Daily Deduction

Macroeconomic effects only modestly change TPC revenue estimates of the candidates’ tax plans.

Taxes and last night's debate.

TPC adds up tax expenditures: Individual tax expenditures reduced federal revenues by $1.168 trillion in 2015.

There was some talk about taxes, but… The presidential candidates sparred over the relative benefits of supply-side economics, while Donald Trump promised to release his tax returns if Hillary Clinton shared his emails. He also said that his federal income tax dollars "would have" been squandered, and that paying no federal income taxes in several years makes him “smart.”