In the article, "Clinton Floats Tax-code Changes as she Campaigns in New Hampshire" (link to article) it states that while Hillary Clinton has been campaigning in New Hampshire this last week, she has been promoting her willingness to make changes to the U.S. tax code in order to reward companies that produce goods and services instead of trading. At one of the places she visited she even said, "I want to do everything I can to support goods and real services and take a good look at what is now being done in the trading world." In addition to changes in the tax code, Clinton has been talking about several other economic goals such as making college more affordable and dealing with income inequality.
From how Clinton has been campaigning so far, it looks like her campaign will be very focused on economic changes that she plans to make. Many of the plans she has mentioned so far are targeting middle class individuals since her efforts seem to be focused on changing the tax codes to benefit the less wealthy and make education more affordable. I definitely think that the tax codes need to be changed so that the wealthy can't go through loopholes in order to pay less than middle class Americans, but I'm not quite sure how it should be done. I think that Clinton's economic goal could be good as long as the plan is implemented correctly. It will be interesting to see how the other presidential candidates' economic goals compare to Clinton's.
I think it is interesting how she is reaching a target area that is more broad than her announcement video (which I personally thought mainly just targeted the middle-to-older age groups). Talking about tax codes sticks with this theme, but adding in college affordability extends her campaign to younger generations, which she will need to target if she really wants to win the White House.
ReplyDeleteI am a little bit leery about punishing companies simply because they are good at trading goods or services. Such tax increases on these forms of business will only hurt industry as producers will have to pay more trading services to get their products overseas since it will cost more to run their operation. In short, I agree that there is a need for tax reform, but I do not believe that this is the right way to go about it.
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