AP FACT CHECK: Trump exaggerates Clinton tax impact

WASHINGTON – A claim from the final presidential debate and how it stacks up with the facts:

DONALD TRUMP: “Her plan is going to raise taxes and even double your taxes.”

THE FACTS: Clinton’s plan wouldn’t raise taxes at all for 95 per cent of Americans, according to the nonpartisan Tax Policy Center. The very wealthiest would take the greatest hit, though a doubling is highly questionable.

Two-thirds of her proposed increases would hit the top 0.1 per cent of richest Americans, the centre estimates. The main components of her tax plan: a minimum 30 per cent tax on those earning at least $1 million a year, and a 5 per cent tax surcharge for those earning more than $5 million a year. She would also cap the value of tax deductions and exclusions for wealthier taxpayers.

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Contributed by Associated Press writer Christopher S. Rugaber.

EDITOR’S NOTE _ A look at the veracity of claims by political figures

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