Hillary Clinton for President
Hillary Rodham Clinton is one of the candidates vying to be the 45th president of the United States. However, she has to win the Democratic nomination ticket. Hillary was born on October 26th, 1947 and is the wife of former president of the USA, Bill Clinton. Hillary Clinton vied for the Democratic ticket for the 2008 presidential elections but was defeated by the 44th president Barrack Obama. Although she has not yet won the Democratic primaries, Hillary Clinton is already denoted as one of the favorites to win the eventual presidency. However, some critics disagree with Hillary’s policies. One of the areas she is receiving criticism is her economic stances. As such, this paper will explore economic arguments that would encourage or discourage a voter from voting for Hillary as the 45th president of the United States.
Pros of voting for Hillary
She understands Foreign Policy
Hillary Clinton has been the Secretary of State from 2009 to 2013. She has traveled to over 112 countries in her position therebyfamiliarizing herself with foreign economies like China and India. These are the fastest growing economies in the globe and are consequently the new market for American products. They are the greatest source of outsourced labor too.(Hillary Clinton’s Economic Plan 1) Laws of supply anddemanddictate that needsare necessary to keep the market at equilibrium and to produce the eventual revenue. As such, Hillary’s knowledge of these two markets gives her a pro.
She understands Economic Policies
According to Hillary’s economic policy, she will increase small businesses access to capital, reduce their taxes and control the red tape. Small businesses in America employ 60% of the workforce meaning that to improve the economy; small businesses assisted to improve. The ad/as an economic model will be satisfied because increasing the success of small businesses will lead to greater income for most Americans and consequently increase demand for domestic products. In addition, Hillary has claimed she will impose the “Buffett Rule” that will increase the tax rate for the wealthiest and increase corporate taxes(Hillary Clinton’s Economic Plan 1).
She will reform immigration
It is widely an acknowledged fact that the United States has numerous illegal immigrants whose jobs are informaland thus do not pay taxes. According to Hillary, integration of such a workforce into the formal economy will generate the country $700 billion in a decade. The increase in the labor will lead to an increase in production which will eventually lead to increased revenue. Also, the regular employees will pay taxes that will assist the federal government in stabilizing the economy.
Cons of voting for Hillary
Deregulation of Wall Street
It is well known that Hillary Clinton did not oppose the deregulation of Wall Street by her husband, Bill Clinton. The deregulation of Wall Street has caused enormous economic inequalities among the people. As such, it is unknown whether she will regulate Wall Street or the exploitation will continue uncontrolled. Hillary has already claimed she will not reinstate the Glass-Steagall Act that regulated Wall Street(Lazaroff 1).
She will Remake the US tax code
According to Hillary Clinton, she will increase taxes on capital gains to align with income tax rate. Such actions will increase taxes for the ultra-rich as well as the government’s revenue. However, such actions may encourage investors to invest abroad in countries where the tax rates are favorable, thus reducing employment in the country. The model of supply anddemand is susceptible to external forces, and such external forces include reduced investments.
She supports making trade treaties with foreign countries and corporations
Throughout her tenure as the Secretary of State, Hillary has forged numerous trade agreements. On behalf of the government, she has negotiated trade treaties with countries like South Korea, Columbia and Mexico. However, many Americans are skeptical of her trade policies since they believe that such agreements will reduce jobs in the United States. Such treaties force companies to seek cheap labor outside the country(Lazaroff 1).
In light of the arguments above, we can clearly see some of the economic arguments that support as well as oppose Clinton’s presidency. I would vote for Hillary Clinton to be the 45th president of the United States. Clinton’s economic policies are not perfect, but they will contribute massively to the crumbling American economy. Her astute diplomat skills will ensure she attracts investors while her policy would increase taxes on capital gains.
“Hillary Clinton’s Economic Plan.” 28 July 2015. Huffington Post. Web. 28 March 2016.
Lazaroff, Leon. “If Hillary Clinton is Elected US President, Here is What Will Happen to the US Economy.” 3 January 2016. The Street. Web. 28 March 2016.