debate and how it stacks up with the facts:

Donald Trump: “Her plan is going to raise taxes and even double your taxes.”

The Facts: Clinton’s plan wouldn’t raise taxes at all for 95 percent 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.

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