Hillary Econ Speech All About Trump

NBC NEWS: “Hillary Clinton delivered an economic speech in Warren, Michigan Thursday. She offered few new details on her own policy, and instead devoted most of her time to slamming Donald Trump’s tax plan, which he discussed Monday.”

Here are the facts behind Clinton’s speech.

  • CLAIM: “An independent analysis by a former economic adviser to Senator John McCain,” Clinton said, found that Trump’s platform would lead to 3.4 million in job losses, while her plan would create 10 million jobs.
  • THE FACTS: Clinton is referring to a June assessment by Moody’s Analytics. It was authored by several economists, but led by Mark Zandi. Zandi was in fact one of McCain’s advisers — but he’s also a registered Democrat and a donor who has maxed out to Clinton’s campaign. The Moody’s analysis did say that Trump’s policies would result in 3.4 million in job losses over the course of his potential presidency, reading in part: “The economic damage created by Mr. Trump’s policies is also stark when considering how the economy would perform if there were no significant changes to policy.” Moody’s July report on Clinton’s economic plan said it would create 10.4 million new jobs over the course of her hypothetical presidency.
  • CLAIM: “Then there’s the Estate Tax, which Trump wants to eliminate altogether. If you believe that he’s as wealthy as he says, that alone would save the Trump family $4 billion. But it would do nothing for 99.8 percent of Americans.”
  • THE FACTS: Roberton Williams, a senior fellow at the Tax Policy Center, said this mostly checks out. The Estate Tax — which Republicans prefer to call the Death Tax — only affects estates worth more than $5 million, and just 0.2 percent of people who die each year surpass that threshold. The $4 billion figure though, based on Trump’s stated net worth of $10 billion, is a bit trickier since Trump could employ a number of tax avoidance mechanisms.
  • CLAIM: “I will stop any trade deal that kills jobs or holds down wages — including the Trans-Pacific Partnership. I oppose it now, I’ll oppose it after the election, and I’ll oppose it as President.”
  • THE FACTS: Clinton came late to opposing the TPP: She called it the “gold standard” of trade deals when she was Secretary of State. She now says she opposes it, and would as president, though critics on both the right and left remain suspicious.
  • CLAIM: Clinton said Trump called for a new loophole in his Monday speech that would allow him “to pay less than half the current tax rate on income from many of his companies.” She added that he would “pay a lower rate than millions of middle class families.”
  • THE FACTS: The Washington Post delved into what Clinton calls the “Trump loophole,” which would effectively lower the tax rate on high-income “pass-through” entities — companies that file taxes through their individual owners, rather than at corporate rates — from 39.6 percent to 15 percent. The Tax Policy Center’s Williams said Clinton is right to say that Trump’s companies would indeed pay half the current tax rate. But he said it’s harder to state definitively whether that would be lower than middle-class families’ rates, since it would depends on their income level, and thus tax rate, as well as the amount they pay in payroll taxes. Under Trump’s plan, an estimated 63 percent of low-and-middle-class Americans would pay no federal income taxes at all.
  • CLAIM: “We do know that the 400 richest taxpayers in America would get an average tax cut of more than $15 million a year from this loophole,” Clinton said.
  • THE FACTS: The IRS periodically puts out data on the top 400 taxpayers. While Williams said it’s difficult to measure this claim in detail, he guesses they’d save between $10 and $15 million. “They’d save a lot of money,” he said.
  • CLAIM: “The tax cuts he doubled down on in his speech on Monday offer trillions to the richest Americans and corporations.”
  • THE FACTS: Clinton may be high-balling here, but it’s difficult to know for sure without more details on Trump’s new tax plan. The Tax Policy Center estimated that Trump’s old tax proposal would cut federal revenues by $9.5 trillion over the first 10 years, and that “high-income taxpayers would receive the biggest cuts, both in dollar terms and as a percentage of income.” However, Trump altered key portions of his plan Monday with the goal of making it $7 trillion less expensive, so the old analysis is out of date.
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Author: craigcrawford

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69 thoughts on “Hillary Econ Speech All About Trump”

  1. …so hipster to be against TPP.  I wonder how many people who wear that button have read it.  My guess: 2%.

  2. all about drumpf?  of course. no other way for her to get coverage.  she’s been issuing issue papers for more than a year now and media just ignore them.  who wants to talk about substantive stuff when there’s a clown honking horns and blowing balloon animals? look! look! he just gave us the finger!  wow!

    she said what?  how boring.

  3. “Trump’s plan”.  Lolololololol.

     

    The “fair and balanced” media cover this clown as if he means a g——– thing he says.

    New personal rule: Gary Johnson is the only legit conservative-leaning candidate in the race. I’m ignoring the compulsively-lying reality show host, henceforth.

  4. Bink,

    Look at the bright side about the media coverage of said clown: somewhere “Republican” will also be used. The tying together of the two could help the non-Republicans in the Senate, Congressional races. Make Republican Repugnant.

  5. As Puerto Ricans Move to Florida, the Clinton Campaign Is Waiting for Them

    By MATT FLEGENHEIMER and AMY CHOZICK

    KISSIMMEE, Fla. — Bilingual campaign workers fanned out across the event hall, clutching clipboards as they sought prospective voters to register. Handmade signs shot up from the crowd: “Latinos for Hillary” and “Estoy con ella!”

    And from the stage at her rally here on Monday night, Hillary Clinton set aside time for “a special word about Puerto Rico.”

    “If you live in Puerto Rico, you can’t vote for your president and commander in chief, right?” she reminded thousands of supporters, noting that she had worked closely with Puerto Ricans as a senator from New York. “But as an American citizen, if you move to Florida or New York, you canvote for the president and commander in chief.”

    Indeed.
    Amid the commonwealth’s devastating debt crisis, Puerto Ricans have moved in droves to the American mainland, with as many as 1,000 families a month relocating to Florida, according to the Puerto Rico Federal Affairs Administration.

  6. realtimepolitics: Mitch McConnell Running Scared, Admits GOP Is OVER

    McConnell said Thursday that GOP prospects for keeping control of the Senate after the November elections are “very dicey,” sounding an alarm amid mounting Republican concerns about presidential nominee Donald Trump.

    [….]

    With the election less than three months away, McConnell said Republicans are in “a dogfight,” and listed GOP-held seats in New Hampshire, Illinois, Pennsylvania, Ohio, Wisconsin, Florida and Indiana as “very competitive.”

    “I may or may not be calling the shots next year,” McConnell said.

    From his mouth to God’s ears.

  7. and the voice of the turtle heard throughout the land

    Lexington herald-leader:

    Speaking to a Louisville-area civic group in his home state, McConnell said Senate Republicans were going to be “on defense” in this year’s election, regardless of who led the ticket as the party’s presidential candidate.

    Twenty-four GOP-held seats are on the ballot this year, compared with 10 for Democrats, he noted. McConnell was promoted to majority leader two years ago when a Republican surge wrested Senate control from Democrats.

    McConnell did not mention Trump as being a drag on Republican down-ballot races, but he chided Trump’s campaign tactics. The Kentucky senator said he hopes Trump “settles down and follows the script.” [….]

    McConnell warned that if Republicans lose their grip on the Senate after the November election, their ability “to impact judicial appointments will be considerably diminished.”

  8. HOUSEKEEPING: We’re back. I am embarrassed to admit this outage was my fault — I forgot to pay the rent. Didn’t realize our domain registration expired and it took a few hours to get things back in order. Sorry about that!

  9. thank goodness it was you.  tho’t for sure one of my links about myrtle the turtle did it.  how nice to know it was not vladimir hacking us.

  10. from msn reuters:

    Hillary Clinton on Friday released her 2015 tax returns, which showed the Democratic presidential nominee and her husband had $10.75 million in income that year and paid an effective federal tax rate of 34.2 percent.

    In 2015, the Clintons made $1 million in charitable contributions, mostly to the Clinton Foundation; former President Bill Clinton brought in nearly $5.3 million in speaking fees; and the former secretary of state reported income of $3 million from publisher Simon & Schuster for her book on her tenure at the State Department.

    Clinton’s running mate, U.S. Senator Tim Kaine of Virginia, along with his wife, Anne Holton, released 10 years of tax returns. They paid a federal effective tax rate of 20.3 percent in 2015.

    “Hillary Clinton and Tim Kaine continue to set the standard for financial transparency,” Clinton campaign aide Jennifer Palmieri said in a statement. “In stark contrast, Donald Trump is hiding behind fake excuses and backtracking on his previous promises to release his tax returns.”

  11. . . . McConnell said Republicans are in “a dogfight,” and listed GOP-held seats in New Hampshire, Illinois, Pennsylvania, Ohio, Wisconsin, Florida and Indiana as “very competitive.”

    Midge left out AZ & NC. AZ has cooled to mccain. However, the repub-held senate seats in OH and IN are not competitive – yet.

  13. cbs Miami:

    Florida’s high-stakes U.S. Senate race is tightening, with incumbent Republican Marco Rubio holding a three-point edge over Democratic challenger Patrick Murphy, according to a poll released Thursday.

    Peter A. Brown, assistant director of the Quinnipiac University Poll, said the closeness of the race could be linked to recent struggles of controversial Republican presidential nominee Donald Trump — with the presidential race having an effect “down the ballot.”

     

  15. Another busy week and playing catch-up to find out what the brown hole babbled during the week.  He is really on the edge now.  The edge of either madness or prison.  We have roughly twelve weeks left until the votes are cast and counted.  Considering that the clown with the strange head is already saying he  lost because voting is “rigged”.  I am sure his lawyers are preparing right now for that possibility.

    Twelve weeks of “what is going to come belching out today?”  So for this week we have: 1) assassinate Hillary and the Supreme Court; 2) Obama and HRC created ISIS; 3)ISIS is cheering Obama; 4) an economic plan creating a huge hole for him to avoid paying any taxes (but most likely he does not pay taxes already); 5) HRC and it are tied in the polls or it is ahead; 6) more stuff that belongs in the garbage pail.

    There is little left for the cow patty to shock us with, at least using words.  Next?  Animal sacrifices?  Virgins in Rome?

    On a happy note, this week and coming weekend are what really makes Maryland a “Southern State”, temp upper 90’s and humidity in the 70’s.   Banana plant is loving this stuff.  It has not rained in several days, enough that Lake Bennett has left a soggy bottom and a large patch of dead weeds/grass.  When I spray my “lawn” with weed-B-Gone the lawn dies, no green until the weeds return.

  16. and what did you do this summer on your vacation?

    from daily mail mit pretty pictures:
    Obama is in Martha’s Vineyard while Theresa May is hiking in Switzerland: Where the world’s most powerful people have gone for their summer holidays

     PM Theresa May has continued her tradition of taking an Alpine break
     Barack Obama is in affluent enclave Martha’s Vineyard for a 16-day break
     Angela Merkel and her husband have been spotted in Italy’s mountains

  19. due to the olympic coverage we ‘ve watched CNN a bit  argggggggggggggggggggggggggggg Puppet Harlow  does not understand what fair is – it is not repeating one charge from each campaign especially is one of the charges is bogus

  20. Poobah, don’t be too hard on yourself.  I’m over the cold sweats and shakes and am happy to be back home.

    IMHO, Hillary was right to compare/contrast her economic plan with drumpf’s.  She’s running against him and it is not likely that the average Joe could digest a wonkish economic plan speech and draw any conclusions from it, let alone compare it to drumpf’s plan.  I look at her speech as something akin to an empty chair debate, AND she got to drive home the “death tax” BS and that the economic program of drumpf is a disaster that is crafted for the rich guys.

  21. omg if you are reporting the Clinton Foundation story without saying why no charges were brought you are not a journalist but a hack and a sorry one at that

  22. Life is good. Just found out what Facebook charges to remove a bogus facebook page made in one of your email accounts.  $59.

    All they have to do is delete the account with a single click.  Alas, clicking the mouse costs $59.  I told him “may you have great sex with a monster garbage can”  or something like that.  I am doing creative things to stop the attack behind the scenes.  But, for anyone who experiences someone making a facebook account in your email like this, watch out.  Facebook will drain you at $59 per bogus account.

    Just watched a commercial for New Orleans.  Other than the rain it has to be cooler than Washington? eh?

     

  23. BB, only because of the rain would NO LA be cooler than DC, from a temperature perspective at least.  NO is a pretty cool town, except in July, August & early Sept., when you can’t find any air in the air, just moisture, and it stays around mid to upper 90s for 3 months.

  24. The Trumpetters are starting to  look frayed  Kelley Ann Conway looking really bad and another Liar for

    trump

  29. Being handsome inside doesn’t necessarily make you handsome outside, but being ugly inside does create some particularly bad facial karma sometimes.

  30. Toby Dog seems to bear a faint resemblance to the legendary Poupon d’Fleur, stirred a little splinter in me old heart……

  32. Worked all day at co-operative tent at the fair.   The heat index was….  never mind…  just know that I melted.  I have to do the same thing tomorrow.   Won’t have much time to participate here until Monday.

    Everyone take care…

  36. My favorite part of those old funnybooks was that one page where readers would write in trying to catch the writers in some kind of contradiction…….

     

  37. a bit from  Alexandra petri‘s imagining a worried Hillary in late nite chat with her team

    Hillary: I just wonder — should I do more?

    Ready4Hillary: Trust me. No. Just do your debate prep in case he actually shows, tweet a little and keep focusing on Not Being Donald Trump. You’re so good at that. You’ve done that all your life. You could do it in your sleep. It’s what America wants from you.

    Hillary: You think so?

    Ready4Hillary: Think of it this way. If you asked someone, “Would you like to climb into an old scow full of garbage?” most people would say “No.” But if you say, “Would you like to be saved at any cost from the apocalyptic flood that is rising to destroy your city?” most people would say “Yes.” The trick is to focus on the second thing and not be too specific about the first thing. Okay?

    Hillary: am I the garbage scow in that analogy?

  38. thanks all for the well wishes, it means  a lot.  you lawyers out there will enjoy this- the steamship sent me a lovely bouquet of flowers “we hope you’re feeling better, the steamship authority”

  39. Any dog with a home is a lucky dog.  We have 2 malamutes and a St. Bernard.  Just adopted a mut from the pound to keep them company (was on the kill list).  Wife asked what I should name her.  I said Jaba.  She named her Jada.  Didn’t want any of the “jaba hut talk”.  Too late ;o) – I’mma gonna call her Jabba the Hut!

  40. Y’all don’t have to worry about Ms Hillary…..girl’s so sharp she could slice the pucker off a gnat’s ass.

  41. It’s OK to be in the dog house – been there so much I’ve decorated the damned thing.

     

  42. Donald the Drumph just blew his dog whistle very loudly.  He can only win Pennsylvania if there is “cheating in certain parts of the state and they are voting 10 times.”  “You people (all those white people at his rally) need to go there and make sure they don’t cheat and to let us know if need to call in the police.”

    Wonder how Rancid is going to walk this one back to somewhere near sanity.

     

  46. a little diversion from dave barry: RIO DE JANEIRO

    Let us stroll down to Copacabana Beach and join the party that has been going on nonstop since approximately 1565.

    It’s a wonderful scene, a seaside carnival. By day tens of thousands of sunbathers lounge in the soft sand, tended by an army of vendors passing among them, selling snacks, candy, ice cream, water, beer, cocktails, selfie sticks, sunglasses, phone chargers, henna tattoos, hats, flags, jewelry, Christ the Redeemer towels, a truly spectacular array of cheeseball souvenirs and much, much more — all of it, always, at a “special price.” You can get pretty much anything you want here without leaving the beach. I would not be surprised to be approached by a vendor selling reverse mortgages.

    My favorite vendors are the guys selling bikinis, which they display dangling by the dozens from an umbrella, so they look like a walking bikini tree. The bikinis range in size all the way from extra small to subatomic.

  47. realclearpolitics:

    We’ve reached that point in the campaign where everyone is suddenly afraid to state the obvious. What we need is a truth teller. Someone who all he does is tell the truth.

    You know, like The Donald. [….]

    In any case, the man who famously says all he does is win is ready to face the prospect that he might lose.

    Asked on CNBC about his poor poll numbers and what he can do to change things up, Trump said, “Just keep doing the same thing I’m doing right now and at the end, it’s either going to work or I’m going to, you know — I’m going to have a very, very nice, long vacation.”

    Does this sound like a crazy man out of touch with reality? Or just a carnival barker worried that his shtick is starting to fail him who knows that it’s the only shtick he’s got?

  48. Yeah. Pennsylvanian elections are soooooo crooked they make Corsican elections look honest. However, they aren’t crooked enough to make Mr Bankruptcy seem honest.

    He sez : You’ve gotta keep an eye on those polling areas where they all look alike, and can vote 5 times.

    A few years ago I was in Philly to interview for museum job. Early one AM I was in a No Philly McDonald’s and about 5 elderly male white whiners were yakking about the ‘damn niggers.’

    trumpissters even get away with that kind of talk in North Philadephia, fur christ christie’s sake !

    The deadbeat is ready for a straitjacket.

  49. The entire sexist, racist, religious crusadist, ripper party is ready for a straitjacket.

  52. RuPaul just gave the most politically pragmatic endorsement of Hillary Clinton
    by German Lopez
    Asked about his feelings on Democrats and Hillary Clinton by E. Alex Jung at Vulture, RuPaul replied:

    I fucking love them. I have always loved them. And let me just say this: If you’re a politician — not just in Washington but in business and industry, you have to be a politician — there are a lot of things that you have to do that you’re not proud of. There are a lot of compromises you have to make because it means that you can get this other thing over here. And if you think that you can go to fucking Washington and be rainbows and butterflies the whole time, you’re living in a fucking fantasy world. So now, having said that, think about what a female has to do with that: All of those compromises, all of that shit, double it by ten. And you get to understand who this woman is and how powerful, persuasive, brilliant, and resilient she is. Any female executive, anybody who has been put to the side — women, blacks, gays — for them to succeed in a white-male-dominated culture is an act of brilliance. Of resilience, of grit, of everything you can imagine. So, what do I think of Hillary? I think she’s fucking awesome. Is she in bed with Wall Street? Goddammit, I should hope so! You’ve got to dance with the devil. So which of the horrible people do you want? That’s more of the question. Do you want a pompous braggart who doesn’t know anything about diplomacy? Or do you want a badass bitch who knows how to get shit done? That’s really the question.

  55. Trump shouldn’t use sarcasm. I don’t think the people at his rallies are smart enough to know what sarcasm is. Sturgeone, you have a way with words. 🙂

  57. wapo editorial :

    Trump refuses to disclose his bundlers. What is he hiding?

    Why the secrecy? With respect to bundlers, Mr. Trump might not want to draw attention to the special interests now backing him, and some of his bundlers might (understandably) be embarrassed to be outed. With respect to his tax returns, the candidate may not want to reveal that his business is not as successful as he claims, that he is stingy with charity or that he has compromising business relationships in Russia or elsewhere overseas.

    No matter the reasons, Mr. Trump’s refusal to meet essential standards of transparency expresses contempt for the democratic process and erodes crucial norms. If voters reject him in November — and his secrecy provides yet another reason they should — we hope future presidential candidates will conclude that these traditions are not so easily discarded.

  61. Tony

    LOL

    Make it a bumper sticker

     

    I support the Badass Bitch, that gets Shit done!

     

     

  63. Jack

    Hey, yep, great bumper sticker, you bet.. Ru gave a sincere, straight to the point reason to vote for Dems and HRC.. Love it ?

  64. A little while ago, heard the Italian anthem at the Olympics. I expected to see horses parading across the stage. A slightly different version:

     

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