Where Do the Candidates Stand on Taxes?
Tax policy has become a significant focus of the U.S. 2024 presidential election. We’ve created this tool to keep track of the tax policies proposed by presidential candidates during their campaigns.
We will continue to update the tracker as candidates issue more detailed tax plans over the coming weeks. Explore our related analysis of their tax plans below.
Latest Updates
- Tim Scott (R) suspends campaign. Dean Phillips (D) is added, given methodology.
- Tracker Launched
Compare By Candidate
Methodology: The candidates below have been determined based on those listed on The New York Times tracker with a RealClearPolitics poll average above 1 percent. We add policies to the tracker when they are made publicly available, either based on media reports or campaign websites.
Joe Biden
Donald Trump
Ron DeSantis
Nikki Haley
Vivek Ramaswamy
Chris Christie
Robert F. Kennedy Jr.
Marianne Williamson
Dean Phillips
Joe Biden (D)
Joe Biden, under his proposed budget for fiscal year 2024, would increase tax rates on corporate, individual, and capital gains income; expand tax credits for workers and families; and expand tax bases to include more types of income.
Business Taxes:
- Increase the corporate income tax rate to 28 percent. Read more.
- Increase the global intangible low-taxed income (GILTI) tax rate from 10.5 percent to 21 percent and repeal the reduced tax rate on foreign-derived intangible income (FDII). Read more.
- Repeal the base erosion and anti-abuse tax (BEAT) and replace it with an undertaxed profits rule (UTPR) consistent with the OECD/G20 global minimum tax model rules. Read more.
- Expand the net investment income tax to nonpassive business income. Read more.
- Raise taxes on the fossil fuel industry. Read more.
Capital Gains and Dividend Taxes:
- Tax long-term capital gains and qualified dividends at ordinary income tax rates for taxable income above $1 million and tax unrealized capital gains at death above a $5 million exemption ($10 million for joint filers). Read more.
- Tax carried interest as ordinary income. Read more.
- Impose a minimum effective tax rate of 20 percent on an expanded measure of income including unrealized capital gains for households with net wealth above $100 million. Read more.
Credits, Deductions, and Exemptions:
- Make the Child Tax Credit fully refundable on a permanent basis. Read more.
- Increase the Child Tax Credit to $3,600 for young children and $3,000 for older children, make it fully refundable, and make other changes, on a temporary basis. Read more.
- Increase the Earned Income Tax Credit for workers without qualifying children on a permanent basis. Read more.
- Expand premium tax credits on a permanent basis. Read more.
Estate and Wealth Taxes:
- Tighten rules related to the estate tax. Read more.
Excise Taxes:
- Increase the stock buyback excise tax to 4 percent. Read more.
Individual Income Taxes:
- Increase the net investment income tax and Medicare tax to reach 5 percent on income above $400,000. Read more.
- Increase top individual income tax rate to 39.6 percent on income above $400,000 for single filers and $450,000 for joint filers. Read more.
- Extend the expiring individual income tax changes from the 2017 Tax Cuts and Jobs Act (TCJA) for taxpayers making under $400,000. Read more.
Payroll Taxes:
- No tax policies proposed
Tariffs and Trade:
- No tax policies proposed
Other:
- No tax policies proposed
Donald Trump (R)
Donald Trump would impose a universal baseline tariff on all U.S. imports, reduce the corporate income tax rate, and tax large private university endowments.
Business Taxes:
- Lower the corporate income tax rate. Read more.
Capital Gains and Dividend Taxes:
- No tax policies proposed
Credits, Deductions, and Exemptions:
- No tax policies proposed
Estate and Wealth Taxes:
- No tax policies proposed
Excise Taxes:
- Tax large private university endowments. Read more.
Individual Income Taxes:
- No tax policies proposed
Payroll Taxes:
- No tax policies proposed
Tariffs and Trade:
- Impose a universal baseline tariff on all U.S. imports. Read more.
Other:
- No tax policies proposed
Note: Image adapted from Shaleah Craighead, “Official White House portrait of President Donald J. Trump taken by Shealah Craighead on October 6, 2017 in Washington, D.C.,” photograph, WhiteHouse.gov, 2017, https://www.whitehouse.gov/people/donald-j-trump/.
Ron DeSantis (R)
Ron DeSantis would extend or make permanent the expiring individual income tax cuts from the 2017 Tax Cuts and Jobs Act, make permanent 100 percent bonus depreciation for business investment in machinery and equipment, and tighten international tax rules.
Business Taxes:
- Make 100 percent bonus depreciation for machinery and equipment investment permanent. Read more.
- Maintain territoriality of the international tax system and tighten base erosion rules. Read more.
Capital Gains and Dividend Taxes:
- No tax policies proposed
Credits, Deductions, and Exemptions:
- Extend or make the expiring individual income tax cuts from the 2017 Tax Cuts and Jobs Act permanent. Read more.
Estate and Wealth Taxes:
- No tax policies proposed
Excise Taxes:
- No tax policies proposed
Individual Income Taxes:
- Extend or make the expiring individual income tax cuts from the 2017 Tax Cuts and Jobs Act permanent. Read more.
Payroll Taxes:
- No tax policies proposed
Tariffs and Trade:
- No tax policies proposed
Other:
- No tax policies proposed
Note: Image adapted from Federal Government of the United States, “Ron DeSantis, Official Portrait, 113th Congress,” photograph, Wiki Commons, 2013, https://commons.wikimedia.org/wiki/File:Ron_DeSantis,_Official_Portrait,_113th_Congress.jpg.
Nikki Haley (R)
Nikki Haley would eliminate the federal gas tax and cut taxes for small businesses and working families.
Business Taxes:
- Make small business tax relief from 2017 TCJA permanent. Read more.
Capital Gains and Dividend Taxes:
- No tax policies proposed
Credits, Deductions, and Exemptions:
- Reduce the SALT (state and local tax) deduction and other tax preferences. Read more.
- Eliminate Inflation Reduction Act subsidies. Read more.
Estate and Wealth Taxes:
- No tax policies proposed
Excise Taxes:
- Eliminate the federal gas tax. Read more.
Individual Income Taxes:
- Cut income taxes for working families. Read more.
Payroll Taxes:
- No tax policies proposed
Tariffs and Trade:
- No tax policies proposed
Other:
- No tax policies proposed
Note: Image adapted from United States Department of State, “Nikki Haley official photo as the 29th United States Ambassador to the United Nations,” photograph, Usun.usmission.gov, 2017, https://usun.state.gov/leadership.
Vivek Ramaswamy (R)
Vivek Ramaswamy would adopt a 12 percent tax on all types of income.
Business Taxes:
- Adopt a 12 percent tax on all types of income. Read more.
Capital Gains and Dividend Taxes:
- No tax policies proposed
Credits, Deductions, and Exemptions:
- No tax policies proposed
Estate and Wealth Taxes:
- No tax policies proposed
Excise Taxes:
- No tax policies proposed
Individual Income Taxes:
- Adopt a 12 percent tax on all types of income. Read more.
Payroll Taxes:
- No tax policies proposed
Tariffs and Trade:
- No tax policies proposed
Other:
- No tax policies proposed
Note: Image adapted from Gage Skidmore, “Vivek Ramaswamy in July 2023,” photograph, Wiki Commons, 2023, https://commons.wikimedia.org/wiki/File:Vivek_Ramaswamy_by_Gage_Skidmore.jpg.
Chris Christie (R)
Chris Christie would extend the expiring individual income tax changes from the 2017 Tax Cuts and Jobs Act.
Business Taxes:
- No tax policies proposed
Capital Gains and Dividend Taxes:
- No tax policies proposed
Credits, Deductions, and Exemptions:
- Extend the expiring individual income tax changes from the 2017 Tax Cuts and Jobs Act. Read more.
Estate and Wealth Taxes:
- No tax policies proposed
Excise Taxes:
- No tax policies proposed
Individual Income Taxes:
- Extend the expiring individual income tax changes from the 2017 Tax Cuts and Jobs Act. Read more.
Payroll Taxes:
- No tax policies proposed
Tariffs and Trade:
- No tax policies proposed
Other:
- No tax policies proposed
Note: Image adapted from Office of U.S. Health Secretary, “Chris Christie in 2020,” photograph, Twitter, 2020, https://twitter.com/SecAzar/status/1215846341533933569.
Robert F. Kennedy Jr. (I)
Robert F. Kennedy Jr. would exempt bitcoin from capital gains taxes.
Business Taxes:
- No tax policies proposed
Capital Gains and Dividend Taxes:
- Exempt bitcoin from capital gains taxes when converted to or from U.S. dollars. Read more.
Credits, Deductions, and Exemptions:
- No tax policies proposed
Estate and Wealth Taxes:
- No tax policies proposed
Excise Taxes:
- No tax policies proposed
Individual Income Taxes:
- No tax policies proposed
Payroll Taxes:
- No tax policies proposed
Tariffs and Trade:
- No tax policies proposed
Other:
- No tax policies proposed
Note: Image adapted from Gage Skidmore from Peoria, AZ, United States of America, “Robert F. Kennedy Jr. on the red carpet at Celebrity Fight Night XXIII at the JW Marriott Desert Ridge Resort & Spa in Phoenix, Arizona,” photograph, Flickr, 2017, https://www.flickr.com/photos/gageskidmore/32709718003/.
Marianne Williamson (D)
Marianne Williamson would repeal the 2017 Tax Cuts and Jobs Act corporate and individual tax cuts for wealthy taxpayers, increase the estate tax and payroll tax, tax carried interest as ordinary income, raise taxes on the fossil fuel industry, and impose a financial transaction fee.
Business Taxes:
Capital Gains and Dividend Taxes:
- Tax carried interest as ordinary income. Read more.
- Impose a fee on financial transactions. Read more.
Credits, Deductions, and Exemptions:
- No tax policies proposed
Estate and Wealth Taxes:
- Increase the estate tax by reducing the exemption to $5 million. Read more.
Excise Taxes:
- No tax policies proposed
Individual Income Taxes:
- Repeal the 2017 individual tax cuts for the wealthy. Read more.
Payroll Taxes:
- Eliminate the income cap on Social Security payroll taxes. Read more.
Tariffs and Trade:
- No tax policies proposed
Other:
- No tax policies proposed
Note: Image adapted from Gage Skidmore from Peoria, AZ, United States of America, “Marianne Williamson speaking with the media at the 2019 Iowa State Fair in Des Moines, Iowa,” photograph, Flickr, 2019, https://www.flickr.com/photos/gageskidmore/48541662667/.
Dean Phillips (D)
Dean Phillips, based on sponsored or co-sponsored legislation, would allow immediate expensing of research and development (R&D) costs, create a carbon fee and dividend, direct the Internal Revenue Service (IRS) to provide online tax preparation and filing services, expand the child tax credit, revise the low-income housing tax credit, repeal the cap on SALT deductions, and make other changes to tax credits and deductions.
Business Taxes:
- Allow immediate expensing of R&D costs. Read more.
- Exempt marijuana sales businesses from Internal Revenue Code provision that prohibits business-related tax credits or deductions for expenditures in connection with trafficking in controlled substances. Read more.
Capital Gains and Dividend Taxes:
- Allow 529 account funds to pay for expenses associated with obtaining or maintaining recognized postsecondary credentials. Read more.
Credits, Deductions, and Exemptions:
- Repeal the cap on SALT deductions. Read more.
- Provide a tax credit for new off-road plug-in electric vehicles. Read more.
- Extend the FICA tax tip credit to beauty service providers. Read more.
- Make the new markets tax credit permanent. Read more.
- Allow an above-the-line deduction for union dues and reinstate the miscellaneous itemized deduction for unreimbursed employee expenses. Read more.
- Expand the child tax credit to a fully refundable $3,000 ($3,600 for younger children) with advance monthly payments. Read more.
- Revise the low-income housing tax credit. Read more.
- Restore the exclusion for employer-provided fringe benefits for bicycle commuting. Read more.
- Provide a payroll tax liability credit of up to 100 percent of wages paid to employees for certain restaurants affected by the pandemic. Read more.
Estate and Wealth Taxes:
- No tax policies proposed
Excise Taxes:
- Create a $15 per ton carbon fee and return the proceeds to taxpayers. Read more.
Individual Income Taxes:
- No tax policies proposed
Payroll Taxes:
- No tax policies proposed
Tariffs and Trade:
- No tax policies proposed
Other:
- Direct the IRS to provide free online tax preparation and filing. Read more.
Note: Image adapted from Eric Connolly, “Rep. Dean Phillips (D-MN03),” photograph, phillips.house.gov, 2018.
Compare by Topic
Business and Competitiveness
Joe Biden:
- Increase the corporate income tax rate to 28 percent. Read more.
- Increase the global intangible low-taxed income (GILTI) tax rate from 10.5 percent to 21 percent and repeal the reduced tax rate on foreign-derived intangible income (FDII). Read more.
- Expand the net investment income tax to nonpassive business income. Read more.
- Raise taxes on the fossil fuel industry. Read more.
Donald Trump:
- Lower the corporate income tax rate. Read more.
Ron DeSantis:
- Make 100 percent bonus depreciation for machinery and equipment investment permanent. Read more.
- Maintain territoriality of the international tax system and tighten base erosion rules. Read more.
Nikki Haley:
- Make small business tax relief from 2017 TCJA permanent. Read more.
Vivek Ramaswamy:
- Adopt a 12 percent tax on all types of income. Read more.
Chris Christie:
- No tax policies proposed
Robert F. Kennedy Jr.
- No tax policies proposed
Marianne Williamson:
Dean Phillips:
- Allow immediate expensing of R&D costs. Read more.
- Exempt marijuana sales businesses from Internal Revenue Code provision that prohibits business-related tax credits or deductions for expenditures in connection with trafficking in controlled substances. Read more.
- Provide a payroll tax liability credit of up to 100 percent of wages paid to employees for certain restaurants affected by the pandemic. Read more.
Energy and Environment
Joe Biden:
- Raise taxes on the fossil fuel industry. Read more.
Donald Trump:
- No tax policies proposed
Ron DeSantis:
- No tax policies proposed
Nikki Haley:
Vivek Ramaswamy:
- No tax policies proposed
Chris Christie:
- No tax policies proposed
Robert F. Kennedy Jr.
- No tax policies proposed
Marianne Williamson:
- Raise taxes on the fossil fuel industry. Read more.
Dean Phillips:
- Create a $15 per ton carbon fee and return the proceeds to taxpayers. Read more.
Families and Workers
Joe Biden:
- Make the Child Tax Credit fully refundable on a permanent basis. Read more.
- Increase the Child Tax Credit to $3,600 for young children and $3,000 for older children, make it fully refundable, and make other changes, on a temporary basis. Read more.
- Increase the Earned Income Tax Credit for workers without qualifying children on a permanent basis. Read more.
- Increase the net investment income tax and Medicare tax to reach 5 percent on income above $400,000. Read more.
- Increase top individual income tax rate to 39.6 percent on income above $400,000 for single filers and $450,000 for joint filers. Read more.
Donald Trump:
- No tax policies proposed
Ron DeSantis:
- Extend or make the expiring individual income tax cuts from the 2017 Tax Cuts and Jobs Act permanent. Read more.
Nikki Haley:
- Cut income taxes for working families. Read more.
Vivek Ramaswamy:
- Adopt a 12 percent tax on all types of income. Read more.
Chris Christie:
- Extend the expiring individual income tax changes from the 2017 Tax Cuts and Jobs Act. Read more.
Robert F. Kennedy Jr.
- No tax policies proposed
Marianne Williamson:
- Repeal the 2017 individual tax cuts for the wealthy. Read more.
- Eliminate the income cap on Social Security payroll taxes. Read more.
Dean Phillips:
- Extend the FICA tax tip credit to beauty service providers. Read more.
- Make the new markets tax credit permanent. Read more.
- Allow an above-the-line deduction for union dues and reinstate the miscellaneous itemized deduction for unreimbursed employee expenses. Read more.
- Expand the child tax credit to a fully refundable $3,000 ($3,600 for younger children) with advance monthly payments. Read more.
- Restore the exclusion for employer-provided fringe benefits for bicycle commuting. Read more.
- Allow 529 account funds to pay for expenses associated with obtaining or maintaining recognized postsecondary credentials. Read more.
Global Tax Deal
Joe Biden:
- Increase the global intangible low-taxed income (GILTI) tax rate from 10.5 percent to 21 percent and repeal the reduced tax rate on foreign-derived intangible income (FDII). Read more.
- Repeal the base erosion and anti-abuse tax (BEAT) and replace it with an undertaxed profits rule (UTPR) consistent with the OECD/G20 global minimum tax model rules. Read more.
Donald Trump:
- No tax policies proposed
Ron DeSantis:
- Maintain territoriality of the international tax system and tighten base erosion rules. Read more.
Nikki Haley:
- No tax policies proposed
Vivek Ramaswamy:
- No tax policies proposed
Chris Christie:
- No tax policies proposed
Robert F. Kennedy Jr.
- No tax policies proposed
Marianne Williamson:
- No tax policies proposed
Dean Phillips:
- No tax policies proposed
Saving and Investment
Joe Biden:
- Tax long-term capital gains and qualified dividends at ordinary income tax rates for taxable income above $1 million and tax unrealized capital gains at death above a $5 million exemption ($10 million for joint filers). Read more.
- Tax carried interest as ordinary income. Read more.
- Impose a minimum effective tax rate of 20 percent on an expanded measure of income including unrealized capital gains for households with net wealth above $100 million. Read more.
- Increase the stock buyback excise tax to 4 percent. Read more.
- Increase the net investment income tax and Medicare tax to reach 5 percent on income above $400,000. Read more.
Donald Trump:
- Tax large private university endowments. Read more.
Ron DeSantis:
- No tax policies proposed
Nikki Haley:
- No tax policies proposed
Vivek Ramaswamy:
- No tax policies proposed
Chris Christie:
- No tax policies proposed
Robert F. Kennedy Jr.
- Exempt bitcoin from capital gains taxes when converted to or from U.S. dollars. Read more.
Marianne Williamson:
- Tax carried interest as ordinary income. Read more.
- Impose a fee on financial transactions. Read more.
- Increase the estate tax by reducing the exemption to $5 million. Read more.
Dean Phillips:
- Allow 529 account funds to pay for expenses associated with obtaining or maintaining recognized postsecondary credentials. Read more.
Tariffs & Industrial Policy
Joe Biden:
- No tax policies proposed
Donald Trump:
- Impose a universal baseline tariff on all U.S. imports. Read more.
Ron DeSantis:
- No tax policies proposed
Nikki Haley:
- No tax policies proposed
Vivek Ramaswamy:
- No tax policies proposed
Chris Christie:
- No tax policies proposed
Robert F. Kennedy Jr.
- No tax policies proposed
Marianne Williamson:
- No tax policies proposed
Dean Phillips:
- No tax policies proposed
Tax Cuts and Jobs Act Expirations
Joe Biden:
- Extend the expiring individual income tax changes from the 2017 Tax Cuts and Jobs Act for taxpayers making under $400,000. Read more.
Donald Trump:
- No tax policies proposed
Ron DeSantis:
- Extend or make the expiring individual income tax cuts from the 2017 Tax Cuts and Jobs Act permanent. Read more.
- Make 100 percent bonus depreciation for machinery and equipment investment permanent. Read more.
Nikki Haley:
- Make small business tax relief from 2017 TCJA permanent. Read more.
- Reduce the SALT (state and local tax) deduction and other tax preferences. Read more.
Vivek Ramaswamy:
- No tax policies proposed
Chris Christie:
- Extend the expiring individual income tax changes from the 2017 Tax Cuts and Jobs Act. Read more.
Robert F. Kennedy Jr.
- No tax policies proposed
Marianne Williamson:
- Repeal the 2017 individual tax cuts for the wealthy. Read more.
Dean Phillips:
- Repeal the cap on SALT deductions. Read more.
Compare by Tax Type
Business Taxes
Joe Biden:
- Increase the corporate income tax rate to 28 percent. Read more.
- Increase the global intangible low-taxed income (GILTI) tax rate from 10.5 percent to 21 percent and repeal the reduced tax rate on foreign-derived intangible income (FDII). Read more.
- Repeal the base erosion and anti-abuse tax (BEAT) and replace it with an undertaxed profits rule (UTPR) consistent with the OECD/G20 global minimum tax model rules. Read more.
- Expand the net investment income tax to nonpassive business income. Read more.
- Raise taxes on the fossil fuel industry. Read more.
Donald Trump:
- Lower the corporate income tax rate. Read more.
Ron DeSantis:
- Make 100 percent bonus depreciation for machinery and equipment investment permanent. Read more.
- Maintain territoriality of the international tax system and tighten base erosion rules. Read more.
Nikki Haley:
- Make small business tax relief from 2017 TCJA permanent. Read more.
Vivek Ramaswamy:
- Adopt a 12 percent tax on all types of income. Read more.
Chris Christie:
- No tax policies proposed
Robert F. Kennedy Jr.
- No tax policies proposed
Marianne Williamson:
Dean Phillips:
Capital Gains and Dividend Taxes
Joe Biden:
- Tax long-term capital gains and qualified dividends at ordinary income tax rates for taxable income above $1 million and tax unrealized capital gains at death above a $5 million exemption ($10 million for joint filers). Read more.
- Tax carried interest as ordinary income. Read more.
- Impose a minimum effective tax rate of 20 percent on an expanded measure of income including unrealized capital gains for households with net wealth above $100 million. Read more.
Donald Trump:
- No tax policies proposed
Ron DeSantis:
- No tax policies proposed
Nikki Haley:
- No tax policies proposed
Vivek Ramaswamy:
- No tax policies proposed
Chris Christie:
- No tax policies proposed
Robert F. Kennedy Jr.
- Exempt bitcoin from capital gains taxes when converted to or from U.S. dollars. Read more.
Marianne Williamson:
- Tax carried interest as ordinary income. Read more.
- Impose a fee on financial transactions. Read more.
Dean Phillips:
- Allow 529 account funds to pay for expenses associated with obtaining or maintaining recognized postsecondary credentials. Read more.
Credits, Deductions, and Exemptions
Joe Biden:
- Make the Child Tax Credit fully refundable on a permanent basis. Read more.
- Increase the Child Tax Credit to $3,600 for young children and $3,000 for older children, make it fully refundable, and make other changes, on a temporary basis. Read more.
- Increase the Earned Income Tax Credit for workers without qualifying children on a permanent basis. Read more.
- Expand premium tax credits on a permanent basis. Read more.
- Extend the expiring individual income tax changes from the 2017 Tax Cuts and Jobs Act for taxpayers making under $400,000. Read more.
Donald Trump:
- No tax policies proposed
Ron DeSantis:
- Extend or make the expiring individual income tax cuts from the 2017 Tax Cuts and Jobs Act permanent. Read more.
Nikki Haley:
- Reduce the SALT (state and local tax) deduction and other tax preferences. Read more.
- Eliminate Inflation Reduction Act subsidies. Read more.
Vivek Ramaswamy:
- No tax policies proposed
Chris Christie:
- Extend the expiring individual income tax changes from the 2017 Tax Cuts and Jobs Act. Read more.
Robert F. Kennedy Jr.
- No tax policies proposed
Marianne Williamson:
- Repeal the 2017 individual tax cuts for the wealthy. Read more.
Dean Phillips:
- Repeal the cap on SALT deductions. Read more.
- Provide a tax credit for new off-road plug-in electric vehicles. Read more.
- Extend the FICA tax tip credit to beauty service providers. Read more.
- Make the new markets tax credit permanent. Read more.
- Allow an above-the-line deduction for union dues and reinstate the miscellaneous itemized deduction for unreimbursed employee expenses. Read more.
- Expand the child tax credit to a fully refundable $3,000 ($3,600 for younger children) with advance monthly payments. Read more.
- Revise the low-income housing tax credit. Read more.
- Restore the exclusion for employer-provided fringe benefits for bicycle commuting. Read more.
- Provide a payroll tax liability credit of up to 100 percent of wages paid to employees for certain restaurants affected by the pandemic. Read more.
Estate and Wealth Taxes
Joe Biden:
- Tighten rules related to the estate tax. Read more.
Donald Trump:
- No tax policies proposed
Ron DeSantis:
- Extend or make the expiring individual income tax cuts from the 2017 Tax Cuts and Jobs Act permanent. Read more.
Nikki Haley:
- No tax policies proposed
Vivek Ramaswamy:
- No tax policies proposed
Chris Christie:
- Extend the expiring individual income tax changes from the 2017 Tax Cuts and Jobs Act. Read more.
Robert F. Kennedy Jr.
- No tax policies proposed
Marianne Williamson:
- Increase the estate tax by reducing the exemption to $5 million. Read more.
Dean Phillips:
- No tax policies proposed
Excise Taxes
Joe Biden:
- Increase the stock buyback excise tax to 4 percent. Read more.
Donald Trump:
- Tax large private university endowments. Read more.
Ron DeSantis:
- No tax policies proposed
Nikki Haley:
- Eliminate the federal gas tax. Read more.
Vivek Ramaswamy:
- No tax policies proposed
Chris Christie:
- No tax policies proposed
Robert F. Kennedy Jr.
- No tax policies proposed
Marianne Williamson:
- No tax policies proposed
Dean Phillips:
- Create a $15 per ton carbon fee and return the proceeds to taxpayers. Read more.
Individual Income Taxes
Joe Biden:
- Increase the net investment income tax and Medicare tax to reach 5 percent on income above $400,000. Read more.
- Increase top individual income tax rate to 39.6 percent on income above $400,000 for single filers and $450,000 for joint filers. Read more.
- Extend the expiring individual income tax changes from the 2017 Tax Cuts and Jobs Act for taxpayers making under $400,000. Read more.
Donald Trump:
- No tax policies proposed
Ron DeSantis:
- Extend or make the expiring individual income tax cuts from the 2017 Tax Cuts and Jobs Act permanent. Read more.
Nikki Haley:
- Cut income taxes for working families. Read more.
Vivek Ramaswamy:
- Adopt a 12 percent tax on all types of income. Read more.
Chris Christie:
- Extend the expiring individual income tax changes from the 2017 Tax Cuts and Jobs Act. Read more.
Robert F. Kennedy Jr.
- No tax policies proposed
Marianne Williamson:
- Repeal the 2017 individual tax cuts for the wealthy. Read more.
Dean Phillips:
- No tax policies proposed
Payroll Taxes
Joe Biden:
- No tax policies proposed
Donald Trump:
- No tax policies proposed
Ron DeSantis:
- No tax policies proposed
Nikki Haley:
- No tax policies proposed
Vivek Ramaswamy:
- No tax policies proposed
Chris Christie:
- No tax policies proposed
Robert F. Kennedy Jr.
- No tax policies proposed
Marianne Williamson:
- Eliminate the income cap on Social Security payroll taxes. Read more.
Dean Phillips:
- No tax policies proposed
Tariffs and Trade
Joe Biden:
- No tax policies proposed
Donald Trump:
- Impose a universal baseline tariff on all U.S. imports. Read more.
Ron DeSantis:
- No tax policies proposed
Nikki Haley:
- No tax policies proposed
Vivek Ramaswamy:
- No tax policies proposed
Chris Christie:
- No tax policies proposed
Robert F. Kennedy Jr.
- No tax policies proposed
Marianne Williamson:
- No tax policies proposed
Dean Phillips:
- No tax policies proposed
Other
Joe Biden:
- No tax policies proposed
Donald Trump:
- No tax policies proposed
Ron DeSantis:
- No tax policies proposed
Nikki Haley:
- No tax policies proposed
Vivek Ramaswamy:
- No tax policies proposed
Chris Christie:
- No tax policies proposed
Robert F. Kennedy Jr.
- No tax policies proposed
Marianne Williamson:
- No tax policies proposed
Dean Phillips:
- Direct the IRS to provide free online tax preparation and filing. Read more.
Suspended Campaigns
Mike Pence
Mike Pence (R)
Mike Pence would lower the corporate tax rate to 15 percent and make the expiring individual income tax cuts from the 2017 Tax Cuts and Jobs Act permanent.
Business Taxes:
- Lower the corporate income tax rate to 15 percent. Read more.
Capital Gains and Dividend Taxes:
- No tax policies proposed
Credits, Deductions, and Exemptions:
- Make the expiring individual income tax cuts from the 2017 Tax Cuts and Jobs Act permanent. Read more.
Estate and Wealth Taxes:
- No tax policies proposed
Excise Taxes:
- No tax policies proposed
Individual Income Taxes:
- Make the expiring individual income tax cuts from the 2017 Tax Cuts and Jobs Act permanent. Read more.
Payroll Taxes:
- No tax policies proposed
Tariffs and Trade:
- No tax policies proposed
Other:
- No tax policies proposed
Note: Image adapted from D. Myles Cullen, “Mike Pence in 2017,” photograph, WhiteHouse.gov, 2017, https://www.whitehouse.gov/people/mike-pence/
Tim Scott
Tim Scott (R)
Tim Scott would make the expiring individual income tax changes from the 2017 Tax Cuts and Jobs Act permanent; expand tax credits for adoption, apprenticeships, and R&D; improve incentives to invest by making 100 percent bonus depreciation permanent, providing neutral cost recovery for structures, and restoring expensing for R&D; and repeal the estate tax.
Business Taxes:
- Make the Section 199A deduction for pass-through businesses permanent. Read more.
- Make 100 percent bonus depreciation for machinery and equipment investment permanent. Read more.
- Extend full cost recovery to investment in structures and buildings with neutral cost recovery. Read more.
- Allow immediate expensing of R&D costs and reform the R&D tax credit. Read more.
- Create a tax credit for business apprenticeship programs. Read more.
- Limit business deductions for net interest expenses. Read more.
Capital Gains and Dividend Taxes:
- No tax policies proposed
Credits, Deductions, and Exemptions:
- Extend the child tax credit to expectant mothers. Read more.
- Make the adoption tax credit refundable. Read more.
- Make the expiring individual income tax cuts from the 2017 Tax Cuts and Jobs Act permanent. Read more.
- Expand the above-the-line deduction for educator expenses to include coaches and preschool teachers. Read more.
- Extend the FICA tax tip credit to beauty service providers, barbers, manicurists, skincare specialists, and hairstylists. Read more.
Estate and Wealth Taxes:
- Repeal the estate and generation-skipping transfer tax and modify the gift tax. Read more.
Excise Taxes:
- No tax policies proposed
Individual Income Taxes:
- Make the expiring individual income tax cuts from the 2017 Tax Cuts and Jobs Act permanent. Read more.
Payroll Taxes:
- No tax policies proposed
Tariffs and Trade:
- No tax policies proposed
Other:
- No tax policies proposed
Note: Image adapted from U.S. Senate Photographic Studio-Renee Bouchard, “Official portrait of U.S. Senator Tim Scott (R-SC),” photograph, Senate.gov, 2013, http://www.scott.senate.gov/sites/default/files/Scott_Tim-012213-16025-0016-rb-CFF.jpg.
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Timeline of Activity
- Tim Scott (R) suspends campaign. Dean Phillips (D) is added, given methodology.
- Tracker Launched