Friday, August 12, 2016

Donald Trump says Hillary Clinton plan would tax small businesses at nearly 50 percent

Donald Trump focused on the economy during an Aug. 8 speech in Detroit, saying he would soon be releasing details of a new economic plan.

In the meantime, he launched an attack on his Democratic opponent, Hillary Clinton, saying her economic plan was going to pose serious problems for small businesses.

"Her plan would tax many small businesses by almost 50 percent," he said, adding later in his speech, "Under my plan, no American company will pay more than 15 percent of their business income in taxes. In other words we're reducing your taxes from 35 percent to 15 percent. Small businesses will benefit the most from this plan. Hillary Clinton's plan will require small business to pay as much as three times more in taxes than what I'm proposing."

We wondered whether a Clinton presidency meant that small businesses would be paying nearly half their income to the federal government.

But first, a word about small businesses....
http://www.politifact.com/truth-o-meter/statements/2016/aug/10/donald-trump/donald-trump-says-hillary-clinton-plan-would-tax-s/


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