Supply Side Economics: Donald Trump And Hillary Clinton

Economics, a science concerned with the factors that determine the production, distribution, and consumption of goods and services, is obviously a large part of politics. One political forum in which economics is discussed is the presidential debates. On Monday, September 26, 2016, presidential candidates Donald Trump and Hillary Clinton engaged in one such debate. Among other things, they discussed the four components of supply side economics (land/resources, labor, entrepreneurship, and capital) and the four components of demand side economics (consumption, investment, government spending, and international trade).

The first component of supply side economics as well as the third component of demand side economics, land/resources and government

So let’s have paid leave, earned sick days. Let’s be sure we have affordable child care and debt-free college. How are we going to do it? We’re going to do it by having the wealthy pay their fare share and close the corporate loopholes.” In this quote, Clinton said that the solution to all the problems of the lower and middle classes is to increase taxes on the wealthy. In rebuttal, Trump stated “We have to stop our jobs from being stolen from us. We have to stop companies from leaving the United Sates, and with it, firing all of their people … Under my plan, I’ll be reducing taxes tremendously, from 35 to 15% for companies, small and big businesses … Companies will come. They will build. They will expand. New companies will start.” In this quote, Trump said that tax increases on businesses are not the answer, tax cuts are. He said that the United States must give businesses incentives to come to, stay, and expand in the United Sates, otherwise they will continue leaving in droves, taking their money and jobs with

I want us to invest in your future … That starts with raising the federal minimum wage and also guarantee, finally, equal pay for women’s work.” In this quote, Clinton said that she wants to invest in people directly by forcing companies to pay them more and pay women the same as men for the same job/work. In rebuttal, Trump stated that “Under my plan, I’ll be reducing taxes tremendously, from 35 to 15% for companies, small and big businesses … Companies will come. They will build. They will expand. New companies will start.” In this quote, Trump said that he wants to cut corporate taxes to allow businesses to reinvest in themselves which will ultimately result in those businesses investing in their workers as they expand or create new