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Presidential Candidate Platforms (view source)
Revision as of 13:47, 13 January 2016
, 13:47, 13 January 2016→Jeb Bush
**Tax Proposal: Lower taxes on small business and big businesses, simplified tax code that is easier on middle class and families[http://www.newsweek.com/your-money-your-vote-newsweeks-2016-presidential-debate-live-blog-388228][https://jeb2016.com/policy-tax-plan/?lang=en]
**reduce personal income tax brackets down to three brackets: 28%, 25%, 10% like the Reagan administration’s second tax reform
**fact check: Reagan’s 2nd tax reform wasn’t like this; it was broken into 4 groups (10%, 28%, 33%, 28%), making a tax “bubble”. Taxpayers after a certain income level paid a flat 28% tax rate [https://en.wikipedia.org/wiki/Tax_Reform_Act_of_1986#cite_note-4] [http://www.npr.org/sections/itsallpolitics/2015/09/09/438873030/everything-you-wanted-to-know-about-jeb-bushs-tax-plan]
**cut down corporate tax rate from 35% to 20% and change it to territorial tax system (tax only on earnings made in US)[https://jeb2016.com/backgrounder-jeb-bushs-tax-reform-plan/?lang=en]
**2% cap of filer’s gross income on total tax deductions
