Donald Trump vs Hillary Clinton on the economy – what the US election 2016 candidates have to say
BOTH Hillary Clinton and Donald Trump have huge personal fortunes but what are their plans to put more dollars in the average US citizen's pocket and boost the jobs market.
With a personal wealth of £3bn, business tycoon Trump has made it clear he believes he's the man to put America back on its' financial feet.
He also points his finger at his Democratic rival as being one of the causes of America's economic woes claiming she wants to shut down factories and mines across the USA.
In the other corner, Hillary - worth a reported £37m - says she will tax wisely to make America more competitive on the world market and target those looking to dodge charges.
What are Donald Trump's economic plans?
Trump's ecnomic plan would move all Americans into three tax brackets, down from the current seven.
The top bracket for couples making more than $225,000 a year would pay 33%; the $75,000-to-$225,000 bracket would pay 25%; and the under-$75,000 bracket would pay just 12%.
Right now, people who make under $75,00o pay a 15% rate, while the top bracket — made up of those making $466,950 — pays 39.6%.
Trump would also cut the corporate tax rate to 15%. It now sits at 39%
According to , Trump's plan would encourage investment by businesses and individuals.
Trump does not have a specific plan on creating job growth, but his general business policies are designed to increase jobs in the US.
For instance, Trump wants to decrease regulation on energy production to create mining and energy-related jobs, which have been decreasing in recent years.
"We are going to fully capture America’s tremendous energy capacity," said Trump.
"This will create vast profits for our workers and begin reducing our deficit. Hillary Clinton wants to shut down energy production and shut down the mines."
Also, Trump has said he wants to axe Obamacare, which he said would save two million jobs over the next 10 years.
Trump has also stated that his trade polices will lead to more manufacturing and goods-based jobs in America.
What are Hillary Clinton's economic plans?
Clinton's plan calls for increasing taxes for people who make over $5 million a year by 4%, in what her campaign calls the 'Fair Share Surcharge.'
Additionally, Clinton would make sure people making more than $1 million a year do not pay an tax rate under 30%.
For business, Clinton wants to prevent "inversions," in which companies move their headquarters overseas in order to pay a lower rate by charging an "exit fee" on companies moving abroad.
Clinton's plan would decrease investment from the top earners but would also significantly reduce the federal deficit.
Clinton has introduced a number of measures to try to produce job growth.
In addition to investing in infrastructure and manufacturing, she wants to focus on labour and capital investment by modifying capital-gains taxes, giving tax credits for long-term investments and new job hires.
"And here’s something that you don’t always hear enough of from Democrats: a big part of our plan will be unleashing the power of the private sector to create more jobs at higher pay," Clinton said.
"And that means for us, creating an infrastructure bank to get private funds off the sidelines and complement our private investments."
She also wants to raise the minimum wage to $12 or even $15 an hour
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