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Hillary Clinton keeps bashing the Trump tax plan as “Trumped up trickle down economics.” This class warfare card has become the standard and tired response to every Republican tax plan reform for 30 years. No wonder we haven’t cleaned out the stables of the tax code since the Reagan era. Democrats have no interest.
What makes America an economically ingenious place is the competitive federalism model set forth by our Founding Fathers. They established our nation as the world’s largest ever free trade zone in which 50 states competing for jobs and people with varying economic and fiscal policies.
It was in 1916 — 100 years ago this year — that America made a big, big mistake that has done significant damage to our economy and the fairness of our tax system for an entire century. We are talking about the estate tax, more popularly known as the death tax.
Hillary Clinton and Donald Trump don’t agree on much of anything, but there is one area where they have a meeting of the minds: they both want to spend way more on public works programs. Hillary Clinton says that her primary jobs stimulus will be a massive $275 billion-plus infrastructure spending binge.
Donald Trump one-upped Hillary last week promising to spend twice that amount. He says the money is necessary because of crumbling roads and “bridges that are falling down.”