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Clinton vs. Trump: 2 Wildly Different Tax, Economic Plans

Moody's economist Mark Zandi analyzes how the candidates' plans on taxes, trade and immigration would affect the economy.

By Natalie Dolce | nataliedolce | | Updated on August 04, 2016
Hillary Clinton Hillary Clinton
Anyone following the presidential campaign knows that the differences between Hillary Clinton and Donald Trump run wide and deep, and that’s clearly the case with their respective economic plans, according to Moody’s Analytics. In an article that talks about an economic analysis of the two campaigns, originally published by GlobeSt.com’s sister publication, ALM’s ThinkAdvisor.com, Moody’s Analytics finds that “Secretary Clinton’s economic policies when taken together will result in a stronger US economy under almost any scenario.” In contrast, it says, “The upshot of Mr. Trump’s economic policy positions under almost any scenario is that the US economy will be more isolated and diminished.” Moody’s Analytics focused on the long-term economic impact of the candidates’ economic plans through 2026 using three different scenarios: • The plans as is • A smaller scale version of the plan • A most likely version following negotiation with Congress The lead author of both analyses is the firm’s chief economist, Mark Zandi , who advised John McCain’s 2008 Republican presidential campaign as well as Congressional Democrats when they were drafting the 2009 economic stimulus plan early in President Barack Obama’s first term. The Clinton and Trump economic plans couldn’t be more different, according to Moody’s Analytics. While Clinton raises taxes on the wealthy, Trump cuts them. Her plan raises revenues by more than $1 trillion over 10 years, while Trump’s plan squeezes revenues to the point that spending has to be reduced by 20% or deficits will rise substantially. Clinton proposes new spending on education, infrastructure, paid family leave and economic development and research. Trump offers no new spending initiatives other than the wall between the US and Mexico. To read more about some of the major differences between Clinton’s and Trump’s economic plans, according to Moody’s Analytics, click here to read the full story on ThinkAdvisor.com.

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