In Hillary’s acceptance speech last night, she promised many things, including free college for everyone and forgiveness of college debt. How will she pay for those things?
If Hillary becomes President (I can think of few things worse) she intends to push for massive tax increases. She wants taxes raised on all of us, all the way through our lives, and even after we’re dead with an increase in the death tax.
Although Hillary promised not to raise taxes on the middle class (those making less than $250,000 a year) she has also said she would not be opposed to payroll tax increases on everyone. She wants an income tax increase of $350 BILLION by putting a cap on deductions of 28%.
Hillary will also have an increase in business taxes to the tune of $275 BILLION.
My favorite is the “fairness” tax increase of $400 BILLION to “restore basic fairness in the tax code” by treating carried capital gains as regular income and an increase in death tax, presumably because it’s not “fair” that the dead get out of paying taxes.
Her total in tax increases would be a TRILLION dollars over 10 years.