Clinton Tax Plan Grows $550 Billion in Policy Group’s Report
- New 10-year proposals target estates, investors and banks
- Campaign will update its online tax plan Thursday, aide says
Democratic presidential nominee Hillary Clinton talks with members of her staff aboard her campaign plane while traveling from Orlando to New York on Sept. 21, 2016.
Hillary Clinton wants roughly $550 billion in new taxes and fees over the next decade -- affecting investment partnerships, large estates and banks -- that have received little to no public discussion from her campaign, a report from a Washington-based policy group shows.
The new proposals, detailed in a report by the nonpartisan Committee for a Responsible Federal Budget, include plans for increasing the estate tax to a top rate of 65 percent on the very largest estates, levying a “risk fee” that would average about 0.13 percent on banks’ taxable assets and curbing a technique real-estate investors use to minimize their tax bills.