From the Tax Foundation: Tracking 2024 Presidential Tax Plans

For our look at current presidential campaign and economic policy.

- Click here for it. 

Recall that the U.S. Constitution grants Congress the power to lay and collect taxes in Article 1, Section 8, Clause 1: 

- To lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defence and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States.

And it allows the national government to collect an income tax in the 16th Amendment.

- The Congress shall have power to lay and collect taxes on incomes, from whatever sources derived, without apportionment among the several States, and without regard to any census or enumeration.

The Tax Foundation compares the relative tax proposals along the following criteria: 

- Business Taxes
- Capital Gains and Dividend Taxes
- Credits, Deductions, and Exemptions
- Estate and Wealth Taxes
- Excise Taxes
- Individual Income Taxes
- Payroll Taxes
- Tariffs and Trade

I'll add detail as the semester proceeds.