For those of you who slept through your economics classes or never signed up for them...Hillary Clinton's economic "plan" is a watered down version of the same kind of stimulus spending on infrastructure that failed to create jobs. She threw in some assorted giveaways to her voting base...government subsidies for college, paid family leave for the parents of newborns and a $15 an hour national minimum wage all of which is going to suck money out of the Private Sector and hurt job creation. What's pathetic is that she want's you to believe that she'll pay for all these things by raising taxes on the wealthy and on corporations! The reason I say pathetic is that anyone who thinks Hillary is going to bite the hand that fed her all those millions of dollars in "speaking fees" is as naive as they come.
It puts as much money or MORE in the private sector citizen worker's hands....the employee's hands.... and then from their hands, directly in to the economy.
So how is she going to reduce federal taxes in the already over taxed American Middle Class?
Well, it's simply not just taxes that affects the middle class.....there are many many middle class families who already do not pay any federal income tax....so things like Donald's tax write off with no cap for childcare, is primarily for those who are wealthy and spend $10k plus per child for child care or basically, they are doing better than most of those in the middle class are doing...
Most citizens do not have enough tax write offs to take deductions and they file the short form....
So in Hillary's tax plan, parents with children would get a tax credit for child care instead of this cap lifted on the deduction for child care thingy....that only benefits those who takes deductions when filing and have a very prestigious and costly child care service, this is better for the middle class....a credit is better than a 'deduction' any day of the week...
We have some of the lowest tax rates in our history and we are taking in each year in revenues at the lowest percentage of GDP in recent history as well....
in hillary's plan, the middle class federal income taxes are not raised, but the very wealthiest's taxes are raised...this reduces our deficits, which reduces the need to print money and accelerate inflation, which benefits the middle class the most...short and long term imo.
Using some of these extra revenues to fix our infrastructure problems is also beneficial to the construction field of workers which has been suffering since the housing bust....middle class workers of all kinds...will benefit by jobs added, and all of us and our children will benefit simply by building up this infrastructure...
Trump's plan now has changed some from what he first spoke about and I read he's using the ''ryan'' tax plan now....
it's mostly a joke, a gift horse for the very very very wealthiest and adds debt from here to kingdom come.... that means inflation...