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You delusional if you believe Trump's economic pro

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Post# of 51869
Posted On: 10/04/2016 5:33:07 PM
Posted By: Bhawks
Re: cashclan #8775
You delusional if you believe Trump's economic program will create 30M new jobs.

There is zero support for his plans among economists.

http://www.politifact.com/truth-o-meter/artic...n-and-don/

Quote:
Trump has been "pretty consistent about three big economic policy items," said Gary Burtless, an economist with the Brookings Institution. The first, he said, is to raise barriers to immigration. The second is to impose potentially large tariffs on goods from Mexico and China. And the third is to enact large tax cuts.

Clinton proposes a fairly cautious agenda -- one that offers a measure of change, but without blowing up the existing system and without bucking longstanding practices such as staying within budget constraints.

On taxes, "the Clinton plan is pretty much Obama extended," Williams said. "On the whole, she proposes a fairly small increase in taxes that would be borne almost entirely by the wealthy." Her plan would increase revenues collected by $1.1 trillion over 10 years, according to the Tax Policy Center’s modeling.

By contrast, Trump’s across-the-board tax cuts would represent a far bigger change than Clinton’s proposal. It would lower revenues over 10 years by a whopping $9.6 trillion, according to the Tax Policy Center’s analysis.

"He says economic growth and cuts would make up for that, but it’s hard to imagine that it would be possible to do so," Williams said.
Burtless agreed, saying he’s "very skeptical the effects growth will be more than a small percentage of the amount Trump has claimed."

They got support on June 17 from Moody’s Analytics, an economic research and data-services firm that examined Trump’s policies on taxes, government spending, immigration and international trade.

Moody’s concluded that Trump’s proposals would make the U.S. economy less global and would substantially increase the federal debt, benefit the wealthy disproportionately, and push unemployment up. (Moody’s has said it will release a similar analysis of Clinton’s plan but has yet to do so.)




They have. See next post.


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