Voting has begun in the 2016 US presidential election, but the major party candidates continue to add details to their respective tax proposals, and experts have kept up by refining their analyses of the plans. Earlier this year, Republicans in the House of Representatives, led by Paul Ryan, issued their own plan to address the way individuals, businesses, and estates are taxed.
This presentation demonstrates that the three plans share almost no common ground and advance distinctly different conceptions of what the federal income tax should achieve. If enacted, any one of the plans would have an enormous effect, but the plans' impact on the economy would be vastly different, and there is wide disagreement about the shape of that impact. Any analysis has to rely on a multitude of assumptions to fill in the gaps in the incomplete plans—those assumptions and the related methodology are described in the full reports cited in this presentation.
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