Clinton, Trump … and your cash

Use the icons below to select and compare

Income taxes Dependent care Health costs College Social Security

What they'll do to your tax bill

  • Clinton

    Raise taxes on the top 1% by:

    — Imposing the “Buffett Rule,” which requires those with adjusted gross incomes over $2 million to pay a minimum of 30% of their income in federal taxes.

    — Adding a 4% surcharge for those who make more than $5 million.

    — Increasing the rates investors pay in capital gains for investments held less than 6 years.

    — Increasing the estate tax rate to between 45% and 65%, depending on size of estate. And reducing to $3.5 million how much money is exempt from the estate tax.

    Low-and middle-income households would see a small tax cut on average.*

  • Trump

    Cut income taxes across the board by:

    — Lowering tax rates to 12%, 25% and 33%

    — Increasing the standard deduction

    Repealing the Alternative Minimum Tax, the estate tax and taxes related to Obamacare.

    — Reduce the top business rate from 35% to 15%.

    All income groups would see an average tax cut. But the wealthy would get the biggest and millions of middle-income families may see a tax increase because of Trump’s mix of proposed changes.*

Debt and economic impact

  • Clinton

    Would reduce debt by an estimated $5.4 trillion over 20 years.*

    Would lower growth initially then boost it, relative to current policies.

  • *Source: Tax Policy Center

  • Trump

    Would increase debt by more than $20 trillion over 20 years.*

    Would spur more growth in the first decade, but then slow growth in the second, relative to current policies.

    *Source: Tax Policy Center

Paid leave

  • Clinton

    Guarantee 12 weeks of paid leave for caregivers, for at least 2/3 of pay up to a cap.

  • Trump

    Guarantee 6 weeks of unemployment benefits for women whose employers don't offer paid maternity leave.

Child care costs

  • Clinton

    Limit child care costs to no more than 10% of a family's income in part by:

    Doubling the $1,000 child tax credit when a child is under 5 years old.

    — Making the refundable portion of the child tax credit more generous for low-income families with kids under 17.

    — Providing universal pre-K for all 4-year-olds.

  • Trump

    Let working and stay-at-home parents write off the average cost of child care in their state based on a child's age.

    Offer the tax break to low-income working parents through their Earned Income Tax Credit if they don’t have income tax liability.

    Let families save up to $2,000/year in tax-advantaged accounts to pay for child care, private school tuition, after-school programs or elder care. Contributions would be deductible and grow tax free. Low-income families that can save $1,000 would get a $500 match.


  • Clinton

    Keep it, but make improvements including:

    — Lowering Obamacare premiums to 8.5% of income, down from 9.66% currently.

    — Giving a tax credit to those for whom out-of-pocket costs top 5% of their income. This also applies to anyone with employer-provided insurance.

    — Giving Americans on insurance exchanges the choice of a public option plan.

    — Giving consumers access to safe drugs from overseas.

    — Capping out-of-pocket costs for drugs.

  • Trump

    Repeal and replace it with a plan that includes:

    — Working with Congress to reduce the cost of health care and improve quality by way of "free-market principles."

    — Letting health insurers sell policies across state lines to spur competition.

    — Allowing people who buy health coverage outside of their jobs to deduct their premium costs.

    — Giving consumers access to safe drugs from overseas.


  • Clinton

    Let Medicare negotiate drug prices. Allow people as young as 55 to buy into Medicare.

  • Trump

    Let Medicare negotiate drug prices.


  • Clinton

    Incentivize states to expand it.

  • Trump

    Give states a fixed amount of money (i.e., a block grant) instead of paying a share of cost per enrollee. Trump also says he doesn’t want to let those who can’t afford insurance slip through the cracks.


  • Clinton

    Enable students from families earning less than $125,000 to pay nothing for tuition at in-state public colleges. Students at all income levels would get free tuition and fees at community colleges.

    Let low-income students at state schools use Pell Grants for living expenses. Make the grants year-round to cover summer school.

Student loans

  • Clinton

    Allow grads to refinance federal student loans at current rates. Forgive up to $17,500 in student loan debt for entrepreneurs working in distressed communities or on businesses that improve the social good.

  • Trump

    Cap student loan income-based repayment plans at 12.5% of a borrower’s income. Forgive remaining debt after 15 years of full payments. Currently they’re capped at 10% of discretionary monthly income and forgiven after 20 years.

Long-term plan to make program solvent

  • Clinton

    None. Generally supports raising taxes on the wealthy to help close the program's funding shortfalls.

    And apply the payroll tax to at least some income over $250,000 and to income not currently taxed (e.g., investment income) to pay for proposed program expansion.

  • Trump

    None. Asserts his other proposals and his tax cuts will create enough growth to help the program.


  • Clinton

    Make benefits more generous for lower income widows and widowers to protect against poverty.

    Give Social Security credits for stints of unpaid caregiving.

Published November 1, 2016