10-11-2016, 03:10 PM
It is sort of amazing that Trump is embraced as the savior of working poor whilst his actual policy agenda (tax cuts for the rich, blanket deregulation, protectionism) will make matters worse for these people.
In fact Hillary's policy actually does help the poor whilst she is seen as tied to the Wall Street elite. While the latter is probably true, it doesn't mean her policy agenda favors them over others:
In fact Hillary's policy actually does help the poor whilst she is seen as tied to the Wall Street elite. While the latter is probably true, it doesn't mean her policy agenda favors them over others:
Quote:On Tuesday, Hillary Clinton unveiled what is arguably among the most important policies she’s announced during her entire presidential campaign. It is an ambitious but politically attainable plan that will lift huge numbers of families with children out of poverty. It is targeted exclusively at the poor, and the extreme poor in particular, with no money spent on the middle class or rich.Hillary Clinton is proposing a policy to tackle deep poverty - Vox
Specifically, Clinton is calling for a change in the refundability threshold of the child tax credit. Those sound like technical changes, but it has tremendous ramifications. Currently, the poorest American families can’t claim the credit, which is a mainstay of the tax returns of most middle-class families. That’s because households that make less than $3,000 a year — the truly, desperately poor — are excluded entirely, and households making under $9,666.67 can’t get the full credit.
Clinton would change the law so that families start getting the credit with the first dollar they earn. That would effectively increase the tax refunds of the poorest families with children. In addition, Clinton would double the credit for children 4 and under, something that helps both poor and middle-class families with young kids, and she’d make the credit phase in much faster for families with kids in that age range.
The plan is not a complete answer to the increase in extreme poverty that’s occurred over the past two decades, but it’s a very good start. And it takes the US closer to the system most other rich countries use of simply giving every family a child allowance of a few thousand dollars per kid every year, no strings attached.