The Pros And Cons Of Hillary Clinton

Hillary Clinton has made many promises that she plans to fulfill if she is to be elected and some of them are complete opposites of the Republican candidate Donald Trump’s views. Hillary Clinton has declared that she would like to accomplish such objectives. Out of the many objectives that she has states the three that I would like to cover on such as when she stated that “for families making less than $125,000 a year, [she] will eliminate tuition” for in-state students of public colleges, getting rid of the tax loopholes for the rich, and increasing the federal minimum wage. These objectives seem to be hard to accomplish since each of them would require copious amounts of money and effort. One of her objectives is to make public college free

One of the loopholes is that for people who work for hedge funds or private equity firms can “treat the income they make at work as capital gains” (Covert). This loophole makes it so that those capital gains can be listed under investments and not salaries which lowers their tax rates from 39.6% to 23.8% which is a difference of 15.8%. Clinton estimates that closing this loophole will bring in about 17 billion dollars in revenue over the next decade. It could also lower the income equality due to this tax treatment being the largest contributor to income inequality. Although this idea has been talked about for a while now with it being included in President Obama’s budget, it hasn’t been accomplished yet. Another loophole that Clinton will try to get rid of is the overseas corporate inversions. The overseas corporate inversions allows companies to buy out other companies from a country with lower taxes and to transfer their listed tax home to that country so that they have lower taxes. Clinton wants to make sure that these companies have to pay other taxes so that they aren’t paying less while doing the same

Companies paying taxes will make it so that more of that money can go to public projects such as funding schools or other government buildings. US right now pays around 2 trillion dollars in imports per year, with “over $1 trillion of which were ingredients for U.S. production—such as chemicals, minerals and machine parts” (Ikenson). Two disadvantages are that this will lead to less companies starting in the US and starting in a different country, and also it would hurt companies that are already doing this by making them pay more. If a company wanted to start in the US and transfer into a different country, they wouldn’t be getting the same benefits if this passed and they might hesitate to start their business in the US. Also this would make it so that if a company was struggling this loophole closing would cause them to maybe go out of business because of the increased