Hillary's Tax Hike Timeline

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Posted by Toni-Anne Barry on Tuesday, November 8th, 2016, 10:30 AM PERMALINK

Hillary Clinton’s love for tax hikes runs deep. She has pushed for tax increases on guns, soda, wages, income, capital gains, dividends, death, and energy. Below is a timeline of her decades-long crusade for tax hikes:

March 19, 1993: Endorsed doubling the gun excise tax -- Hillary supported a doubling of the federal excise tax on guns.

April 23, 1993: Pushes a 22% Value Added Tax – Behind closed doors Hillary pushed for a national Value Added Tax. At a rate of as high as 22%. To pay for Hillarycare:

“The first lady calmly told a closed-door senators-only briefing that a value-added tax is indeed being studied to finance health care. As one senior Democratic senator remembered, Mrs. Clinton said the range under consideration runs all the way up to 22 percent.”

October 1, 1993: Endorsed 25% national gun sales tax – In U.S. Senate testimony, Hillary endorsed a new, 25 percent national sales tax on guns, and endorsed a steep increase in the gun dealer fee to $2,500. “I am all for that,” she said.

May 23, 2001: Opposed income tax cuts – As a Senator, Hillary voted against income tax relief for all Americans. She voted against the Economic Growth and Tax Reconciliation Act, which reduced taxes for all income levels.

May 15, 2003: Opposed cap gains and dividend tax cuts – Hillary voted against the Jobs and Growth Tax Relief Reconciliation Act, a bill that cut the capital gains and dividend tax rate for all Americans.

June 28, 2004: “We’re going to take things away from you on behalf of the common good.” – Behind closed doors at a fundraiser, Hillary made her plans to tax the American people all too clear stating, “We’re going to take things away from you on behalf of the common good.”

November 15, 2005: voted for a “windfall profits” tax on energy – Hillary voted to impose a Jimmy Carter-style “windfall profits” tax on energy companies that would result in higher gas prices for American families.

February 17, 2005: Opposed Death Tax repeal – Hillary voted to filibuster a bill that would have finally abolished the Death Tax. She voted no on H.R. 8, the Death Tax Repeal Permanency Act despite this tax falling on American small businesses and families. Hillary Clinton dismissed it as a “wealth tax.”

August 3, 2006: Opposed basic Death Tax relief -- Hillary voted against increasing the Death Tax exemption level.

April 16, 2008: Pushes a “windfall profits” tax on energy -- Hillary proposed a $9 billion windfall profits tax on energy companies. This tax would have been borne by families paying higher prices at the pump.

July 13, 2015: “Buffett Rule” tax increase -- Hillary called for a “Buffett rule,” a massive net income tax increase.

July 24, 2015: Capital gains tax hike – Hillary pushed a massive capital gains tax increase, and proposed the most complex and Byzantine capital gains tax regime in American history.

August 10, 2015: $350 billion income tax hike -- Hillary introduced a $350 billion income tax increase as a part of “New College Compact.” This income tax hike is a 28 percent cap on itemized deductions, which would effectively create a new Alternative Minimum Tax for millions of American families.

October 7, 2015: Stock trading tax -- Hillary called for a new, unspecified tax on stock trading. This tax increase would only further burden markets by discouraging trading and investment. Inevitably, costs associated with this new tax will be borne by millions of American families that hold 401(k)s, IRAs and other savings accounts.

January 12, 2016: Hillary endorses payroll tax hike on all Americans – Despite her pledge not to raise any tax on any American making less than $250,000 per year, Hillary endorses a payroll tax hike that would hit all Americans:

Moderator: “Democrats have introduced a plan that Senator Sanders supports that you’ve come out against because it is funded by a payroll tax. If that were to reach your desk as President, would you veto it in order to make good on your tax pledge?”

Hillary Clinton: “No. No.”

Here is the video clip of the above exchange. The payroll tax increase she green-lighted would hit all wages under $118,500.

April 9, 2016: Hillary confirms her tax hike tops $1 trillion -- Hillary confirms the $1 trillion dollar cost of her tax plan over ten years.

April 20, 2016: Hillary endorses steep soda tax -- Hillary endorsed a steep soda pop tax which would raise the cost of a 12-pack of soda by $2.16. Bernie Sanders called out Clinton’s violation of her middle-class tax pledge, saying:

“Frankly, I am very surprised that Secretary Clinton would support this regressive tax after pledging not to raise taxes on anyone making less than $250,000. This proposal clearly violates her pledge.”

  Sanders also said:

“The mechanism here is fairly regressive. And that is, it will be increasing taxes on low-income and working people.”

September 22, 2016: 65% Death Tax! – Hillary proposes a 65% Death Tax on the American people. When it comes to her own money, it’s a different story. The Clintons use complex tax avoidance mechanisms to shield themselves from the Death Tax.

ATR has documented Hillary’s tax hike record at a dedicated website, www.HighTaxHillary.com


Photo Credit: Brett Weinstein

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