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Tax Guy: These are the differences between Clinton and Trump’s tax plans

Among their many differences, the Republicans and the Democrats have widely divergent ideas about taxes. Here’s what the parties and their candidates have said about this topic, which is near and dear to the hearts of many voters.

The Republican party tax platform

The Republican platform states that tax rates that penalize thrift or discourage investment must be lowered, and rules that discourage economic growth must be changed. The platform calls for eliminating unspecified special interest-loopholes while being mindful of the tax burdens that are imposed on families with children and an aging population. That’s typical boilerplate stuff.

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