Jeb Bush

Jeb Bush

Tax Reform

• • Fact check: Affordable Care Act increases taxes, but the high class is getting a majority of the impact of these tax increases. Subsidies also cushion the impact of the taxes.
    • Tax increases passed by Supreme Court would lead to an estimated cost to taxpayers over 804.6 billion dollars over the next decade [1][2][3]
• Business and corporations
  • Tax Proposal: Lower taxes on small business and big businesses, simplified tax code that is easier on middle class and families[4][5]
  • reduce personal income tax brackets down to three brackets: 28%, 25%, 10% like the Reagan administration’s second tax reform
  • fact check: Reagan’s 2nd tax reform wasn’t like this; it was broken into 4 groups (10%, 28%, 33%, 28%), making a tax “bubble”. Taxpayers after a certain income level paid a flat 28% tax rate [6][7]
  • cut down corporate tax rate from 35% to 20% and change it to territorial tax system (tax only on earnings made in US)[8]
  • 2% cap of filer’s gross income on total tax deductions
  • double size of standard deduction
  • double income tax credit for childless workers
  • eliminate carried interest loophole
  • estimate increasing number of Americans that don’t pay tax by 15 million, bringing the number of filers with zero taxes from 40% up to 50%
  • claims this will help lower and middle class, but this will benefit high earners instead[9]
  • plan estimated to cost up to $3.4 trillion over the next decade without growth
  • businesses deduct new capital investments== Jobs And Business Policy ==

Immigration

Jeb Bush plans to strengthen the enforcement of Immigration laws, both internally and at the border. His reform policy includes implementing new surveillance technologies such as drones sensors and radars, improving the border infrastructure to allow easier access to border patrol agents and "forward operating" bases that would facilitate quick deployment.