Shifts in government spending and tax laws are important considerations for financial planning. The candidates in the upcoming presidential election offer plans that would take tax reform in much different directions, and propose spending strategies that will affect the national debt.
- Donald Trump’s plan would reduce the number of tax brackets and would lower the income tax rate for some taxpayers.
- Hillary Clinton’s plan would retain the current tax bracket system and would raise income taxes for some taxpayers.
For informational purposes only. Not an investment recommendation.
This information is not meant as tax or legal advice. Please consult with the appropriate tax or legal professional regarding your particular circumstances before making any investment decisions. Putnam does not provide tax or legal advice.