Donald Trump and Hillary Clinton offer dueling economic plans this week. We’ll dive in.
Terrible week for Donald Trump last week. This week, he’s looking to change the tune. On economics. Plenty of Americans feel left out. Trump says he wants to crank it up for everybody. Would he? In a big speech in Detroit he talked tax cuts, more fossil fuels, less regulation and torn-up trade deals. Hillary Clinton blasted back that it’s the same old, tired old trickle-down with a Trump twist. This hour On Point: Donald Trump economics, Clinton’s vision, and America’s choice. -- Tom Ashbrook
From Tom's Reading List
Washington Post: Trump calls for excluding child-care costs from taxation as he tries to turn the page on a bruising week-- "Overall, Trump offered few new details behind his economic vision, which he unveiled as a candidate last year. One notable exception was his call to enable families to "fully deduct" all child-care expenses from their taxes. Some such expenses are already deductible; experts say that the additional amounts will largely benefit middle- and upper middle-class families."
New York Times: We're in slow growth, how did we get here? -- "Like most things in economics, the slowdown boils down to supply and demand: the ability of the global economy to produce goods and services, and the desire of consumers and businesses to buy them. What’s worrisome is that weakness in global supply and demand seems to be pushing each other in a vicious circle."
ABC News: Comparing Trump and Clinton on Economic Issues -- "A rundown of where the two candidates line up on certain hot-button economic topics."
This program aired on August 9, 2016.