Tonight 100 million Americans will watch a debate that began with the American Revolution: How much of the money you earn is yours—and how much the government will take.
Never before in American history have the two parties been more divided on the tax issue. Not a single Democrat Congressman or Senator has signed the Taxpayer Protection Pledge. More than 90 percent of Republican candidates have committed in writing to oppose any and all tax increases.
Trump will cut the business tax from 35% to 15%, cut income tax rates, abolish the Death Tax, and abolish the AMT (Alternative Minimum Tax).
Hillary has promised at least $1 trillion in new and higher taxes. I’ve compiled a list of Hillary’s tax threats for you below. I invite you to use the hashtag #HighTaxHillary on social media as Hillary pushes more tax hikes on the American people.
Top Hillary tax points to keep in mind as you watch the debate tonight
Trillion dollar tax hike – Hillary’s tax hike proposals will raise taxes on the American people by over $1,000,000,000,000 over the next ten years, based on her campaign’s own numbers.
Payroll Tax Hike – Hillary said she would not veto a payroll tax increase on all Americans should such a bill reach her desk. She said she would set her middle-class tax pledge aside. This took place Jan. 12 in Iowa, and it’s on video:
Moderator: “Democrats have introduced a plan that Senator Sanders supports that you’ve come out against because it is funded by a payroll tax. If that were to reach your desk as President, would you veto it in order to make good on your tax pledge?”
Hillary Clinton: “No. No.”
Soda Tax Hike – Hillary endorsed a steep new soda pop tax in Philadelphia. This will cost soda purchasers an extra $2.16 per 12-pack. Bernie Sanders called out Hillary’s violation of her middle-class tax pledge:
"Frankly, I am very surprised that Secretary Clinton would support this regressive tax after pledging not to raise taxes on anyone making less than $250,000. This proposal clearly violates her pledge," he said.
Sanders also said: “The mechanism here is fairly regressive. And that is, it will be increasing taxes on low-income and working people.”
25% National Gun Tax – Hillary endorsed a new national 25% retail sales tax on guns. “I am all for that,” she told the Senate in 1993. On June 5, 2016, she was asked about her gun tax endorsement by George Stephanopoulos on ABC’s This Week. She acknowledged her gun tax endorsement and did not disavow it, saying she wanted the gun tax money to pay for Hillarycare. If you have any doubts about her strong desire to impose a new gun tax, watch her face in the video.
Doubling of federal excise tax on guns -- Hillary also endorsed a doubling of the existing federal excise tax on guns.
65% Death Tax – Hillary is now pushing a 65% Death Tax. And her finances are arranged to shield herself from death taxes.
Capital Gains Tax Hike – Hillary has proposed the most complex and Byzantine capital gains tax regime in American history, with ten different rates. She raises the top capital gains tax rate from 23.8% to 43.4%.
No Corporate Income Tax Rate Relief for Anyone – Hillary offers no income tax rate reduction for any business. The USA has the highest corporate income tax in the world, which kills jobs and makes us less competitive. Even Bill Clinton understands the need to cut the corporate rate.
No Personal Income Tax Rate Relief for Anyone – Hillary offers no income tax rate reduction for any American.
Carbon Tax – Hillary’s campaign has opened the door to a carbon tax if she wins the White House. Democrat Senate Leader Chuck Schumer is also fantasizing about a carbon tax under Hillary, and a carbon tax is part of the official 2016 Democrat party platform.
Also check out our dedicated website, www.HighTaxHillary.com, for updates tonight during and after the debate.
Grover Norquist is the president of Americans for Tax Reform.