Not surprisingly, the tax positions of our presidential candidates differ dramatically, and that is especially true between the parties. Some of the changes proposed by the candidates could significantly alter the current tax system.
The Tax Foundation, a not-for-profit independent tax policy research organization, recently published a study comparing the candidates’ tax policies and the economic impact of the proposals. A few of the proposals are listed below.
Tax policy appears to be a key issue in the presidential election discussion. The positions listed here are based upon the initial plan laid out by the candidates but will likely change and be refined over the course of the election. Given the push from all candidates to reform the tax laws, it will be important to research the candidates’ positions and understand the implications as you head to the polls.
To access the full publication including an estimate of the economic impact from the Tax Foundation click here.
John is a Partner and leads the Redpath and Company business tax service area. He assists clients with tax planning, preparation and research, and mergers and acquisitions. John works with a variety of clients in industries such as manufacturing, construction, real estate, and professional practice. He has provided public accounting services since 2004.More posts by John Kammerer