This is going to shock all of you. I mean, really, you better sit down for this.
Trump’s income tax rates from the fall have already moderated to a higher number in each tax bracket, and negotiations haven’t even begun!
CNN – Trump’s new proposal would reduce tax rates for most Americans and simplify the tax code, but the new rates Trump proposed mark an increase from those he proposed last year as he campaigned for the Republican nomination and touted his tax reform plan as offering the lowest income tax rates of any of his GOP opponents.
Trump’s new proposal would more than halve the number of income tax brackets and bring rates down to 12%, 25% and 33%. Trump proposed drastically reducing federal income tax rates to 10%, 20% and 25% — a proposal that nonpartisan groups assessed would add trillions of dollars to the national debt.
Americans in the top income bracket are currently taxed at 39.6%. Trump also vowed again Monday that the poorest Americans will have a zero tax rate, which he included in his initial proposal.
Now I point all this out knowing full well that Hillary’s tax rates and her tax plan will be much worse.