Which candidate has the best economic plan to get America growing again? This is the most important question of the 2016 presidential campaign, yet think tanks and journalists keep getting the answer wrong.
Donald Trump will cut taxes, reduce regulation, unleash our abundant energy and eliminate our trade deficit through muscular trade negotiations that increase exports, reduce imports and eliminate cheating. These policies will double our economic growth rate, create 25 million new jobs, boost labor and capital incomes, generate trillions of additional tax revenues and reduce debt as a percentage of GDP.
Hillary Clinton’s plan points in the opposite direction. Her tax hikes on businesses and “the rich” reduce incentives to work and invest. She will increase the already staggering $2 trillion annual regulatory burden on the U.S. economy. She vows to put coal miners out of work and oil and natural gas on the back burner — raising energy prices and reducing America’s competitive advantage.