DISCLAIMER: This post is not endorsing any candidate for the office of the President of the United States of America. Sorry, no juicy antagonism here.
We know, that’s pretty boring. But with all the mudslinging this election season we’ve decided to try to dig into some actual facts for our friends, partners, blog readers, and fellow citizens.
We’ve put together a list of articles and summaries that dive into different views about the presidential candidates’ economic and tax plans that could affect Americans and their businesses.
To summarize our research, we believe that Len Burman, head of the centrist Tax Policy Center that conducted a detailed review of both candidates’ plans, said it best. In an interview with Politico (one of our mentioned articles below), he said that the candidates’ plans “really couldn’t be more different.”
“In almost every meaningful respect,” he said, “these plans are mirror images.”
In keeping with our dedication to guidance and education, our goal is to present information and let people decide for themselves what’s best for them and how they will be affected.
Hillary Clinton’s Plan
From the Clinton website: Unlocking access to capital, tax relief, health care incentives, and more.
From CNN Money: Creating a standard deduction for businesses, similar to individuals.
From CNBC: Committed to raising the estate tax, cutting the exemption for the “death tax,” and more.
From Fortune: “Is Hillary good for business?”
Donald Trump’s Plan
From the Trump website: Lowering the business tax rate from 35% to 15%, and eliminating the corporate alternative minimum tax.
From the USA Today: How the 15% commitment might – or might not – affect S Corporations, LLCs, LLPs, and other types of companies taxed on a “pass-through” basis.
From Small Business Trends: Dedicated to repealing Obamacare and loosening regulations.
From Bloomberg: Could more and more employees become contractors?
From Entrepreneur: Trump v. Clinton – 5 Tax Plan Comparisons
From FactorFinders: Takeaways from Trump’s, Clinton’s Small Business Plans
From Politico: “Trump’s tax plan would shower the rich, Clinton’s would soak them”