Tax Plan Showdown: Hillary Clinton vs. the Republicans

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The Tax Policy Center has analyzed Hillary Clinton’s various tax proposals, which means we now have data for the top three Republican candidates and the top Democractic candidate: Donald TrumpMarco Rubio, Ted Cruz, and Clinton. Click the links for details. Or just look at the charts below for the nickel summary.

You don’t need to look very hard, do you? One of these things is not like the others. The Republicans all give middle-income taxpayers a tiny benefit as a sop to distract them from the humongous payday they give to the rich. Clinton basically leaves middle-income taxpayers alone and makes the rich pay a little more.

On the cost side, all of the supposedly fiscally conservative Republicans would blow a massive hole in the deficit. Clinton would actually make the deficit smaller.

Republicans will claim that their tax plans are designed to supercharge the economy and pay for themselves blah blah blah. This is BS, and they know it. They also claim they’ll slash spending. This is mostly BS too. On the other hand, Clinton says she’ll use the money from her tax plan to fund additional programs, which is entirely believable. This makes her plan deficit neutral. Basically, we have three fantasy plans and one realistic plan. The difference in fiscal responsibility is kind of mind-boggling, isn’t it?

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THE BIG PICTURE

You expect the big picture, and it's our job at Mother Jones to give it to you. And right now, so many of the troubles we face are the making not of a virus, but of the quest for profit, political or economic (and not just from the man in the White House who could have offered leadership and comfort but instead gave us bleach).

In "News Is Just Like Waste Management," we unpack what the coronavirus crisis has meant for journalism, including Mother Jones’, and how we can rise to the challenge. If you're able to, this is a critical moment to support our nonprofit journalism with a donation: We've scoured our budget and made the cuts we can without impairing our mission, and we hope to raise $400,000 from our community of online readers to help keep our big reporting projects going because this extraordinary pandemic-plus-election year is no time to pull back.

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