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Political Debate Board
Posted On: 10/14/2016 8:34:19 PM
Post# of 65629
Posted By: Bhawks
Hey righty I have, repeatedly.

Do YOU have an accurate understanding of what either of the candidates are proposing?

I agree with what they both agree on, but I strongly disagree with Trump's embrace of supply side economics as a way to generate enough tax revenue to cover his proposed enormous expenditures for Defense and Infrastructure.

Quote:
Trump v Clinton: Comparing their economic plans

http://www.bbc.com/news/business-37013670

Some room for agreement

Despite their many areas of disagreement, there a few things both candidates are pushing for.

◾Ending corporate inversion - or transactions where US companies move their corporate headquarters abroad to avoid US taxes
◾Eliminating carried interest tax - a tax that mostly benefits hedge fund investors
◾Opposing the Trans-Pacific Partnership (TPP)

Mr Trump has not addressed how he will pay for these cuts, other than saying the changes will boost the economy and that will increase the tax base.

Mrs Clinton has said most of her spending increasing will be covered by tax increases, but it is unclear if those numbers entirely match up.

She will give her own economic policy speech on Thursday.

Mr Trump's campaign said the plan would reduce the amount of income the government collected by $4.4tn over a decade. This is far below the $9.5tn calculated by the nonpartisan Tax Policy Center in August. The Center said Mrs Clinton's plan would add $1.1tn in revenue over the next 10 years.

Neither candidate has proposed significant reductions in spending on public pension and healthcare programs like social security, Medicaid and Medicare. The funding needed for those is expected to balloon over the next decade and its unclear where the money to pay for them will come from without tax increases.

An analysis performed by Tax Foundation last month found that while Mr Trump's plan would lower taxes for all Americans it would lower them most for the highest earners.


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