Hillary Clinton's Tax Policies
With the middle class in decline for nearly 50 years, income inequality is at its highest since the 1920s. Due to this, the Democratic presidential candidates have both created platforms around improving the economic security of the average American. Hillary Clinton's policies are designed to target the middle class through tax policies, education spending and economic security measures to help the average American.
Building Infrastructure and Supporting Growth
One of Clinton's goals is to promote investments in education and infrastructure. Her plan for education is to increase tax cuts of up to $2,500 per student and lower student loan rates. She wants to provide community college educations for free and make it possible to graduate from …show more content…
Over the course of five years, infrastructure spending would create 3.25 million jobs. The plan would include electric grids, roads, energy systems, bridges and transit systems. Investing in infrastructure is actually one of the best moves for economic policy because it allows the economy to be more productive. For every $1 billion spent on infrastructure, the White House Council of Economic Advisers estimates that 13,000 jobs are created. Standard & Poors estimates that $1.3 billion in infrastructure investment in 2015 would create 29,000 jobs and generate $2 billion extra in the economy. Additionally, the Standard & Poors noted that the additional infrastructure spending would reduce the federal deficit by $200 …show more content…
Meanwhile, the tax increases would pay off an additional $1.2 trillion of the federal deficit over the next decade.
Taxing Capital Gains and a Higher Minimum Wage
Part of her platform focuses on raising the capital gains tax to 43.4 percent on any investments that last for less than two years. Meanwhile, long-term investments would remain relatively unaffected. The goal of this policy is to restrain short-term, speculative trades from having an over-sized effect on the economy.
Additionally, Clinton wants to raise the federal minimum wage to at least $10.10 per hour. In the past, she previously supported the idea of a $15 an hour minimum wage. To encourage incentives for hard work and businesses, she wants to encourage profit sharing between companies and their employees. This would be done by a 15 percent tax credit to businesses that agree to give their employees a percentage of the
Building Infrastructure and Supporting Growth
One of Clinton's goals is to promote investments in education and infrastructure. Her plan for education is to increase tax cuts of up to $2,500 per student and lower student loan rates. She wants to provide community college educations for free and make it possible to graduate from …show more content…
Over the course of five years, infrastructure spending would create 3.25 million jobs. The plan would include electric grids, roads, energy systems, bridges and transit systems. Investing in infrastructure is actually one of the best moves for economic policy because it allows the economy to be more productive. For every $1 billion spent on infrastructure, the White House Council of Economic Advisers estimates that 13,000 jobs are created. Standard & Poors estimates that $1.3 billion in infrastructure investment in 2015 would create 29,000 jobs and generate $2 billion extra in the economy. Additionally, the Standard & Poors noted that the additional infrastructure spending would reduce the federal deficit by $200 …show more content…
Meanwhile, the tax increases would pay off an additional $1.2 trillion of the federal deficit over the next decade.
Taxing Capital Gains and a Higher Minimum Wage
Part of her platform focuses on raising the capital gains tax to 43.4 percent on any investments that last for less than two years. Meanwhile, long-term investments would remain relatively unaffected. The goal of this policy is to restrain short-term, speculative trades from having an over-sized effect on the economy.
Additionally, Clinton wants to raise the federal minimum wage to at least $10.10 per hour. In the past, she previously supported the idea of a $15 an hour minimum wage. To encourage incentives for hard work and businesses, she wants to encourage profit sharing between companies and their employees. This would be done by a 15 percent tax credit to businesses that agree to give their employees a percentage of the