Changes

*Raise the minimum wage and figure out how to make the tax system a fairer one. Right now, the wealthy pay too little and the middle class pays too much. (DD1)[http://www.ontheissues.org/Tax_Reform.htm]

*Income Tax: Itemized Deductions -- Caps the tax benefit of itemized deductions at 28% of the deduction.[http://taxfoundation.org/comparing-2016-presidential-tax-reform-proposals]*Income Tax: Credits -- Makes the American Opportunity Tax Credit permanent.[http://taxfoundation.org/comparing-2016-presidential-tax-reform-proposals]*Income Tax: Alternative Minimum Tax -- Creates a new minimum 30 percent rate on individuals earning over $1 million.[http://taxfoundation.org/comparing-2016-presidential-tax-reform-proposals]*Income Tax: Rates on Capital Gains and Dividends -- Adds a 4% surtax on income over $5 million. Raises rates on medium-term capital gains (investments held for less than six years) to between 24% and 39.6%.[http://taxfoundation.org/comparing-2016-presidential-tax-reform-proposals]*Corporate Income Tax: International Income -- Strengthens rules preventing inversions. Imposes an "exit tax" on unrepatriated earnings of U.S. firms going through inversions.[http://taxfoundation.org/comparing-2016-presidential-tax-reform-proposals]*Estate Tax -- Increases the top estate tax rate to 45%, and lowers the estate tax exclusion to $3.5 million.[http://taxfoundation.org/comparing-2016-presidential-tax-reform-proposals]*Other Taxes -- Establishes business tax credits for profit-sharing and apprenticeships. Taxes carried interest at ordinary income rates. Establishes a tax on high-frequency financial transactions.[http://taxfoundation.org/comparing-2016-presidential-tax-reform-proposals]