While Americans are rushing to file their taxes before this year’s looming deadline, Hillary Clinton thinks the government isn’t taking enough of their hard-earned money – not by a long shot.
This week she unveiled a job-killing economic plan that would raise taxes by $1 trillion dollars over 10 years.
Clinton’s plan includes 18 new tax increases, and it will cost each family of four between $4,000 and $150,000 a year.
Hillary told the editorial board of the New York Daily News that, yes, she will spend more money than Barack Obama on new, big government programs. Clinton says she has mapped out a series of tax hikes to show how taxpayers will pay the bill.
Her new so-called “investments” will be paid for “with the taxes that I think have to be raised,” she said on April 9. “I would spend about $100 billion a year.”
She told the editors that would total a staggering one trillion dollars in new taxes over ten years.
Some of that comes from raising taxes on millionaires and increasing the capital gains tax – making it less profitable to do business or invest.
But, financial experts say, the wealthy aren’t the only ones who will pay. Average Joe’s will get smacked with a huge tax bill, too.
Her tax-the-rich scheme would discourage savings and investment and punish success – a plan economists warn will slow down an economy already struggling under the weight of a $19 trillion dollar debt.
In all, she would enact 18 separate tax increases, not including taxes on businesses, which she has yet to unveil.
Financial experts also note that businesses pay for tax hikes by passing the cost on to consumers through higher prices. In other words, corporations don’t pay taxes; you do.
Politico reported that Hillary would also “dump tax breaks for the oil and gas industries,” leaving Americans to pay more at the pump just as prices are beginning to decline.
The Tax Foundation found that her tax plan alone will decrease GDP by disastrous one percent.
To put that in perspective, that will “translate into 0.8 percent lower wages” for every American and “311,000 fewer full-time equivalent jobs,” the group says.
The poorest Americans – the bottom 10 percent – would make $2,038.40 a year less than they do now.
That means under a Clinton presidency, the poorest of poor families will be hit for over $4,000 a year more in taxes – at minimum.
Well off taxpayers — the top 1 percent — get soaked for an incredible $78,284 per person in new taxes, not including how the faltering economy would reduce their income.
The tax hikes comes despite the fact that Americans in 2016 paid more of their incomes in taxes at all levels of government than they spent on food, clothing, and shelter, according to the Tax Foundation.
You don’t even need to be alive to contribute to Hillary’s big government coffers. Her plan would raise the death tax by five percent so that, after a lifetime of paying taxes, Uncle Sam will take almost half of what the wealthiest Americans have left over.
Instead of cutting taxes and stimulating economic growth, Hillary is more likely to try to buy the votes of the poorest Americans by promising new “free” programs that will supersize government.
Short-sighted voters are happy to cash in under the illusion that the money is coming from someone else, until the bill comes due, or her plan produces trickle-down pain through every level of the economy.
“It’s worse than Obama, if you can believe it,” said Art Laffer, the architect of supply-side economics.
If politicians enact another four years of Democratic tax-and-spent policies, he said, America “will turn out to be Venezuela.”
– The Horn editorial team
Once again, on the backs of the hard working middle class…just more crap coming from this woman..and she wants to put every illegal on the “path to citizenship”…sure, when they start paying taxes like we do, get their asses off welfare and food stamps or better yet, ship them back to where they came from..and don’t give us this crap that this is not who we are..maybe we were not this way, but it’s a whole new world and we have to change along with it..and it that means putting a limit on immigration then thats the way it needs to be..unless you want to stand in the NY harbor and play statue of liberty with your own money then that’s a different matter..stop making the middle class pay for everything government wants to do.
Anything to put America into more debt and lower the percentage of the middle-class which is all in the plan to head America into a third world country. I guess Obama doubling the debt isn’t enough!!! Lets continue the down spiral!!
Doubling the debt isn’t enough, lowering the percentage of middle-class, turning this Country towards a third world country. Nothing but rich and poor so they can control you more. Communism and Hitler regime combined!!!!!!
Agree, we sure do not need her in the White House.
Agreed
No problem!
Within a year of Hillary,we will be a bananas republic. Want no one is thinking is we will lose our reserve status on money!
Already close to that already. Saudi arabia greedy baatards are losing money on oil. They either want to tighten production and charge more or change currencies from US dollar to something else.
Arm up stock your food and water and be ready for bread to go to $1,000 per loaf!
If she gets in, we are screwed!
No problem. The working class will pay for it. Hillary’s wealthy elitist and able bodied freeloaders will not.
You are exactly right
Judy; Using common sense to progressives is the stake thru the heart of Dracula. Progressive Logic is an organized way of going wrong with confidence. Even after the experiment of Socialism has failed all over the world , the academics contend that the people trying Socialism in the past were not as smart as we are.
Hillary is out of her head why does she want to finish off Americans already suffering high. Oat of living ?
She is totally out o her mind. But what does she care…her money is safely in the Clinton Foundation; her piggybank of untaxable riches.
You are correct! And how much did she take out of the Clinton Foundation to secretly pay for her Pardon from OBOZO! I sure she has paid him Millions to pardon all her criminal activity! She is such a Criminal and Belongs in a Deep Dark Prison Cell someplace.
she doesn’t care, she has the 8 BILLION DOLLARS she stole in Benghazi
Hillary should be prosecuted for her email scandal. If you or I did something like that we would be in jail already. I am tired of my pay going down and my insurance going up thanks to Odumbo. I will be 74 in June and I still have to work to take care of my family. People with money can buy anything I mean anything. We need a change and Trump is the man who can do it. For God sake let him have a chance to try to make America Great Again. You all gave Odumbo 8 years. He did great. Didn’t he?
I like Odumbo i call him ObumA i am 66 an i dont understand why he is still in office. I never in my life thought that American people were that stupid to let this Muslim run our great Country
George I.m 84 year old, and think the same way that you do!!!!! …… We need a change and fast I said there is going to be a cival war and it look like it is coming. I just read a note about Clinton when she become Preident she is going to tax all $4,000.00 GO TRUMP FOR PREIDENT!!!!!!!!!!
is this woman crazy or what obviously she has been hiding under a rock for the last 10 yeare because if she would take off the blinders she would be aware of the unemployment rate and the lack of job creation the whole time her former boss has been in office also by creating obamacare he has killed any kind of new business start up chances that could have led to a few hundred new jobs not to mention the loss of the keystone pipeline this cost many americans jobs and thousands of dollars and now she expects them to pay more? my best suggestion for her is to go home crawl back into her email server and enjoy it while it lasts and get used to the idea that she will never be elected if this is what her policies will be
youre not the only 1 and why he has been allowed to stay after all his sneaky tricks is a total mystery
HE IS STILL THERE BECAUSE HE IS BLACK. IF HE WAS WHITE THEY WOULD HAVE HIM OUT OF THERE ALREADY. THEY ARE SCARED OF HIM.
It’s very easy to concoct theories that will put down anybody a biased criticizer is against of. These critics are agile downers, and are nothing but to move up their personal agenda under a very concealed strategy to demerit the leaders they are against. In other words, the criticizers are good at promoting black propaganda to win voters who are ignorant and easily convinced. America is not going anywhere with the attitude of these bad critics. It’s a pity !
Finally a dose of reality. Truthfully, this is going to happen no matter who is President. Our debt/deficit is so huge that it will soon force our leaders to make unpopular corrections. We’ve been over-promised. Now in the words of the country music song, “It’s time to pay the fiddler. But before we pay the fiddler, let’s ask him to play us one last final tune.” The liar Clinton is telling the truth for once. Amazing!!
Donald Trump for the Presidency or the Country is done
When you have a rat in your house you must find a way to get ride of it.
With all the scandals she has been thru, what really do you think is her end game? How is it that she continues to survive? ……….Answer—Continue to transform America for the powers that be. I am not convinced we can stop her. I can only vote, and I am voting for TRUMP…
Why are we so gullible? Secretary Clinton did no such thing! This is a bold face lie! I can’t tell you whom to vote for but Trump and Cruz doesn’t care about the middle class! Trump is a divider and a lying racist! He doesn’t know anything, he never held public office! I’m not willing to risk our safety by voting for Trump! These are turbulent times that we live in and we don’t want a rookie, fake wanna be John Wayne! If elected these two individuals will start another war! Do any of you remember tough talking George Bush? Well that tough talk cost over four thousand American soldiers their lives! It’s easy to talk tough when you don’t have a dog in a fight! You will never see any of Trumps children on the front lines fighting in a war! I’m a disabled veteran and i can assure you that the Republican Party isn’t the one to lead this country! Remember that we have a Congress that the new President must work with, if we want to accomplish anything Congress! Stop sucking up every lie that’s posted online and offline! Do your research before you fall for every lie that’s posted, consider the source!
Sandra Green,
“Do your research…consider the source”, you say. But those are empty admonitions when every lie, from the Left to the Right, has published “evidence” and “facts” to back it up!
Dumbass! Must be a brain dead liberal!
Well now I understand how American got this way with people like Sandra Green voting party line rather than doing research into what she is voting for US is truly screwed and they don’t even know it with people like her voting.To bad , Like my great civilizations destroyed from within by corruption and lies.The end is near hang on to your hats folks its going to get nasty.The big fall harder and faster.
I AM CONSIDERING THE SOURCE SANDRA, IT’S IDIOTS LIKE YOU THAT PUT OBAMBAM IN THERE BUT I HOPE ENOUGH AMERICANS HAS WISED UP AND THEY VOTE FOR TRUMP. HE’S OUR HOPE TO SAVE AMERICA. WAKE UP AMERICA.
I M also
A disabled veteran and I’m no way would I vote
For Clinton. She is the biggest liar
I have ever seen in my life time. When she ran before she said who do you want to
Answer the phone at 3am. Well
She had her chance an did nothing. She lied saying the Benghazi attack was because of s film full knowing it was a terrorist attack. The ambassador asked for more security and she
Did not add any and never asked
Another country to help our men. Now we have four brave
Men dead for no reason.
It don’t matter who goes in office he or she will raise taxes and along with everything else. This country will be broke and in three years we will be under martial law.
Do you really believe that we will be broke in three years? Nobody worried about the deficit when Dubya charged the Iraq war to his POTUS Black Amex card. Now you folks are finally dividing the deficit figure by the population and realizing that we will never be able to pay this off unless interest becomes a negative figure. Of course, the GOP answer is to cut taxes (the money used to pay down the deficit) and we have seen how well that works. We need to cut up that Black Amex card and pay our bills for a change.
You are more than welcome to pay all of your money you want for the deficit that Obama rang up in the guise of the what’s best for us. Personally I think they should pool all the politicians money and stocks and pay that toward what they’ve done.
Well if she does, get elected, I just wonder how much of this so called new taxes, is bonnie clinton an clyde clinton, going to skim off the top for their own bank accounts, most the ones off shore, an you sure as hell , she won,t be paying an of the 4 Grand per person, estimated amount . She an he are just common thieves , stealing an never putting back. what lousy americans they are
This was probably the least-balanced, least factual article I have read on Hillary’s tax plans. Making hedge-fund billionaires pay tax on their gains alone will pay for the entire plan. Don’t believe me? Ask Warren Buffet how much he pays.
probably very little
Again, the promises of lowering taxes and helping the middle class will take a back seat. It’s all empty. I agree that whoever is put into office is going to have to do something about our deficits. It may look pretty grim for awhile, but it has to be done. It’s how they go about doing it that will make all the difference. I have been following this year’s campaigns more than I ever have in the past, learning a great deal. It’s disturbing.
Perhaps the answer to Hillary is that EVERYONE create a “NON-PROFIT’ tax exempt “CHARITY’, as she, Arkansauce Willie, and daughter (Hitllary Jr.) have done.
While none of us can command the enormous speaking fees that Hitlary and Slick Willey do, we could contribute everything that we ‘make’ to the foundation, (while earning 99.9% of that back in ‘Foundation Expenses and Overhead’)
I’m sure we could all find a worthwhile ‘Charitable Cause’ to donate the remaining point 1% to.
If enough people were to do so, even the Democrats would have to crack down on the scams like the Clinton’s are running.
And they surely would not stand for the high tax rates!!!
Truly she is delusional. More spending of hard working taxpayer’s money, for another Clinton idea. There is so much money being spent on frivilous crap right now it’s unbelievable. How about paying down the debt and not have another gov. Department? Waste!
All the Dems. know how to do is raise taxes and impose more regulations. And don’t believe that only the “rich” will pay.
The middle class will shoulder the brunt of this. Clinton already has her crown ready..the foundation will continue to receive
donations…the black communities will blindly follow her to even more pain…and small businesses will close.
Our problem right now is that the young people don’t have a clue to the type person Hillary is…not a giver, but a taker. And those that don’t know, freebies are not going to be free. Socialism and even communism is not what its cracked up to be…look at places like Cuba and you’ll understand. The ones in this situation are the only ones that are going to get richer and stay that way until the economy completely fails. Those that are not in the know need to get an education on these type people and get their heads out of the sand. If people vote for Hillary or even Sanders, then you won’t see America any more, as it will be totally gone…no freedoms, homes and land taken away, families having to depend on Government, hardly any money for your self, no real jobs, can’t talk about God, no Constitution, etc. Like I said, the only ones that will have all of this and not be hurting are the very ones that will suppress the people.
Why anyone would possibly vote for this woman is beyond me, or for Bernie for that matter. If you think Obamacare is bad, just wait until the Government reaches right into your bank account LEGALLY and just takes what they want because they say it’s needed to lower the deficit !!
If people want a change in government to BETTER the lives of the American people they better be voting for Donald Trump. Weather he is right or wrong for the office at least he will try and do something for us for a change. The thought of anyone else in the next term makes my stomach turn.
I’m 84 and I’m gonna have to go back to work, that bas turd in Washington wants a $16,000.00 raise but won’t give us a raise on social security that I’ve paid into all my life I can’t even make ends meet now.
The government and the big unions causing everything to go up in prie and leaves us nothing but debt.
K9, this is the type of thing that makes me boil. You should not have to work at 84!!!! How about putting some of these lazy good for nothings to work and stop paying their way through life? I’m sorry you are in this spot. I will be in 20 years I’m sure. Maybe even worse if the Hillarys and Obama Bin Ladens keep getting elected.
Hillary is a want to be and a never has been and a liar and cheat.What more can you say about her!
I did not use hate facts in any way, I used only the Truth. This is the second time you people cut me off. My life and time is more important than being wasted. So please take my name off your list. do not put the Horn on my E:mail. I have a feeling the Horn is a little more Liberal. And like I told my brother who is a Democrat is always right even though they are wrong and will never admit it.
Why bother, it won’t make any difference! Or, what difference does it make!! Who said that? Of course who else, this witch Hillary Clinton herself!! This criminal and liar will get away with anything because the Obama Administration, the U S Congress, the left wing Democrats and RHINOS and finally the media will not do or say anything against this woman or any of the other Clintons for that matter! All of the above are gutless and don’t want to embarrass her! Most of them are only there, especially in Congress to get their way paid for the rest of their lives when their term is finished!! All from above are definitely NOT INTERESTED IN THE WELFARE OF ALL AMERICAN PEOPLE EXCEPT, BUT ONLY FOR THEMSELVES! So we must remember that come the next election, that is if there will be a next election!
Tax increases always hit the working class. Tax increases seldom hit the identified target-the “wealthy.” The reason is simple. The truly wealthy have tax adviser to help them structure their affairs to reduce their tax burden. The working class isn’t as fortunate. That explains why Mitt Romney reported a tax rate slightly above mine back in 2012.
If Hillary wants to raise taxes she should start by going after politicians who collect wealth off their connection with current lawmakers. She should raise the taxes of the highly paid people on the speaking circuit. She should raise taxes on corporate executives and bank insiders who profit tens of millions of dollars in profit every year. The reality is her taxes will hit the working class.
Bulls**t
We need to clean out DC of all the crooked lawyers that keep lining their pockets and if you have any background of being a lawyer you are automatically disqualified to run for office in the Senate or the Congress.put normal hard working people in there that are knowledgeable about what this country needs to get back on track and be a super power country it once was
Number 1, we are just stupid in this country to vote for anyone telling us they will raise our taxes by that much for the same questionable and failed programs, if not for the last 7 years, try 40 or 50 (education, post office, foreign aid and on and on). Worst than Obama but I am sure he is jumping up and down for it. Just look at free health care, Obamacare; technically it is bankrupt, and, even the insurance companies who championed Obamacare in the beginning can’t continue to pay out the costs to cover it, and, government subsidies are only for those who can’t afford it, the 20 million, that the rest of us pay at continuing higher premiums rates—something has to go bust. These liberal cover all, free subsidized programs only work if and when all the people have access to lots of money to cover all costs; there is never enough funds, and a proven fact is that communist/socialism has failed time and time again with this type of flawed thinking. And since there is no accountability, where does all this money go? Another scheme to divert funds to special causes, if not special pocket books!!! But, hey, don’t blame the politicians totally, we are all SUCKERS for do less or do nothing and get something for free; except for the fact— is anything really free.
Hillary Clinton is a communist. She would like nothing better than to see the private sector cave, so she could implement her state run business. She represents a clear and present danger to our way of life in this country. This evil bitch would recruit her communist counterparts who are already in our congress. She must be stopped.
Socialists are great at spending other people’s money until the money runs out. All of the programs proposed by Mr. Sandernista and the Hilldebeast will, according to them, come at the expense of the Top 1%ers, who already cover 40% of the taxes raised in this country. And what about Hilldebeast’s proposal to have a new bureaucracy for Immigration? Thank goodness I’m almost 68 and won’t be alive to see the “fruits of their labor” if either gets elected. The hell with basic economics – we have to tax, tax, tax so we can spend, spend, spend.
Narrow minded Dems tax everything & wonder why businesses flee US etc.
GIGO: Garbage In & Garbage Out since the 60s,.
Dems cant think Beyond Taxes & More Govt.
& WE the People Pay.
Narrow minded Dems tax everything & wonder why businesses flee US etc.
GIGO: Garbage In & Garbage Out since the 60s,.
Dems cant think Beyond Taxes & More Govt.
& WE the People Pay.
When I came to América 40 yrs Ago I thought I was coming for a progressive country with inteligent and civilized people.Today, at this elections time,I can realize how stupid I was and how stupid people here is. José Almeida-Santos.
Too bad most of the hilery supporters won’t read the comments probably because they can’t read. But they sure know how to work the system the Democrats make sure of that so they can get get the votes and continue to destroy this country.