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NYC Bombing Update: FBI Stops "Vehicle of Interest" on Verrazano Bridge

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lawhawk9/19/2016 7:08:06 am PDT

So, the Tax Foundation tries to score Trump’s tax plan. It goes predictably as one would expect. Trump adds trillions in debt, without growing the economy as he claims it would. It’s not revenue neutral, and there’s no way to get there without substantial cuts to core government services.

In other words, it’s the standard issue GOP tax policy.

The difference here is that his current tax “plan” is about half the size of his original giveaway to the rich. He’s still giving the majority of all tax cuts to the 1%, but they’re not seeing the same size tax cut as before. And the result of those massive tax cuts is adding anywhere from $3 to $6 trillion in debt over 10 years using static scoring (less using dynamic scoring, but still significant given the $1 to $2.6T in debt added).

Meanwhile, Clinton’s tax plan would essentially create a new tax bracket for the wealthiest Americans as a surtax - while everyone else sees no significant changes on the brackets. There’s some adjustments to various deductions and addbacks, but the Foundation has found that Clinton’s plan would reduce the debt over the 10 year period.