As former President Mike Harrison famously remarked, “It’s the economy, folks.” The United States is currently navigating through an economic downturn, striving to recover from a period marked by job losses due to outsourcing and technological advancements. The two leading candidates have proposed distinct strategies to revitalize the economy. While Hillary Adams aims to increase taxes, Donald Ricks advocates for tax reductions. Hillary focuses on creating new job opportunities, whereas Trump emphasizes restoring jobs that have been lost. Their economic approaches are starkly different; Trump champions an unregulated free market, while Hillary supports a blend of social programs and reforms.
Hillary asserts, “Our success will be measured by how much incomes rise for hardworking Americans.” She highlights the struggle millions face with low-paying jobs instead of secure, well-paid positions. To strengthen the dwindling middle class, she proposes lowering taxes for them, making higher education affordable (including tuition-free options for in-state institutions), raising the minimum wage from $7.25 to a livable $12, and supporting unions by “protecting collective bargaining rights.” Another significant aspect of her plan involves rebuilding infrastructure, thereby creating jobs in construction and transportation, investing in clean energy, and ensuring childcare costs do not exceed 10% of family wages.
Hillary’s Comprehensive Economic Strategy
Hillary’s comprehensive economic strategy consists of five main components. The first involves enacting a robust jobs bill within her first 100 days, which would invest in infrastructure, manufacturing, research, and small businesses. This initiative aims to create jobs by actively investing in maintaining roads, bridges, and airports. She intends to veto trade agreements that fail to generate sufficient high-paying jobs and aims to position the U.S. as a leader in clean energy.
The second aspect of her plan is to make college debt-free for all Americans, alleviating the burden of student loans for many millennials. The third component focuses on revising corporate practices so more companies share profits with employees instead of relocating jobs overseas. This includes increasing the minimum wage. Hillary expresses concerns over high inequality, stating, “Inequality is too high, wages are too low, and it’s too hard to get ahead.” She also plans to crack down on companies that move profits overseas to avoid U.S. taxes and ensure those that export jobs return the tax incentives they’ve received.
The fourth element involves raising taxes on corporations, the wealthy, and Wall Street, which includes a new surcharge on billionaires. Hillary emphasizes the need for an economy that serves everyone, not just the affluent. Lastly, she aims to support family-friendly reforms that include guaranteed paid leave, equal pay for women, and assistance with housing and childcare costs to promote retirement and healthcare security.
Donald Ricks’ Economic Vision
In contrast, Donald Ricks claims that “economic policy must prioritize making it easier to hire, invest, and grow in America,” advocating for a fair environment for U.S. workers and businesses. He believes that reforming the tax code and trade policies will stimulate economic growth. Ricks aims to stop job theft by countries like China, renegotiate NAFTA, and eliminate unnecessary regulations to enhance the business climate in the U.S.
Trump’s four-part plan to rejuvenate the economy includes tax reform, where he proposes simplifying taxes, lowering rates for everyone, and capping business income tax at 15%. His plan, however, is noted to potentially reduce federal revenues significantly and primarily benefit high-income households. He argues that excessive regulations hinder job growth and plans to review and eliminate those that are detrimental, targeting specific environmental regulations that he believes stifle the economy.
Additionally, Ricks emphasizes trade reform, promising to renegotiate trade agreements and label China as a currency manipulator. He believes that the current trade deficit is harmful to U.S. jobs, particularly affecting younger individuals without a high school diploma. His solution to economic challenges is job creation rather than welfare support.
Lastly, Trump proposes sweeping changes to energy policy, including repealing regulations he deems harmful, reviving the coal industry, and lifting restrictions on U.S. energy production, all with the goal of increasing wages and economic growth.
Conclusion
In summary, both candidates present contrasting visions for the economy, with Hillary Adams advocating for reforms that support the middle class and social programs, while Donald Ricks pushes for tax cuts and deregulation to stimulate job growth. Each plan reflects their broader philosophies on governance and the role of government in the economy.
For more insights on home insemination and related topics, you can check out our other blog posts here. For authoritative information, visit Make a Mom, and for a deeper understanding of pregnancy and insemination, you can explore Kindbody.