Monday, November 21, 2016

What Is Donald Trump's Tax Plan? An Analysis Of Whom It Will Benefit : NPR

What Is Donald Trump's Tax Plan? An Analysis Of Whom It Will Benefit : NPR

Economists disagree on whether the tax plan would be good for the economy. The Tax Policy Center says that over the first decade, the government would lose $6.2 trillion in revenue, producing huge budget deficits that could hurt the economy.

One other element of the Trump plan is worth noting: It would eliminate the federal estate tax entirely. Only the wealthiest taxpayers — less than 1 percent — now pay that tax. Ending it would lead to an even greater concentration of wealth in the U.S.

  

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