Taxes are one of the central issues in any national election, and they’re also extremely important in many state and local elections. It is vital for the public to understand candidates’ general views toward tax policy as well as their positions on specific tax issues.
However, taxpayers, voters, journalists, and even elected officials often have a difficult time sorting through all the information—and misinformation—on taxes that circulates on the Internet, in the media, in political speeches, and in election debates and advertisements.
To help voters and taxpayers evaluate candidates’ positions, Tax Foundation scholars analyze political speeches, debates, campaign advertisements, websites, and other sources to separate the tax facts from the falsehoods in various elections, especially at the national level.
In the past three decades, the importance of “pass-through” businesses has grown substantially. The combined net income of sole proprietors, LLCs, Partnerships, and S corporations has increased fivefold and now accounts...