You are using an older browser version. Please use a supported version for the best MSN experience.

The Republican Tax Plans Are All Basically Insane

The Huffington Post The Huffington Post 28/10/2015 Zach Carter
ATHENA IMAGE © Justin Sullivan via Getty Images ATHENA IMAGE

Republicans on debate night are all promising to slash taxes and unleash economic growth. Many of them, of course, haven't actually presented a tax plan. But those who have offered a specific tax platform are peddling economic fantasies. Even the conservative Tax Foundation believes these plans would balloon the national debt.

Donald Trump's plan would cost over $10 trillion .

Bobby Jindal's plan would cost $9 trillion .

Rick Santorum's would cost $1.1 trillion .

Jeb Bush's plan? $1.6 trillion .

Marco Rubio's plan? More than $1 trillion over the next decade.

One exception: The Tax Foundation says Rand Paul's tax plan would save the government $737 billion . But other tax experts are far less sanguine. Citizens for Tax Justice estimates that Paul's plan would cost $15 trillion . Much of the difference is due to less optimistic assumptions about economic growth. The Tax Foundation assumes that tax cuts for the wealthy and investors will generate very high levels of growth. Citizens for Tax Justice does not.

Total debt held by the public is currently $13.08 trillion

More from Huffington Post

The Huffington Post
The Huffington Post
image beaconimage beaconimage beacon