Comparison of Candidates’ Tax and Health Care Plans
Every American who earns income has a financial interest in knowing how each candidate plans to grow the U.S. economy while generating enough federal tax revenue to fund critical programs and meet the government 's obligations. Two of the most controversial issues that have been discussed in this election cycle are the candidates’ tax plan and health care reform.
Trump is focusing on cutting taxes for everyone, reducing the number of tax brackets from seven to three, and higher the taxes on the wealthy - 4% tax increase on those who earn more than 5 million dollars. He would reduce the top rate of tax to 33% from 39.6% ("Where Donald Trump and Hillary Clinton Stand").
Clinton, on the other hand, wants to raise taxes on the wealthy and lower taxes on companies that hire more people. She would keep the taxes the same, but add an additional bracket for the highest earners. Clinton has proposed altering the medium-term and long-term capital gain tax benefits for people with at least 5 million dollars in earned income. Investors wouldn 't see any reduction in long-term capital gains taxes until they hold their investment for at least two years, and they wouldn 't see the current 20% rate unless they were to hold investments for six or more years. She is also taking aim at estate tax reform and social security payroll tax. Clinton 's plan would add 1.1 trillion in revenue over the next 10 years (Sahadi)
Clinton Tax Brackets
She believes that school choice would kill off public schooling in America. Clinton’s standpoint is that children need to be educated at a young age and that will help them reach their maximum potential as they get older. As president, Hillary says she will make sure every 4-year-old in America goes to preschool. Hillary wants to focus more on providing education at younger ages, making sure education is affordable, and helping parents with children attending college decrease their stress levels. Hillary also wants to ensure that every teacher is working to the best of their abilities and preparing kids for how tough the world is today. She wants to fix America’s schools; she wants to make them offer helpful courses for the future and make schools safer across the country.
The current election between Barrack Obama and challenger Mitt Romney is about America's future based upon different visions. To fully understand these contrasting views requires examining the stance of each individual in areas such as: the candidate's vision of America, how they differ, the way they are similar and their beliefs on health care / job creation. Together, these elements will highlight the approach they will be utilizing to address a host of problems.
Donald Trump wants to lower taxes which is great, but there are many setbacks to this. If he does lower taxes it will be harder for the government to have
The nation has been evenly divided between Donald Trump, who is calling for dictatorial control of the country with massive tax breaks to the top 1%, and Hillary Clinton, who is calling for tax breaks for the middle class.
On March 23, 2010 Obama signed off on the Patient Protection and the Affordable Care Act also known as ObamaCare. President Obama has been moving forward with this program to help create affordable healthcare for U.S. citizens (especially those in poverty).
Universal Healthcare in the United States has been a long time journey that dates back decades and we, as a country, are far behind other developed countries who have had universal healthcare for a long time. Today, Healthcare is obtained through employers or by people paying for it by themselves, which is incredibly expensive due to high premiums. Five years have passed since the controversial Obama care, or Affordable Care Act, was signed into law on March 23, 2010. The Affordable Care Act aimed at fixing the many problems that the United States has with healthcare by making it available to everyone, but also more efficient and this required drastic changes that made some people happy while others unhappy since some are benefiting while others are not. These people include politicians, but foremost presidential candidates. Candidate’s stance on the issue of healthcare is truly important due to the fact that if they’re the next president of the United States, it could hurt or improve the health care reform. Noteworthy candidates are: Jeb Bush, Hillary Clinton, Marco Rubio, and Bernie Sanders. Republicans and Democrats have long debated whether or not the Affordable Care Act should be repealed or replaced. Republicans believe that it is a problem while Democrats support it. The Affordable Care Act should not be replaced but instead improved because it provides quality and affordable health care to Americans. Everyone gets sick and people shouldn’t be afraid of receiving help
Trump and Clinton’s financial implications differ due to what they each want to accomplish. Clinton states that she wants to control health care costs so
As most people should KNOW that if you focus on getting more money from the rich, you’re losing jobs. Because, in order for there to be jobs you’re going to need money, and if you keep taking larger amounts from these successful companies; the amount of income the worker gets is reduced or they get fired because there just isn’t enough money to keep them working. Hillary Clinton thinks the American people should be taxed more in order for her “plan” to work. Taxes is what her plan consists on, so obviously she wants to raise taxes but as is the average American pays over $10,000-$20,000 in
The issue of healthcare coverage under the federal health reform has been politically debated by many Americans, including the current Democratic presidential candidates Hillary Clinton and Bernie Sanders. The healthcare reform enacted in 2010 under President Obama’s regime intended to support the ongoing healthcare system as a building block to enhance more access to health insurance coverage for millions of uninsured Americans; yet the government’s tireless effort to ensure all individuals are covered remains a major issue across the country.
BBC: For the longest, Republicans have said the U.S. tax system is in need of repairing and Trump is the one taking the stand on it. He’s called for significant tax cuts which
Finally, he would like to keep companies from shifting business overseas to escape American taxes. His other goal would involve raising taxes on the rich, but not the middle class.
There are many issues that divide America. These range from social issues such as an individual’s stance on homosexuality and abortion to personal beliefs on economic policies like how to budget and where to tax. In 2016 one of the biggest topics in the election process was regarding whether the candidate would support Obama’s Affordable Care Act or try and dismantle it before it gets too big to disassemble. There are two sides to every argument. One side brings points that the other cannot and there is no right answer no matter where an individual places his or her personal opinion. This is why it is so important to analyze both arguments to try and reach the best possible solution on Obamacare such as who is effected and what is the
As said on npr.org by Danielle Kurtzleben “Donald Trump’s tax plan is indeed a large tax cut, but those cuts would largely benefit the highest earners. According to a recent analysis from the right-leaning Tax Foundation, the top 1 percent could see their after-tax incomes increase by up to 16 percent. Meanwhile, the bottom four quintiles would see their incomes grow by 1.9 percent or less.” Donald Trump is focused on making the rich richer and the middle class less fortunate than they already
Donald Trump’s plan focal point is on cutting taxes and how that will result in many benefits towards the economy. “The president-elect has said he can get the economy to grow nearly
This may sound like a tax plan that will relieve the financial burden on lower-income taxpayers, directly benefiting the poor, but in actuality, cutting taxes for all in a regressive manner gives substantially more money to the wealthiest taxpayers and a very small amount to lower income taxpayers. According to his plan, a typical American family of four will be able to keep at least $1, 600 more of