Tuesday, October 27, 2015

Hillary Clinton's Tax Plan-Iman Abdul



                            Hillary Clinton plans on increasing middle-class incomes. She plans on raising short-term capital gains taxes for those earning $400,000 or more a year (which are the top 0.5% of taxpayers) and absolutely no tax increase on people earning under $250K (Apr 2008). She believes that investments held between one and two years would be taxed at the maximum income-tax rate of 39.6%. Clinton would also tax high-frequency traders if she wins the 2016 presidential election. 
Hillary will cut taxes for hard-working families to increase their take-home pay as they face rising costs from child care, health care, and sending their kids to college. She is calling for extending a tax cut of up to $2,500 per student to help deal with college costs as part of her New College Compact, and for cutting taxes for businesses that share profitswith their employees.

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