Withdrawn 2016 Republican Presidential Candidate



Former Governor of Florida

John Ellis Bush
Born: February 11th, 1953  (age 64)

Jeb Bush Profile

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Jeb Bush on Taxes

Bush has formed a tax plan which generally reduces taxes and, he says, aims to simplify the existing tax code in order to stimulate economic growth.


JEB BUSH: “I think we need to grow at a far faster rate than we're growing today. 2% is fine for people that have already made it, particularly with our monetary policy, but it's putting a lid on people's aspirations. 6 million more people living in poverty today than the day that Barack Obama got elected president. So, a high-growth strategy requires first and foremost dramatic reform of our tax code. And what we've proposed is simplifying the rates: 10, 25, and 28, expanding – doubling – the exclusion so that many low-income earners won't pay taxes at all, simplifying the code to put a cap on deductions because there's thousands and thousands of these credits and deductions that I think create, don't create the kind of environment -”

JOE KERNEN: “You're saving some. Charitable stays, right?”

BUSH: “Charitable stays. Everything else would be part of the cap. We would eliminate local and state exemptions of taxes. I don't think that low-tax states should be subsidizing – sorry, guys – high-tax states. And so, that system for personal taxes I think will create an environment where people will be saving more, most people will get – all people will get a tax cut of some kind. The dramatic economic effects I think are reducing the tax rate from 35% to 20% for corporate taxes and allowing for full expensing of all capital investment and eliminating the deduction for interest expense, which -”


(0:00- 1:53)
REBECCA QUICK: “For mortgages.”

BUSH: “No, for capital, for corporate borrowing. All new corporate borrowing.”

ANDREW ROSS SORKIN: “And what happens to capital gains?”

BUSH: “Capital gains goes to 20%, we eliminate the Obamacare 3.8% tax. So, all investment would be taxed at 20% interest, income, dividends, capital gains. And we would have a 20% corporate tax as well.”

9 September 2015: Bush is interviewed on CNBC




Other Candidates on Taxes

Hillary Clinton
Gary Johnson
Jill Stein
Donald Trump

Jeb Bush on other Issues

Abortion
Afghanistan
Capital Punishment
Cuba
Deficit and Debt
Education
Federal Budget
Gun Control
Health Care
Immigration
Jobs
LGBT Issues
Minimum Wage
National Security
Religion
Social Security
Taxes
Terrorism

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