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April 13, 2016
Hillary promises a trillion dollars in new taxes if elected
Not to be outdone by Bernie Sanders in promising free stuff to voters, Hillary Clinton is promising to raise taxes by an astounding trillion dollars. [Update: that is a ten year total, not per year.] Taking that kind money out of the economy and putting it into the hands of government bureaucrats will tank the economy. But of course, with so many members of the voting pubic not paying income taxes, this may actually be an attractive proposition to them.
In a interview with the New York Daily News editorial board, she proposed (as the Daily Caller summarizes):
The former secretary of state proposed a slew of new hikes – including a 28 percent cap on itemized deductions to raise $350 billion for college subsides. Through “business tax reform,” she said she plans to bring in $275 billion for infrastructure purposes and plans to raise somewhere between $400 and $500 billion in revenue by eliminating certain deductions,...(Read Full Post)