Become part of the movement for unbiased, accessible election information. Donate today.

Jeb Bush presidential campaign, 2016/Taxes

From Ballotpedia
Jump to: navigation, search
Jeb Bush suspended his presidential campaign on February 20, 2016.[1]


BP-Initials-UPDATED.png Ballotpedia's scope changes periodically, and this article type is no longer actively created or maintained. It may also contain neutrality issues.


Jeb-Bush-circle.png

Former presidential candidate
Jeb Bush
Political offices:
Former governor of Florida
(1999-2007)
Bush on the issues:
Taxes • Banking policy • Government regulations • International trade • Budgets • Federal assistance programs • Foreign affairs • Federalism • Natural resources • Healthcare • Immigration • Education • Abortion • Gay rights
Republican Party Republican candidate:
Donald Trump
Ballotpedia's presidential election coverage
2028 • 2024 • 2020 • 2016


This page was current as of the 2016 election.

  • Jeb Bush published an op-ed in the Wall Street Journal on September 8, 2015 briefly outlining the tax plan he released on September 9, 2015. Bush laid out three main goals in his article: to make the tax code simpler and clearer with three tax brackets of 28, 25 and 10 percent and ditching the existing seven brackets, including the 39.6 percent top rate; to eliminate lobbyist-created loopholes in the tax code; to ensure the tax code does not hinder America’s international competitiveness.[2] [3] Bush argued in the article that his plan would "unleash increased investment, higher wages and sustained 4% economic growth, while reducing the deficit."
  • The plan, which is estimated to cost $3.4 trillion over 10 years, would cut taxes for most taxpayers and would repeal the alternative minimum tax, cap the mortgage interest deduction, eliminate the estate tax as well as cut the top corporate tax rate to 20 percent from the current 35 percent top rate. [4] [5]
  • In July 2015, Bush said that subsidies for the wind, solar, oil and gas industries should be phased out through tax reform.[6]
  • In 2006, the Cato Institute gave Bush an overall fiscal policy grade of "B" and a final-term grade of "C." According to the libertarian think tank, Bush "leaves office with a well-deserved reputation as one of the most aggressive tax cutting governors in the nation. He has proposed and signed into law a tax cut virtually every year of his tenure, ranging from cuts in property taxes to a phaseout of the intangibles tax—a levy on certain financial assets like stocks and bonds that makes Florida’s tax code hostile to capital formation."[7]
  • In 2002, the Cato Institute gave Bush a fiscal policy grade of "A." In its annual report card on governors, the Cato Institute stated, "In an era when many governors have dealt with the recession by raising taxes, Jeb Bush has cut the Florida tax burden and held off a tax hike agenda advanced by senators in his own party. In 1999, he cut the Florida property tax by $1 billion, and in 2001 he cut the business intangible tax by $600 million. This past year he regrettably agreed to delay the final stage of the intangibles tax cut until 2003 as part of a budget balancing deal to cut $1 billion in state spending."[8]
  • In 2000, the Cato Institute gave Bush a fiscal policy grade of "B." According to the Cato Institute, in his first year as governor, "Bush proposed and signed into law a $1 billion tax cut, the largest in Florida history and one of the largest in the nation in 1999."[9]

Recent news

This section links to a Google news search for the term Jeb + Bush + Taxes


Jeb Bush Taxes News Feed

See also

Footnotes

  1. ↑ [http://www.nytimes.com/2016/02/21/us/politics/jeb-bush.html?_r=0 The New York Times, " Jeb Bush Bows Out of Campaign, Humbled and Outgunned," February 20, 2016]
  2. ↑ Wall Street Journal, "Jeb Bush: My Tax Overhaul to Unleash 4% Growth," September 8, 2015
  3. ↑ Jeb Bush Campaign Website "Backgrounder: Jeb Bush’s Tax Reform Plan: The Reform and Growth Act of 2017" accessed Sept. 22, 2015
  4. ↑ Wall Street Journal "How Would Jeb Bush’s Tax Plan Affect You?" Sept. 18, 2015
  5. ↑ Jeb Bush Campaign Website "Backgrounder: Jeb Bush’s Tax Reform Plan: The Reform and Growth Act of 2017" accessed Sept. 22, 2015
  6. ↑ National Journal, "Jeb Bush Calls For End to Fossil-Fuel Subsidies," July 23, 2015
  7. ↑ Cato Institute, "Fiscal Policy Report Card on America's Governors: 2006," October 24, 2006
  8. ↑ Cato Institute, "Fiscal Policy Report Card on America’s Governors: 2002," September 20, 2002
  9. ↑ Cato Institute, "Fiscal Policy Report Card on America’s Governors: 2000," February 12, 2001
v • e
2016 United States Presidential Election
OverviewsPresidential Elections-2016-badge.png
Candidate profiles
Path to the presidency
Policy positions
On the campaign trail
Ballotpedia's battleground poll • Campaign preparations • Political and leadership attributes • Presidential campaign trackers and opposition researchers
Campaign staff
Debates
Analysis
The media's coverage of Donald Trump • The media's coverage of Hillary Clinton

Post-debate analysis overview
Democratic: April 14, 2016 (CNN) • March 9, 2016 (Univision) • March 6, 2016 (CNN) • February 11, 2016 (PBS) • February 4, 2016 (MSNBC) • January 17, 2016 (NBC) • December 19, 2015 (ABC) • November 14, 2015 (CBS) • October 13, 2015 (CNN)
Republican: March 10, 2016 (CNN) • March 3, 2016 (FNC) • February 25, 2016 (CNN) • February 13, 2016 (CBS) • February 6, 2016 (ABC) • January 28, 2016 (FNC) • January 14, 2016 (FBN) • December 15, 2015 (CNN) • November 10, 2015 (FBN) • October 28, 2015 (CNBC) • September 16, 2015 (CNN)

Insiders Poll: First Democratic debate (October 13, 2015) • Presidential Nominating Index: Clinton remains choice of Democratic Insiders • Presidential Nominating Index: Bush remains choice of Republican Insiders • Insiders Poll: Winners and losers from the Fox News Republican Debate


Retrieved from "https://ballotpedia.org/wiki/index.php?title=Jeb_Bush_presidential_campaign,_2016/Taxes&oldid=10498411"