Trump VS. Clinton- The Economy and Healthcare

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Whenever you flip through the channels, or turn on CNN, you’ll hear a mainstream media talking head suggest Donald Trump has offered no real policies to “Make America Great Again”. That person will then attack Trump for not releasing his tax returns and deflect from the damning information found in the Wikileaks e-mails by blaming Russia- similar to the Democratic Candidate Hillary Clinton. The ironic part is that Clinton herself has offered no real solutions or policies to “Make America Great Again”. Instead, she attacks Donald Trump for his treatment of women, his “relationship” with Vladimir Putin and Russia, and brings up his refusal to release his tax returns. Clinton will then make vague comments about the economy moving forward, sounding as scripted as her multi million dollar television advertisements, her vow to fight for children and womens rights, and her promise to fight for equal pay within the workplace. Of course, she fails to mention that male executive employees at the Clinton Foundation make $83,000 more a year on average than the female executive employees. She also fails to mention that she granted 1/5th of American Uranium to Vladimir Putin to appease her Clinton Foundation special interests, and that her own campaign manager John Podesta has far closer ties to Putin than Trump, as he has 75,000 shares invested in a Putin connected company.

Contrary to popular opinion, Hillary Clinton hasn’t offered any solutions moving forward, and instead consistently shifts the discussion to what’s wrong with Donald Trump (facts notwithstanding) as a way of deflecting from the lack of substantive polices she holds. As she says, “America is great, because America is already good”. This is to suggest she will hold onto Obamacare moving forward, stick with an economy that has left 41 million Americans unemployed, and has left more African Americans beneath the poverty line and on food stamps than ever before, and provide similar rhetoric to Obama’s that has created the most stark racial divide in decades.

Hillary’s on the wrong side of the economy and she knows it, as her team even suggested as much when they voiced their concern over the spike in Obamacare premiums. Obamacare was flawed from the start, because it made the false assumption that healthy young Americans would voluntarily pay the same premiums as those who were in actual need of it. It didn’t work out that way and the rest is history.

Obamacare premiums are expected to increase by 22 percent nationally, with many states offering only one insurer. The premiums in Arizona alone for example, are expected to increase by 116 pct. There also expected to increase by 58 pct in Alabama, 32 pct in Georgia, 43 pct in Illinois, 59 pct in Minnesota, 51 pct in Nebraska, 69 pct in Oklahoma, 53 pct in Pennsylvania and 63 pct in Tennessee. The goal is to make healthcare more affordable, however the “everyday family” currently spends about 35 pct of their income on healthcare. Clinton promises to “fix” Obamacare but offers no real concrete plans on how she will do so (perhaps because it’s impossible to fix). For a healthcare system where premiums and deductibles have already risen in unprecented fashion, the substantial increase in premiums nationwide makes an already flawed healthcare system downright untenable.

Donald Trump saw the flaw ridden Obamacare as an opportunity to distance himself from a deeply flawed candidate in Clinton. Trump has stated from day one he will immediately repeal and replace Obamacare.

One of the major reasons for increased healthcare premiums, and unaffordable health care for many everyday Americans is the ability insurance companies currently have to manipulate the market. Since there is no interstate competition, insurance companies have the ability to raise prices, holding the American people captive to their practices. Trump recognizes this market manipulation, and will ask congress to modify existing laws that prohibit the sale of health insurance across state lines.

In other words, Trump will allow for interstate competition between insurance companies, creating more flexibility and affordable options for the American people currently suffering from the Obamacare increases. This will impede the insurance companies ability to drive prices due to the lack of competition, forcing their hand to lower their prices, or lose their customer, and Americans will have more affordable options as a result.

Individuals would also be allowed to fully deduct their health insurance premium payments from their tax returns, something that only businesses are allowed to do currently. Perhaps the most appealing aspect of Trumps healthcare plan is his proposal to remove all barriers to entry into free markets for drug providers that offer safe and cheaper products. This will provide more choices for the American people who are currently suffering from the market manipulation that equates to prescription costs that are simply too high. Many sick Americans currently can’t afford prescriptions that they need. Allowing consumer access to drugs from overseas can alleviate this.

Under a Clinton presidency, the market manipulation would continue and the large pharmaceutical companies would thrive- all while premiums become more unaffordable to the American people. Under a Trump Presidency, the interstate competition would lower prices, and the insurance and pharmaceutical companies would no longer be able to manipulate their customers. The American people would have more options, leading to lower prices and more satisfied Americans.

Clinton is also fairly vague when she speaks of what she plans on doing with the economy moving forward. She states that families making less than $125,000 a year will receive free in state tuition at public colleges. This proposal is simply not economically feasible as it would cost $350 billion over ten years, and add to an already incredibly large deficit.

She boasts about increasing taxes against the wealthiest Americans to create a “fairer economy”. Clinton would redistribute the income by hiking capital gains taxes on households earning $1 million or more by 30 percent, and add a 4 percent surcharge on multi-milionares. The proposal looks good on paper, as the top 10 percent of the American economy would do the heavy lifting, but Clinton’s plan doesn’t work as it would negatively effect the bottom 90 percent as well.

According to the Congressional Budget Office, 9 of 10 income deciles would see a decrease in their broadly measured income. In fact, the bottom 10 percent of the economy would see the largest drop in income. Clinton’s proposal would also lead to more misleading government job creation. According to NCPA, Hillary’s economic and tax proposals would create 49,000 new government jobs, but eliminate 207,000 private-sector jobs. In other words we would be losing jobs at a rate of 4 to 1. Clinton’s proposals would also cost business investment to fall $19 billion in her first year alone.

This is where more government spending, higher tax rates on the rich and increased regulations will lead you. Her economic plan only depresses potential investment, continues the decline in productivity and the stagnant growth we’ve been experiencing for far too long would continue unabated.

Many have argued a Clinton Presidency would be an “Obama extension” (best case scenario) and that that would be a good thing. Obama’s economic legacy is a polarizing topic. Liberals will argue that the stock market is up, gas prices are down and job growth is on the rise. Conservatives would argue that the labor rate is the lowest its been in decades, African Americans have been deserted by Obama and that the national debt has more than doubled under Obama’s watch.

Under Obama, The Labor Force Participation Rate has dipped just beneath 63 pct, making for the lowest labor participation rate since the 1970’s. Obama is also leaving the White House with the lowest home ownership rate in 51 years, as it is currently at 62.9 pct. The real GDP only grew 2.1 pct under Obama, making for the slowest seven year period since the 1940’s. African Americans have also suffered under Obama, as the African American unemployment rate is more than double that of white Americans, the percentage of African Americans beneath the poverty line has increased, the median income of black households has decreased, and the number of African Americans on food stamps has increased from 7,393,000 to 11,699,000.

In other words, a Hillary Clinton Presidency would be four more years of the same- more debt created, more jobs lost in the private sector, the number of small businesses continuing to diminish and minorities being stuck in the same circle in which the left has trapped them.

Trump’s economic philosophies and policies are a stark contrast to Clinton’s. Trump’s tax proposal asks for a tax cut across the board for all Americans, with an emphasis on the middle and working class. American households with an income of less than $75,000 would pay a 12 pct tax rate, households with an income of more than $75,000 but less than $225,000 would pay a 25 pct tax rate, and households making more than $225,000 a year would pay a 33 pct tax rate. Trump’s plan also decreases taxes by increasing the standard deductions. The proposed deduction is $30,000 for married joint filers and $15,000 for singles, which is a significant increase from the current $12,600 and $6,300.

Perhaps the best aspect of Trump’s tax plan are his deductions for child care expenses. Any couple with an income of less than $500,000 or single taxpayer with an income less than $250,000 a year will be eligible to take an above the line deduction for child care, capped at the state average. According to the National Association of Child Care Resource & Referral Agencies, the average cost of day care is $11,666 per year and can be expensive as $18,773- Trump’s proposed plan would save more than $2,900 per child a year on average. This adds up for low and middle class Americans, and it’s appeal to the struggling families and single moms of America is evident.

Trump’s tax plan would also help struggling business. Trump’s proposal would decrease taxes from the current 35 pct tax to just 15 pct, and eliminate the corporate alternative minimum tax. With this proposal, business owners would profit greatly and be incentivized to continue growing their business, which means employing more workers, thus enhancing job creation. Single moms, middle-income families, hard working Americans, and small business owners all greatly benefit from Trump’s tax plan. Trump’s tax proposal is expected to create two million jobs, while Hillary’s tax plan is expected to lose at least 300,000 jobs.

Trump’s business tax will greatly incentivize businesses throughout the country to expand which will create more jobs. Trump also plans on making America energy independent, which he will do by encouraging the use of natural gas, opening onshore and offshore leasing of federal lands for exploratory purposes, and unleashing the $50 trillion in untapped oil, natural gas reserves and untapped shale.

Trump would also invest in rebuilding the military which would be a boon to the industrial sector. Trump would pay for the military by getting rid of the never ending wasteful spending programs in Washington that Clinton would continue. Ending illegal immigration would not only create more jobs, but it would put an end to businesses choosing illegals over law abiding Americans due to lower labor rates. It would also help the legal immigrants struggling to find work currently, as the amount of Latinos in poverty has increased by 2 million since Obama took over.

Perhaps the biggest component of Trump’s economic and job creation plan would be the renegotiation of trade deals. The first step would be withdrawing the U.S. from the Trans Pacific Partnership, or the TPP.

The TPP allows foreign countries to export goods into our markets, while we’re unable to ship goods to other countries, stunting economic growth and costing Americans jobs. The TPP cost the U.S. over two million jobs in 2015 alone.

The second would be telling our NAFTA partners we plan on renegotiating the terms of that agreement to get a better deal for American workers. If they don’t agree to it we leave the deal altogether, and eliminate Mexico’s one-side backdoor tariff through the VAT and end sweatshops in Mexico that have been undercutting U.S. workers. Our trade deficit with Mexico is currently around $60 billion.

Then Trump would instruct the Treasury secretary to label China a currency manipulator. The U.S. has lost nearly one third of their manufacturing jobs and 50,000 factories since China joined the NWO. According to the U.S. International Trade Commission, if we’re able to improve our intellectual property in China it would create over 2 million American jobs. It’s imperative that we take a stand as a country, and put an end to the “norm” that is China and Mexico taking advantage of us and stealing our jobs.

Trump would also create jobs and stimulate the economy by investing in education. Trump wants to make education more affordable to children coming from lower-income families. Considering the educational struggle inner city African American communities continue to experience, this could have a massive effect on the African American community. Under Obama, African Americans had the lowest high school graduation rate amongst all races, with some states graduating less than 50 percent. The much depleted educational system would get a massive overhaul under a Trump administration. He plans on reprioritizing $20 billion in federal funds and directing that money towards school choice. A higher quality education for more Americans is the gateway to more opportunities in a prosperous America.

The philosophical difference between Trump and Clinton regarding the economy and job creation is quite apparent. Clinton believes in more government assistance, which means more government jobs and handouts which stalls economic growth and only puts a bandaid on a never ending problem. Trump believes in giving the American people the opportunity to succeed. Under Clinton, jobs within the private sector will continue to disappear and struggling Americans will once again stop looking for work. Those who are currently hurting within the economy will be in the same position four years from today. This is wholly unacceptable.

Under A Trump Presidency, success is rewarded, under Clinton it’s demonized and penalized. Trump understands the need for healthy businesses, the waste that is the inefficient government spending, and the importance of brining jobs back to America. Trumps proposals to fix our educational system and rid ourselves of mass illegal immigration gives minorities renewed hope. Clinton’s status quo guarantees they stay in the same place, and in the same struggle. Trump has a vision for America, where we have the opportunity to prosper. Clinton has no vision and no plan for economic growth.  As for Obamacare, it’s simply indefensible and it’s only going to get worse.

Stephen M. Scott
Creator of and writer/editor for CTN Politics. Political Writer with a focus on foreign policy, media bias, Hillary Clinton and the Donald Trump phenomenon. Follow on Twitter at @Trump_Row