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If elected president, Hillary Clinton has promised to make many deductions less valuable for the well-to-do, but she would sidestep impacting their gifts to charity. Clinton has some aggressive tax plans, albeit not as aggressive as those of her fellow Democrat, Sen. Bernie Sanders. Clinton would ask the wealthiest to pay more. She would be most aggressive with tax reform in dealing with investments and deductions.
For deductions, she would cap the value of all itemized deductions at 28 percent. That would mean that wealthier individuals would not reap the benefit of deductions currently worth up to 39.6 percent.
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