Where Do Clinton and Sanders Stand on Raising Taxes?

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Many polls say property taxes are the most hated levy in America. Kacper Pempel/Reuters

Hillary Clinton raised the specter of tax increases in the MSNBC debate on Thursday night. Until now, the former secretary has been reluctant to make much of Bernie Sanders myriad proposals to hike taxes, including a tax on all earners to pay for a single-payer health care system and a tax on Wall Street speculation that he says can finance free tuition for all students attending public universities. On Thursday, however, Clinton said that the Senator's tax hikes wouldn’t cover his promises.

Clinton has her own tax hikes in mind. She wants a four percent surtax on incomes over $5 million and an increase in capital gains taxes for assets held less than six years. Sanders would get rid of separate capital gains tax rates. Clinton would raise the top estate tax rate to 45 percent on inheritances over $3.5 million. Sanders would raise it to 65 percent.

It makes sense for Clinton to go after her opponent's proposals in the lead up to the New Hampshire primary. The state is famous for its low taxes. It has no income taxes and has drawn many Massachusetts residents to move to the Granite State. New Hampshire doesn’t even have a sales tax. So Clinton taking shots at Sanders at a forum at the University of New Hampshire makes good political sense.