High taxes and Democratic administrations go hand in hand. Hillary Clinton won’t be an exception to that rule, and we know that ahead of time. Her campaign has released the numbers, which, in some cases, don’t even match her own promises. For example, she’s vowed not to raise taxes on the middle class, but the Democrats’ own documents say otherwise.
This list is a suffocating thing to read, and remember: Given what we know about politicians’ platforms, these figures are likely on the low side and the true costs will be far higher.
Americans for Tax Reform reports:
Hillary Clinton has made clear she intends to dramatically raise taxes on the American people if elected. She has proposed an income tax increase, a business tax increase, a death tax increase, a capital gains tax increase, a tax on stock trading, an “Exit Tax” and more (see below). Her planned net tax increase on the American people is at least $1 trillion over ten years, based on her campaign’s own figures.
Hillary has endorsed several tax increases on middle income Americans, despite her pledge not to raise taxes on any American making less than $250,000. She has said she would be fine with a payroll tax hike on all Americans, she has endorsed a steep soda tax, endorsed a 25% national gun tax, and most recently, her campaign manager John Podesta said she would be open to a carbon tax. It’s no wonder that when asked by ABC’s George Stephanopoulos if her pledge was a “rock-solid” promise, she slipped and said the pledge was merely a “goal.” In other words, she’s going to raise taxes on middle income Americans.
That’s just the beginning. As the ATR notes, Hillary’s campaign still hasn’t released all the details of their proposals. If she gets elected in November, hold on to your wallet — if you can.
Credit: Americans for Tax Reform