sundin13 said:
The article that the OP posted was kinda terrible, but its really easy to find the full report with a simple google search. Here it is (the more in depth analysis is available for the older tax plan, but it still largely holds for costs so you can check that out too): http://crfb.org/papers/promises-and-price-tags-preliminary-update You are also free to read more tax specific analysis: |
From your second source:
Key Findings
- Republican presidential candidate Donald Trump’s tax plan would significantly reduce income taxes and corporate taxes, and eliminate the estate tax.
- According to the Tax Foundation’s Taxes and Growth Model, the plan would reduce federal revenue by between $4.4 trillion and $5.9 trillion on a static basis. The amount depends on the nature of a key business policy provision.
- The plan would also significantly reduce marginal rates and the cost of capital, which would lead to higher long-run levels of GDP, wages, and full-time equivalent jobs.
- After accounting for the larger economy and the broader tax base, the plan would reduce revenues by between $2.6 trillion and $3.9 trillion after accounting for the larger economy, depending on the nature of a key policy provision
- The plan reduces revenue by substantially less than the plan proposed by Trump last year, on both a static and dynamic basis.
- On a static basis, the plan would lead to at least 0.8 percent higher after-tax income for all taxpayer quintiles. The plan would lead to at least 10.2 percent higher incomes for the top 1 percent of taxpayers or as much as 16.0 percent higher, depending on the nature of a key business policy provision.







