While her blueprint is heartening advocates for workers and the poor, business groups are rankled that it doesn’t include more tax and regulatory relief that they say would spur job creation. Beyond promising rate cuts for individuals and businesses Trump has strayed from Republican orthodoxy on entitlements and government spending.
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Clinton called it “just a more extreme version of the failed theory of trickle-down economics, with his own addition of outlandish Trumpian ideas that even Republicans reject”.
“I am proposing an across-the-board income tax reduction, especially for middle-income Americans”, said Trump during his speech.
Clinton said the Republican nominee’s economic policy favors the rich and would do little to help small businesses.
Clinton, of course, could debate policy all day.
People are playing with fire here, and there is no bigger flamethrower than Donald Trump. I want to invest in our veterans, our kids, and our police officers.
“And I will say this, and I say this to you very strongly, if short-circuit Hillary Clinton ever gets elected, it’s only going to be worse”.
Trump outlined a revamped economic package in his speech Monday.
Clinton’s own plan would raise taxes on the wealthiest taxpayers in various ways.
That’s her goal in a speech scheduled for Thursday afternoon at a manufacturing company in Warren, Michigan. Sanders condemned the “millionaires and billionaires” who were distorting the economy for their benefit; Trump decries elites who don’t put “America first”. She laid out her familiar progressive agenda that included vows to launch the biggest infrastructure spending program since World War II, expand Obamacare, make public college debt-free and penalize firms that move their operations overseas.
In a North Carolina rally Tuesday, Trump – himself a recipient of Secret Service protection – suggested that a Clinton presidency would be catastrophic for gun rights supporters, and that only “Second Amendment people” could stop her from shaping the courts in her favor.
“I can provide serious, steady leadership that can find common ground and build on it based on hard but respectful bargaining”, she said. She claimed $25 billion in “seed funding” could give a $200 billion boost to the economy.
Clinton called for an “exit tax” on American companies that move their headquarters overseas.
She pledged to expand the tax credit for child care and limit those costs to 10 percent of family income. Clinton wants to increase taxes to pay for a hodgepodge of programs to boost low-priced education, provide paid family leave and encourage economic development. Clinton in recent weeks has made a point of stopping at small businesses in swing states where she’s recounted his history of manufacturing products overseas, hiring foreign workers over US citizens and refusing to pay some contractors. Clinton, who has backed many of those deals in the past, sought to address blue-collar worries about her trade views.
Rep. Steve King (R-IA) spoke at Iowa State Fair Thursday in Des Moines, and he included a mention of how he would respond to Hillary Clinton as president.
And on Thursday in Michigan, Clinton reiterated her commitment to that agenda in her scathing critique of Donald Trump’s economic plans. “Mark Zandi and a team of economists at Moody’s Analytics warn that the plan, if executed, would trigger a long recession, spark huge job losses, usher in skyrocketing interest rates and dampen prospects for long-term growth”.
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That analysis came before Trump changed part of his plan from its original form after concerns about how much it would cause the federal deficit to grow. The 33 percent top income tax rate is higher than his originally proposed 25 percent.
