When I spoke at the Financial Global Summit in March, Stephen Moore was on a couple of panels. Moore has done extensive analysis on each candidates’ economic and political views.
Trump pledges to:
- Slash the corporate tax rates from 40% to 15%
- Lower capital gains taxes from 24% to 20%
- Increase standard deductions from $6,300 to $25,000 for single filers, and $12,600 to $50,000 for couples.
- Middle-class households would enjoy a $2,700 tax cut.
- The number of people paying no income tax would rise from 77 million to 110 million.
He also includes plans to reduce the deficit by cutting government spending.
Economists will tell you, these plans could produce millions of new jobs, bring back companies from overseas, and raise income levels. Their defeat
Hillary Clinton’s plan is very different. She wants the rich to continue paying “their fair share.” She wants income redistribution, bigger government expansion, and more central control of the economy
In her plan:
- Millionaires will pay at least 30% income tax, or 34% if they make more than $5 million.
- Itemized deductions will be capped at 28%.
- She will limit the value of tax-deferred retirement accounts.
- More regulations and oversight
Here is a powerful video, detailing Trump v. Clinton.
Watch it here.
Which plan do you think will better grow the economy? Why? Email me at [email protected]