II. Politics
Tax proposals compared: what each plan would cost
Independent budget analysts say the two leading plans would add between $2 trillion and $4 trillion to deficits over ten years.
Analysts at three nonpartisan groups released side-by-side estimates this week of the main tax proposals now before voters. Both plans would extend current individual rates, but they differ on corporate taxes, deductions and tariffs.
What changes for markets
The estimates rest on assumptions about growth and behaviour that are themselves disputed, and the groups stress that the final cost will depend on what legislators actually pass.
Analysts say the outcome will depend on how negotiators handle a short list of unresolved details. Past episodes suggest that markets react most to surprises in timing rather than to the headline decision itself, and that early reactions are often partly reversed within a few weeks.
Independent budget analysts say the two leading plans would add between $2 trillion and $4 trillion to deficits over ten years.
The sticking points
This article is for information only and is not investment advice. Figures are illustrative and may be delayed or simulated for demonstration purposes.
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