Clinton Speaks about Diversity in Silicon Valley

Hillary Clinton returned to political form on Tuesday when she spoke at the Professional Business Women of California Conference in San Francisco, California. Clinton spoke to a crowd of over 3,500 before sitting down for a conversation with Susie Tompkins Buell. During her speech, Clinton spoke about the need for all Americans to resist the rhetoric of President Donald Trump and his administration. She also urged everyone to continue to fight against the repeal of the Affordable Care Act and contact Congress. She said, “Resist, insist, persist, enlist.”

The majority of her speech focused on diversity in the workplace and the need for equal pay for women and paid family leave. She urged the business leaders in the room, most of them from Silicon Valley, to lead the way forward in granting employees paid family leave and maternity leave. Clinton criticized the Trump administration and Congress for attempting to roll back health care coverage for women. She said that when the Republican health bill failed last week it “was a victory for all Americans.” But Clinton warned “the other side never quits. Soon or later they’ll try again, and we will need to fight back twice as hard.” Watch a video from the event below.

For all the latest, follow our Scheduled Events page and follow the Clintons on Twitter @HillaryClinton, @billclinton, and @ChelseaClinton. You can also follow Hillary on Facebook and Instagram.

News Source: Recode, CBS SFBayArea, TechCrunch, SF Gate

Hillary Clinton Announces New Middle Class Tax Cut

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On Tuesday, Hillary Clinton announced a new plan that will expand tax relief to families with young children. The plan is outlined in the following release from Hillary for America:

As part of her plan to build an economy that works for everyone, not just those at the top, Hillary Clinton is announcing today a new expansion of the Child Tax Credit for families with young children. She will double the Child Tax Credit to a maximum of $2,000 per child up to and including age 4, and she’ll expand access to millions more families. As many as 15 million young children will be eligible for the credit of up to $2,000 – and millions more people will benefit from additional relief. And this is only a down payment on further relief for middle-class families.

“Hard-working, middle-class families are struggling with rising costs for child care, health care, caregiving and college,” said Clinton. “This new tax credit will make their lives a little bit easier and help restore fairness to our economy.”

Clinton has previously announced middle class tax relief in the form of an up-to-$5,000 credit for families with excessive out of pocket health costs, and up to $1,200 for families caring for parents and grandparents.

Specifically, Clinton is announcing today that she will:

  • Double the Child Tax Credit from $1,000 to $2,000 for each young child. Right now, the Child Tax Credit gives millions of families up to $1,000 per child each year to help cover all the burdens they face. Clinton will double the maximum credit to $2,000 for each young child up to and including age 4.
  • Expand Child Tax Credit refundability so millions more working families get additional relief. Under our current system millions of families do not qualify for the full credit or get very little benefit because they simply do not make enough money, since the tax code excludes the first $3,000 in earnings in determining whether a working family is eligible for refundable relief. Clinton will lower the threshold for refundability from $3,000 to the first dollar of earnings for families with children of all ages, so every working family can benefit. And she will increase the phase-in rate to 45% from 15% for families with young children. According to the nonpartisan Urban Institute, the credit is structured so that families at the low end of the income distribution do not receive the full credit, and those families that are left out are more likely to be African-American and Latino. Improving refundability and increasing the phase-in rate will help close this gap and increase the overall fairness in the system.
  • Provide further tax relief for middle-class families, including those without children, and with older children: Clinton believes we should go further than doubling the Child Tax Credit for young children. The expansion Clinton is calling for today is a down payment on her overall vision for tax relief for middle-class families. Clinton believes we should further expand the Child Tax Credit for families with older children, and expand refundable relief for low-income workers without children.

Clinton’s plan will be fully paid for by her proposals to ensure the wealthy, Wall Street, and big corporations pay their fair share. And like the current Child Tax Credit, it will phase out for higher-income families.

Refundable tax credits like the Child Tax Credit reward work, lift families out of poverty, and improve lifelong outcomes for kids. Studies have shown that the Child Tax Credit helps lift millions of Americans out of poverty each year. Not only does the Child Tax Credit help fight poverty for families in the year that they qualify for the tax cut, its effects can be seen for many years later. Parents in families that receive refundable credits like the Child Tax Credit are more likely to be in the labor force and contribute to the economy. Children in those families do better in school, are more likely to go to college and earn more when they become adults.

Clinton’s proposals to expand relief for hard-working families with children stand in strong contrast to Donald Trump’s plans. Because Trump’s child care and maternity leave plan gives far more to high-income families than middle-class families struggling with costs, and his tax plan rolls back dependent exemptions and other relief for parents with children, it would actually raise taxes on 8 million middle-class families to fund his tax cuts for the rich and multinational corporations, and $4 billion for his own family.

Specifically, hard-working families that get tax relief under Clinton’s plan would see tax increases, or a much smaller tax cut, under Trump:

  • A single parent earning $75,000 per year, with two young children, and $8,000 in childcare costs would see a $1,640 tax increase under Trump, and $2,000 in tax relief under Clinton’s plan. A recent academic analysis found that compared to current law, Trump’s plan would raise taxes on this family by $1,640, because it eliminates personal exemptions and the head-of-household filing status. Clinton’s expansion of the Child Tax Credit would give them an extra $2,000 in tax relief.

According to the same analysis, a married couple earning $50,000 per year, with two young children, and $8,000 in childcare costs would get a $93 tax cut under Trump’s plan, and $2,000 in tax relief under Clinton’s plan.

For all the latest, follow our Scheduled Events page and follow Clinton on TwitterFacebookYouTube, and Instagram. Also, be sure to subscribe to the campaign’s official Podcast, With Her.

News Source: The Wall Street Journal

Hillary For America’s Response to Trump’s Inaccurate Ad

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On Thursday, Hillary for America responded to an ad from Donald Trump that characterized a number of Trump’s key policies. Hillary for America Deputy Communications Director Christina Reynolds responded to the ad with the following statement and breakdown of the claims made.

“Another day, another false ad from Trump. The truth is Trump’s plan actually raises taxes on millions of middle class families, especially working single moms and dads, and showers the wealthy with huge tax cuts. Hillary Clinton has pledged not to raise taxes on the middle class and will work to build an economy that works for everyone, not just those at the top. This stands in strong contrast to Donald Trump, who apparently did not pay a cent in federal income taxes for nearly 20 years and is now trying to hide the fact that his economic plan represents a huge boon to the very wealthy.”

TRANSCRIPT

TRUMP RECORD

VOICEOVER: What does electing Donald Trump president mean for you? Families making $60,000 a year? You get a 20% tax rate reduction.

SUPER: Donald J. Trump Tax Plan, DonaldJTrump.com

MILLIONS OF FAMILIES, INCLUDING SINGLE PARENTS, WOULD SEE TAX INCREASES UNDER TRUMP’S TAX PLAN

Washington Post: “More Than Half Of America’s Single Parents And One-Fifth Of Its Families With Children Could See Their Federal Income Taxes Go Up Under Republican Donald Trump’s Revamped Tax Plan.” “More than half of America’s single parents and one-fifth of its families with children could see their federal income taxes go up under Republican Donald Trump’s revamped tax plan, according to a new analysis of the plan by a New York University professor who previously served as a tax specialist for the Obama administration and the Senate Finance Committee.” [Washington Post, 9/24/16]

Washington Post: “The Analysis Estimates That More Than Half Of Single Parents Would See Tax Increases.” “The analysis estimates that more than half of single parents would see tax increases, because Trump eliminates what is called ‘head of household’ filing status, which gives single parents a higher standard deduction and lower rates than they otherwise would have had. Other researchers have also flagged that possibility. ‘Single parents get hit with all three of the tax increases under Trump’s plan’ — the loss of personal deductions, the loss of head-of-household status and higher rates on some income — said Harry Stein, the director of fiscal policy for the liberal Center for American Progress Action Fund, who has written about the potential effects of the Trump plan.” [Washington Post, 9/24/16]

POLITIFACT SAID IT WAS TRUE TO SAY EXPERTS FOUND TRUMP’S TAX PLAN COULD RAISE TAXES ON SOME MIDDLE CLASS FAMILIES

PolitiFact Said Hillary Clinton Was Correct In Saying Independent Experts Found Trump’s Tax Plan Would Add $5 Trillion To The Debt And Disadvantage Middle Class Families. “Clinton said that, according to ‘independent experts,’ Trump’s tax plan ‘would blow up the debt by over $5 trillion and would in some instances disadvantage middle-class families compared to the wealthy.’ Batchelder’s past work for Senate Democrats and the Obama White House may lead some to question whether she is an ‘independent expert.’ But her estimate of the debt increase was mirrored by findings by the more conservative Tax Foundation and the deficit-hawk Committee for a Responsible Federal Budget. And the Tax Foundation said Batchelder’s analysis of tax increases for some families seemed ‘reasonable.’ We rate Clinton’s statement True.” [PolitiFact, 9/27/16]

VOICEOVER: Working moms? You get paid maternity leave and an average $5,000 childcare tax reduction. TRUMP’S MATERNITY LEAVE POLICY WOULD LEAVE OUT SINGLE MOTHERS, FATHERS AND ADOPTIVE PARENTS

Ivanka Trump Said Her Father’s Paid Maternity Leave Was Meant To Help “The Mother Who Has Given Birth To The Child If They Have Legal Married Status Under The Tax Code.” Q: “OK, so when it comes to same-sex—” IVANKA TRUMP: “So it’s meant to benefit, whether it’s in same-sex marriages as well, to benefit the mother who has given birth to the child if they have legal married status under the tax code.” Q: “Well, what about gay couples, where both partners are men?” IVANKA TRUMP: “The policy is fleshed out online, so you can go see all the elements of it. But the original intention of the plan is to help mothers in recovery in the immediate aftermath of childbirth.” [Cosmopolitan, 9/14/16]

Trump’s Plan Specifically Provides Leave To Mothers, Not To Fathers Or To Those Who Need Paid Leave To Care For A Seriously Ill Family Member. “What about dads? The plan applies to women — specifically, mothers. It doesn’t apply to fathers or those who have to care for a family member with a serious illness, unlike the existing federal legislation. ‘Trump frames it as maternity leave. We don’t target a specific gender under the family paid leave program in the U.S. It’s available to a families as a whole,’ noted Mathur.” [NBC News, 9/14/16]

TRUMP’S CHILD CARE PLAN PROVIDES A DEDUCTION UP TO A STATE’S AVERAGE COST OF CHILD CARE – NOT A REDUCTION OF $5,000

Trump Campaign: “The [Childcare] Deduction Would Be Limited To The Average Cost Of Child Care… The Deduction Would Be Limited To $5,000 Per Year.” “The exclusion would apply to a variety of different kinds of childcare—institutional, private, nursery school, afterschool care, and enrichment activities—affording choice to parents. The deduction would be limited to the average cost of childcare in the state of residence for the age of the child. […] Similarly, the Trump plan would also allow an above-the-line deduction for eldercare costs necessary to keep a family member working outside the home. It would apply to costs like home care or adult day care costs for elderly dependents when those expenses are needed to keeping family members in the workforce. The deduction would be limited to $5,000 per year.” [Donald Trump Childcare Plan, accessed 10/6/16]

A FAMILY MAKING $60,000, SUBJECT TO A 15% INCOME TAX RATE, WOULD SAVE $750 – BECAUSE 15% OF $5,000 IS $750

Joint Filers Making $60,000 Are Subject To A 15% Tax Rate. [Internal Revenue Service, accessed 10/6/16]

TRUMP’S CHILD CARE PLAN WOULD HELP THE RICH FAR MORE THAN THE MIDDLE CLASS

Under Trump’s Plan, Wealthy Families Making $500,000 A Year Would Get A Child Care Tax Break Over 2.6 Times Larger Than The One A Family Making $60,000 Would Get. “The centerpiece of Trump’s child care plan is a tax deduction, which is simply the wrong policy for making child care affordable, since it will always offer the most help to those who need it the least. For example, under Trump’s plan, wealthy families making $500,000 would get a child care tax break that is 2.64 times larger than the same tax break for a family making $60,000. Put another way, Trump would give the wealthy family a tax deduction worth $39.60 for every $100 they pay for child care, since they are in the 39.6 percent tax bracket. Meanwhile, the middle-class family in the 15 percent tax bracket would get a tax deduction worth only $15 for every $100 spent on child care. Even if the middle-class family spends the same amount as the wealthy family for child care, the wealthy family’s tax cut is much larger.” [Harry Stein, US News, 9/14/16]

TRUMP’S CHILD CARE PLAN WILL “BARELY MAKE A DENT” IN THE CHILD CARE COSTS OF FAMILIES WHO DON’T PAY INCOME TAXES

Trump’s Child Care Tax Deduction Wouldn’t Help The 44 Percent Of Families That Don’t Pay Income Taxes, And Trump’s Solution To That, An Annual Rebate “Will Barely Make A Dent” In Most Child Care Bills. “And tax deductions do nothing for the 44 percent of families that don’t earn enough to pay income taxes. Trump’s solution for accommodating these lower-income families is to offer a rebate of $1,200 per year. With average child care expenses exceeding the cost of rent and college tuition in most states, this rebate will barely make a dent in most families’ child care bills.” [Vivien Labaton, CNBC, 9/14/16]

TRUMP’S TAX DEDUCTIONS WOULDN’T HELP FAMILIES PAY CHILD CARE COSTS ON A WEEKLY OR MONTHLY BASIS

Trump’s End-Of-Year Tax Break Wouldn’t Help Families That Pay Child Care Costs On A Weekly Or Monthly Basis. “Second, most families have to pay their child care provider weekly or monthly, so an end-of-year tax break is no help. Trump’s child care plan assumes parents can pay thousands of dollars up-front each month to even qualify for his deduction, and then wait up to a year to get reimbursed. When you’re struggling every week to make ends meet, an end-of-year deduction or rebate is too little too late.” [Vivien Labaton, CNBC, 9/14/16]

TRUMP CLAIMED HE OFFERED CHILD CARE FOR HIS EMPLOYEES, BUT IT WAS ACTUALLY A PROGRAM FOR RESORT GUESTS TO GET AMENITIES LIKE CHILD SPA SERVICES

“Trump Kids” And “Trumpeteers” Were Programs For Guests Of Trump’s Hotels And A Golf Club, Not His Employees. “The billionaire real estate mogul, who previously voiced his opposition to government-funded universal pre-K programs, said in Newton, Iowa, in November 2015 that he had visited many companies that offered workers on-site child-care centers — and added that he offered such programs himself. […] Trump pointed specifically to two programs: ‘They call ’em Trump Kids. Another one calls it Trumpeteers, if you can believe it. I have ’em. I actually have ’em, because I have a lot of different businesses.’ […] But the two programs Trump cited — ‘Trump Kids’ and ‘Trumpeteers’ — are programs catering to patrons of Trump’s hotels and golf club. They are not for Trump’s employees, according to staff at Trump’s hotels and clubs across the country.” [Associated Press, 8/11/16]

VOICEOVER: Business owners, your taxes get cut from 35% to 15% so you can expand and create more jobs. TRUMP PLEDGED TO LOWER THE CORPORATE TAX RATE TO 15%, AND MAKE PASS THROUGH INCOME SUBJECT TO THAT RATE, WHICH COULD SAVE HIM MILLIONS

HEADLINE: “Donald Trump’s New Tax Plan Could Have A Big Winner: Donald Trump’s Companies” [Washington Post, 8/10/16]

CBPP: “Mr. Trump’s Plan Would Set The Individual Tax Rate On Pass-Through Business Income At 15 Percent, Ten Percentage Points Below His Proposed 25 Percent Top Tax Rate On Ordinary Income.” “Mr. Trump’s plan would set the individual tax rate on pass-through business income at 15 percent, ten percentage points below his proposed 25 percent top tax rate on ordinary income.  If the ability to escape a 2.9 percent payroll tax (the payroll tax rate that would otherwise apply) encourages wealthy pass-through business owners to reclassify their labor earnings as ‘business’ income, a ten percentage-point tax-rate differential would provide a far greater incentive for such taxpayers to try to classify more of their ordinary earnings as pass-through business income.” [Center On Budget And Policy Priorities, 8/8/16]

Tax Policy Center Expert: Pass-Through Provision “Is A Really Nice Deal” For Trump. “’It’s a really nice deal’ for Trump and pass-through owners like him, said Roberton Williams, a senior fellow at the nonpartisan Tax Policy Center.” [Washington Post, 8/10/16]

Trump Claimed His 2015 Income Was “In Excess” Of $557 Million Excluding Dividends, Interest, Capital Gains, Rents, And Royalties. “Mr. Trump’s income as reported in the PFD statement is in excess of $557 million (which does not include dividends, interest, capital gains, rents and royalties). Mr. Trump’s net worth has increased since the last statement was filed in July of 2015. As of this date, Mr. Trump’s net worth is in excess of $10 billion dollars.” [Donald Trump, Press Release, 5/17/16]

VOICEOVER: Donald Trump. Prosperity for you, America great again. TRUMP’S ECONOMIC POLICIES WOULD PUSH AMERICA TOWARDS A RECESSION AND LEAD TO 3.5 FEWER MILLION JOBS

A Moody’s Analytics Report On Trump’s Economic Proposals On Taxes, Trade, Immigration And Spending Found That Trump’s Policies Could Sharply Reduce Economic Output And Reduce Employment By 3.5 Million Jobs During His First Term. “A new analysis concludes Donald Trump’s economic proposals, taken at face value, could produce a prolonged recession and heavy job losses that would fall hardest on low- and middle-income workers. The Moody’s Analytics report, which a person close to the Trump campaign strongly disputed, is the first that attempts to quantify the cumulative economic benefits and costs of Mr. Trump’s proposals on taxes, trade, immigration and spending. It determines that full adoption of those policies would sharply reduce economic output during his first term and reduce employment by 3.5 million jobs.” [Wall Street Journal, 6/20/16]

Moody’s Concluded That Trump’s Trade And Immigration Policies Would Sharply Boost The Prices Of Labor And Goods And Contribute To A Recession In 2018. “The report singles out trade and immigration policies as the most detrimental to the economy in the short run because they could sharply boost labor and goods prices at a time when there’s less slack in the labor market. ‘It is a massive supply shock to the economy that’s very pernicious, and the Fed doesn’t know how to respond to that,’ said Mr. Zandi. Moody’s concludes that those price pressures would force the central bank to raise interest rates at a faster-than-desired pace, contributing to a recession in 2018 that could produce a 25% drop in the S&P 500.” [Wall Street Journal, 6/20/16]

TRUMP REPEATEDLY CLAIMED AMERICAN WAGES WERE ALREADY “TOO HIGH”

Trump Opposed Raising The Minimum Wage Because: “Wages Too High, We’re Not Going To Be Able To Compete Against The World.” Trump said he wouldn’t raise the minimum wage, and the reason is that America ‘is a country that is being beaten on every front.’ The problem, he said: ‘Taxes too high, wages too high, we’re not going to be able to compete against the world. I hate to say it, but we have to leave it the way it is. People have to go out, they have to work really hard, and they have to get into that upper stratum.’” [The Week, 11/10/15; Republican Primary Debate, Milwaukee WI, 11/10/15]

Trump: “We Have To Become Competitive With The World.  Our Taxes Are Too High, Our Wages Are Too High.  Everything Is Too High.” TRUMP: “But you know what? We have to become competitive with the world.  Our taxes are too high, our wages are too high.  Everything is too high.” [Morning Joe, MSNBC, 11/11/15; The Hill, 11/11/15]

TRUMP PLANS TO ELIMINATE THE ESTATE TAX, WHICH COULD SAVE HIS FAMILY $4 BILLION

HEADLINE: “Trump Pledges To Repeal Estate Tax” [The Hill, 12/5/15]

CNN: Trump’s Family Could Owe $3.997 Billion In Estate Tax. “Donald Trump says that he is worth $10 billion. We’ll go with his numbers, though it is worth pointing out that other estimates put Trump’s net worth around $4.5 billion. Trump falls into the top tax bracket and would owe 40% on his assets above the $5.45 million lifetime exemption, which leaves his estate with a $3.997 billion tax liability. […] So it’s TRUE that 99.8% of Americans would not benefit from the elimination of the estate tax. It is also TRUE that Trump’s family could owe just less than $4 billion in estate taxes if the family does not use any loopholes or exemptions.” [CNN, 9/25/16]

TRUMP’S TAX PLAN WOULD CREATE A NEW LOOPHOLE FOR REAL ESTATE DEVELOPERS, COSTING MORE THAN A TRILLION DOLLARS

New York Times: “It’s Hard To Imagine A Tax Code More Favorable To Real Estate Developers Than The One We Already Have. Donald Trump Has Come Up With One.” [James Stewart, New York Times, 9/1/16]

New York Times: Trump’s Tax Plan “Piles On New [Tax Breaks] For Real Estate Developers Like Mr. Trump Himself — At An Estimated Cost Of More Than $1 Trillion In Tax Revenue Over A Decade.” “Thanks to some major loopholes in the existing tax code that treat real estate developers as a special privileged class, it’s entirely possible (even likely) that Mr. Trump pays little or no federal income tax. But Mr. Trump’s new tax proposal doesn’t just preserve those breaks, it piles on new ones for real estate developers like Mr. Trump himself — at an estimated cost of more than $1 trillion in tax revenue over a decade.” [James Stewart, New York Times, 9/1/16]

Republican Economist Douglas Holtz-Eakin: “If You Want To Create A Recipe For An Abusive Tax Shelter, Take Those Elements And Bake For 15 Minutes.” [James Stewart, New York Times, 9/1/16]

TRUMP (V/O): I’m Donald Trump and I approve this message.  

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HFA Release on Trump’s Policies

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Leading up to tonight’s presidential debate between Republican Donald Trump and Democrat Hillary Clinton, Hillary for America released a series of responses to Trump’s proposals on the economy, taxes, child care, maternity leave, foreign policy, health care, immigration, trade, and the Veterans Administration. A copy of the release is below.

In a prebuttal to the first presidential debate, Hillary for America released a review of Donald Trump’s few policy proposals from experts and journalists, who have judged them variously as incoherent, unrealistic, excessively costly, and devastating for working families – where he has even bothered to address the issues at all. Whether it’s a dangerous immigration plan based on mass-deportation and a “great and beautiful wall,” a half-baked child care plan that would leave millions of middle-class families to fend for themselves, tax and economic proposals to benefit the rich and explode the national debt while leaving middle-class families holding the bag, or a broader economic agenda that would plunge our country into recession and cost us millions of jobs — Trump’s policy proposals have been panned by experts and critics across the political spectrum.

ECONOMIC PLAN

Donald Trump’s economic playbook has only one trick: to get ahead and stiff others. From a decades-long pattern of scamming small businesses and outsourcing jobs, to a proposal to cut taxes for billionaires like himself and his family at the expense of everyone else, Trump’s self-serving strategy is clear. According to a former economic advisor to John McCain, Trump’s policies would destroy nearly 3.5 million jobs. In fact, economists and business leaders across the political spectrum agree that his economic plan would plunge our country back into recession.

Mark Zandi of Moody’s Analytics: The economy will be significantly weaker if Mr. Trump’s economic proposals are adopted:

“Quantifying Mr. Trump’s economic policies is complicated by their lack of specificity…Mr. Trump’s economic proposals will also result in larger federal government deficits and a heavier debt load…. the economy will be significantly weaker if Mr. Trump’s economic proposals are adopted…four basic conclusions regarding the impact of Mr. Trump’s economic proposals can be reached: 1) they will result in a less global U.S. economy; 2) they will lead to larger government deficits and more debt; 3) they will largely benefit very high-income households; and 4) they will result in a weaker U.S. economy, with fewer jobs and higher unemployment.”

WSJ: Economists Who’ve Advised Presidents Are No Fans of Donald Trump:

“Republican presidential nominee Donald Trump…garners no support from any of the White House economists who have advised U.S. presidents for the past half-century. The Wall Street Journal this month reached out to all 45 surviving former members of the White House Council of Economic Advisers under the past eight presidents, going back to Richard Nixon, to get their views on this year’s presidential election. Among 17 Republican appointees who responded to Journal inquiries, none said they supported Mr. Trump.

National Association of Business Economics: Business Economists Say Hillary Clinton Is Best for the Economy . . . About 14% picked Mr. Trump:

“A majority of business economists in a new survey said Hillary Clinton is the best choice to oversee the U.S. economy as president. Her Republican rival, Donald Trump, didn’t even come in second.”

Politico: Economists savage Trump’s economic agenda:

“…if Trump’s policies were enacted it would be some form of disaster for the economy. If you force 11 million undocumented immigrants to leave in a year, you would be looking at a depression. It would not help the people he is talking to, they would be the first to go down.”

Washington Post Editorial: Trump’s economic plan goes from worse to bad:

“[Trump’s] prescriptions have progressed from preposterous to merely intellectually dishonest; their foreseeable impact on the U.S. economy, from destabilizing to merely dangerous.”

U.S. Chamber of Commerce: Does a recession sound ‘great’ to you?:

“For those keeping track, under Trump’s trade plans, we would see higher prices, reduced spending power, fewer jobs, and a weaker economy, both here at home and abroad, according to the analysis. Of course, that’s the last thing our country and the global economy need right now.”

TAXES

Donald Trump has put out so many different tax plans during this campaign that we’re losing count. But his latest effort is more of the same: doubling down on tax cuts that benefit billionaires like himself and his family, while maintaining his Trump Loophole — the massive backdoor tax cut that would let the wealthy pay less than half the current tax rate on a significant portion of their income. He has also proposed a tax cut that would save his own family $4 billion (that is, if Trump is worth as much as he says he is) – while doing nothing for 99.8% of Americans. And even as Trump is exploding the debt by more than $5 trillion with tax cuts weighted towards millionaires and billionaires, his plan includes a bait-and-switch that would result in millions of middle-class families, including half of all single parents, paying higher taxes.

Washington Post: A new study says Trump would raise taxes for millions:

“More than half of America’s single parents and one-fifth of its families with children could see their federal income taxes go up under Republican Donald Trump’s revamped tax plan…”

TPM: Trump’s Economic Plan Runs Afoul Of Deficit Hawks By Ballooning The Debt:

“The organization of deficit hawks projected that Trump’s plans would increase the deficit by $5.3 trillion over a decade.”

Vox: Donald Trump’s “new” tax plan: a giveaway to the rich that he pretends helps the middle class:

“ Long story short: This is big money, going from very successful businesses to their wealthy shareholders, that Trump is proposing to tax at a much lower rate.

Fundamentally, Trump is still offering voters the same approach to taxes he’s been offering all campaign: massive cuts for corporations of all kinds, big rate cuts for top earners, and benefits supposedly aimed at the middle class that offer less than they initially appear to.”

NPR: Analysis: Trump Tax Plan Would Cost Trillions, Boost Incomes For The Rich:

“The right-leaning Tax Foundation released an analysis Monday that said Trump’s campaign would shrink federal revenues by as much as $5.9 trillion over 10 years…In that top 1 percent, the income growth is particularly high — 10.2 to 16 percent.”

Trump claims his irresponsible tax cuts for the wealthy would be paid for by economic growth – but, as we just made clear, his agenda plunges the economy back into recession.

CHILD CARE

Under Donald Trump’s child care plan, close to 80% of families might, at most, get only four cents on the dollar for child care costs—and millions of these families could very well get nothing or even face a tax increase under Trump’s overall plan. This, while Trump’s plan would provide around 40 cents on the dollar or more to taxpayers in the top bracket. It’s no surprise this regressive policy came from the man living in the penthouse of Trump Tower, who has relied on government his entire life to help pad his own pockets.

The Guardian: Trump’s child care plan is good for the rich. But what about the rest of us?:

“Trump’s plan completely fails to address the day-to-day realities of America’s working families, because it fails to address the underlying problem: it does nothing to make child care affordable. In the United States, the average cost of center-based child care for the typical working family with an infant and preschooler is about $18,000, a steep price for families to cover. If a family cannot afford child care, a tax deduction is irrelevant – a family can’t deduct something that they can’t pay for to begin with.”

Esquire: Why Donald Trump’s New Child-Care Plan Is a Joke:

“However, as reporter Jeremy Diamond clarified, the plan does not entail six weeks of full paid maternity leave. Instead, it offers six weeks of full unemployment benefits. Trump also announced a plan for parents to deduct child-care expenses from their income taxes, capped at the ‘average cost of care’ per state, and deductibles for stay-at-home parents.

All said, Trump’s plan is a big government idea very obviously meant to cater to female voters—and very obviously Ivanka’s brainchild.”

Salon: Trump’s child-care policy: A combination of the useless and the inadequate:

“As Trump hinted last month, the centerpiece of his plan is a provision letting parents deduct the costs of child care from their taxes. The problem here is that people who need the most help affording child care — poor and low-income families — frequently don’t have any federal income tax burden. If they’re already paying zero dollars in federal income tax, an extra deduction won’t do them any good; they’ll still be paying zero dollars.”

MATERNITY LEAVE

Trump’s “maternity leave” plan is demeaning and damaging–casting women as the sole caretaker for a child and undercutting women in the workplace. By only providing leave to married mothers who give birth, the plan tells us which parents Trump doesn’t believe count: single moms, women who can’t physically have a child, same-sex couples that use a surrogate, parents who adopt, and all fathers. It’s not only demeaning, it’s also harmful. Studies have shown that providing paid leave to new mothers, but not to new fathers, negatively affects women’s return to the workplace, can discourage employers from hiring or promoting female employees, and can increase the gender pay-gap.

Huffington Post: Trump’s Maternity Leave Plan Is His Biggest Insult To Women Yet:

“Let’s repeat that: Trump’s solution for struggling American families leaves out men. More than any other problem with the plan ― and there are lots ― omitting half the population is its profoundest and most revelatory flaw, confirming once again Trump’s antiquated, sexist and harmful worldview: Men work. Women do the child-raising. The end.”

Vox: Donald Trump’s plan to fund a paid family leave program is totally absurd:

“Since everything we know so far about Trump’s plan fits into two tweets, it’s hard to say for sure what he’s envisioning. But 88 percent of workers right now aren’t covered by family leave, so requiring businesses to pay for it on their own would be a very big burden. And if leave is really “guaranteed,” it’s going to require something more than a tax credit to make that happen.”

VICE: Donald Trump’s Maternity Leave Plan Is a Big Deal, Too Bad It Sucks:

“Another way Trump’s plan falls short of Clinton’s in scope is that it doesn’t do much for the poor. Most of the childcare benefits would come in the form of income tax breaks, which won’t benefit the poorest Americans, who don’t pay income taxes and would have to pony up for childcare up front.”

Washington Post: Why Trump’s maternity leave plan is unconstitutional:

“In sum, if Trump’s maternity leave plan were ever enacted into law, it would likely be struck down by the courts as unconstitutional. Trump has demonstrated utter contempt for constitutional rights and limitations on government power on a shockingly wide range of issues. His discriminatory maternity leave plan is another addition to a troubling list.”

Washington Post: Donald Trump’s new paid maternity leave plan might exclude single mothers: “The plan is discriminating against fathers, fathers and mothers who adopt, LGBT parents and apparently some set of unmarried parents,” said Carmel Martin, executive vice president for policy at the Center for American Progress, a liberal think tank.”

FOREIGN POLICY

Donald Trump hasn’t said much in terms of real plans to keep our country safe. But foreign policy experts agree, the ideas Trump has mentioned are dangerous, reckless, and wrongheaded. Yet Trump continues to spew fact-free rhetoric about global issues that would make us less secure, including consistent claims that he has a “secret” plan to defeat ISIS, threats to break up NATO along with accusations that NATO countries are “ripping off the United States”, and reckless comments on nuclear weapon.

Washington Post: It’s almost like Donald Trump’s secret plan to defeat ISIS never actually existed: “But on the list of things on which Trump have over-promised and under-delivered, this surely ranks toward the top. He promised he had a “foolproof” way of ending a foreign policy challenge of massive consequence, and now he’s punting to the generals.”

Time: Why ISIS Supports Donald Trump:

“The bottom line is this: Trump’s erratic and belligerent slogans are no substitute for policies based on facts and sound judgment.”

PoliticsUSA: The Reviews Are In: Trump ISIS Speech Was Full Of Lies And Gibberish That Made No Sense:

“The consensus among non-partisan observers is that the speech that Donald Trump gave about ISIS was so full of lies, inconsistencies, and gibberish that it made no sense.”

New York Times: Donald Trump Says NATO is ‘Obsolete,’ UN is ‘Political Game’

“President Obama on Friday rebuked Mr. Trump for his comments, saying he worried the real estate billionaire “doesn’t know much about foreign policy or nuclear policy or the Korean Peninsula or the world generally.”

CNN: The danger of Trump’s NATO comments

“The bottom line is this: Trump’s erratic and belligerent slogans are no substitute for policies based on facts and sound judgment.”

CNN: Japan and South Korea hit back at Trump’s nuclear comments

“Howls of inaccuracy came from the South Korean Foreign Ministry, the U.S. ambassador to South Korea, and even the White House.  Ambassador Mark Lippert said Seoul pays for 55% of all non-personnel costs. And former U.S. Ambassador to South Korea Christopher Hill was more succinct. He told CNN, “I don’t know what he’s talking about but clearly neither does he.”

Business Insider: ‘Total catastrophe’: Experts say Donald Trump’s position on nuclear proliferation would be a disaster

“ But experts from two nonpartisan organizations opposed to the spread of nuclear weapons told Business Insider his position would be dangerous. Jeffrey Lewis, the director of the East Asia Nonproliferation Program at the Middlebury Institute of International Studies, said Japan building nuclear weapons would be a “total catastrophe for Japan and US nuclear power programs.”

The Atlantic: With His Finger on the Trigger: The insane risks of Donald Trump’s stance on nuclear weapons:

“Stephen Walt, a prominent realist scholar, has written, “realists prefer to ‘speak softly and carry a big stick;’ Trump’s modus operandi consists of waving the big stick while running a big mouth.” His loose talk during the campaign has already damaged America’s alliances. And on the central question of nuclear weapons, he has clearly exposed himself to be weak-kneed in his acceptance of international proliferation.”

HEALTHCARE

Donald Trump has promised that he would immediately work to repeal Obamacare, taking health insurance away from 20 million people – and letting the insurance companies write the rules all over again. Trump’s suggested healthcare plan would cost hundreds of billions more, would nearly double the uninsured rate and does not address people with pre-existing conditions. Americans cannot afford that.

Newsmax‎: Trump’s Healthcare Plan Could Cost 25 Million Americans Their Coverage:

“Commonwealth Fund, a nonpartisan foundation that studies healthcare, released a study on Friday analyzing the two candidate’s plans. If Trump becomes president, up to 25 million people could lose their coverage, most of them low-income and already in poor health. Under Clinton, 9.6 million more people could gain access to healthcare.”

Chicago TribuneStudy finds 20M would lose health coverage under Trump plan:

“A new study that examines some major health care proposals from the presidential candidates finds that Donald Trump would cause about 20 million to lose coverage while Hillary Clinton would provide coverage for an additional 9 million people.”

CNBCObamacare repeal would lead to 24 million more people without health insurance:

“If the next president and Congress repeal Obamacare — as many Republican elected officials want to do — there could end up being more people without health insurance than before the law went into effect, a new study says. A total of 24 million more people would lose health coverage by 2021 if the Affordable Care Act was repealed, according to the study issued Monday by the Robert Wood Johnson Foundation and the Urban Institute.”

IMMIGRATION

Donald Trump’s immigration plan remains the same as it’s always been: Send a deportation force into American communities to tear apart families and deport 16 million people from the United States—including every undocumented immigrant and American citizens born here to undocumented parents. Experts say Trump’s immigration policies would be detrimental to the economy. Oh, and he wants to ban all Muslims from entering the United States and falsely claims Mexico will pay for his giant concrete wall.

David LeopoldDeconstructing Donald Trump’s horrifying 10-step assault on immigration, due process and other cherished American values: “Rhetorical gymnastics aside, what’s crystal clear after Wednesday’s immigration speech is that Donald Trump’s ugly vision of America would rip American families apart, devastate communities, wreak havoc on our economy, and threaten our security at home and abroad.”

The Daily Pennsylvanian: Trump’s immigration plan would cost 4 million jobs, according to Wharton model:

“If Trump were to deport 10 percent of undocumented workers per year during two terms in office, based on the limitations of the model, the U.S. would have about 156 million jobs in 2030, compared to the 160 million jobs that the country would have with the its current immigration policies.”

Washington Post: Donald Trump’s “Humane” 1950s Model for Deportation, ‘Operation Wetback,’ Was Anything But:   “

Like usual, [Trump] doesn’t know what he’s talking about,” Rodolfo Acuña, professor emeritus of Chicano Studies at California State University, Northridge, told The Huffington Post … Brownell said, ‘Just give them some live ammo, let them shoot a few people. Then everyone will be scared and they won’t come across the border,” he said. “Really humane.”

CityLabThe Price of Mass Deportation; Trump wants to deport 11 million immigrants. Here are the likely economic consequences of that:

California could lose $100 billion of its GDP, annually. Texas could lose $60 billion. New Jersey, $25 billion. All but 5 U.S. states would see at least 1 percent of their GDP disappear each year. The resulting nationwide losses would build up to about $4.7 trillion in ten years.

TRADE

Donald Trump may talk tough on trade, but his own record of outsourcing contradicts his message: Trump clothing in Mexico, Trump ties in China, Trump shirts in Bangladesh, Trump furniture in Turkey and Germany, Trump mirrors in India, Trump barware in Slovenia. Trump even used to defend outsourcing, saying it created jobs in the long run. Meanwhile, Trump’s statements on trade have been either erratic and irresponsible, full of lies, or (occasionally) taken straight from Hillary’s fact sheets and onto his teleprompter.

Throughout this campaign, Trump’s statements on trade have been erratic and irresponsible — full of bluster, empty promises, and recklessness that would put American jobs at risk. Trump repeatedly rejects the idea that Americans can compete and win in the global economy and does not offer a concrete plan to actually create good-paying jobs here in America.

New York TimesWhy a President Trump Could Start a Trade War With Surprising Ease :

“Mr. Trump is proposing a reordering of the global economic system that would fundamentally reshape the structure of American industry. He could start a trade war that would threaten not only American exporters who need access to foreign markets, but also any business that relies on commodities or products made overseas.”

VoxStudy: Donald Trump’s trade policies could cost 4 million jobs:

“The study, from the Peterson Institute for International Economics, attempted to quantify the impact of Trump’s proposed trade policies. Its conclusion: If a President Trump did what Candidate Trump promised, the US economy would lose more than 4 million jobs and fall into a recession.”

The Daily BeastDonald Trump’s Trade Talk Is Garbage—Literally:

“Two powerful groups, the National Association of Manufacturers and the Chamber of Commerce, moved swiftly to condemn Trump’s [trade policy] speech. Both groups often align themselves with pro-business GOP policy makers, and it is especially unusual for them to take on the Republican presidential nominee so directly.”

CNBC: Trump’s trade policies would send US into recession, study says:

“The study released on Monday by researchers at the non-partisan Peterson Institute for International Economics illustrates how, even as the New York businessman pledges to boost growth and create millions of jobs, most mainstream economists view his economic policies as dangerous quackery.”

VETERANS ADMINISTRATION

The policy reforms Donald Trump has proposed would put us on a path toward the wholesale privatization of the Department of Veterans Affairs (VA). Moving towards privatization as Trump’s plan does would gut the VA of the resources needed to provide high-quality, coordinated care. Fully privatizing the VA – the likely result of Trump’s proposals – is not a fix at all; it’s an ideological crusade that will only compound the problem. It would deprive our veterans of access to the specialized care they require and deserve and leave them at the mercy of a private healthcare market that’s ill-suited to handle their needs. And on top of it, Trump has proposed slashing funding for veterans’ health care by 29% within 10 years.

CBPPTrump’s plans would cut veterans medical care by 29%:

“To help pay for his tax cut plan, Republican presidential nominee Donald Trump is proposing to cut total funding for non-defense programs funded through the annual appropriations process by 1 percent below the previous year’s total each year. While this may sound modest, the cumulative cut would be very substantial.  By the tenth year (2026), non-defense appropriations would be about 29 percent below current levels, after accounting for inflation.”

MSNBCDonald Trump Is Serious About Privatizing Veterans’ Care:

“And what about the rest of Trump’s “10-point plan”? The entire list is online, but it’s woefully thin. It’s really just a series of shallow slogans that mean very little, including the first point: Trump intends to appoint a VA Secretary “whose sole purpose will be to serve veterans.”

NPRIs Donald Trump Proposing Privatizing The VA?:

“The other issue with Trump’s broad proposal is the price tag. According to the nonpartisan Committee for a Responsible Federal Budget, Trump’s plan to reimburse vets for visits to any doctor they like would cost half a trillion dollars over 10 years.”

POLL64% of veterans oppose privatization — with 54% of them strongly opposing it — while only 29% support it.

NO POLICY

Donald Trump has run a campaign devoid of detailed plans – instead it’s been full of bluster, empty words, demagogic rhetoric. He has no real plans to improve the lives of the American people or make this country any better or safer.

National Journal: Trump Policy Shop Still Filling in Blanks:

“As debate looms, GOP nominee’s campaign can’t give clear answers to many basic policy questions.”

AP FACT CHECKTrump says Clinton lacks policies. Seriously?

“THE FACTS: By any measure, Clinton has released far more specific plans on far more topics than her GOP rival. Trump’s website currently lays out eight policy positions, including spelling out his “economic vision,” his plans for child care and immigration reform and his plan to “pay for the wall.” Clinton’s offers position on 38 issues for potential voters to read.”

LA TimesClinton has enough policy to fill a book, while Trump has said little about how he’d govern

“To only has Trump offered no plan to tackle mental healthcare, he’s presented the barest of outlines for most of his governing agenda, even as he now accuses Clinton of “running a policy-free campaign,” as he claimed at recent rally in Iowa. Trump’s vague tax, healthcare and national security proposals have baffled experts on both sides of the political aisle who have struggled to make sense of what Trump is offering. Even Trump’s immigration policy, perhaps the signature issue of his campaign, has proved difficult to decipher.”

PoliticoTrump’s One Unbreakable Policy: Skip The Details

“He has boasted that his main policy adviser is himself and the advisers he does have say he doesn’t read briefing papers. He has mocked Hillary Clinton for surrounding herself with “eggheads” and churning out reams of wonky government reform proposals. Senate Majority Leader Mitch McConnell, who will be speaking on Trump’s behalf at this week’s Republican convention in Cleveland, recently said “it’s pretty obvious he doesn’t know a lot about the issues.”

TIMEIn an interview Trump admits he isn’t worried about creating policy as they are “a waste of paper”

“He [Trump] even mocks her focus on putting out so many policy proposals, a longtime tradition for major party nominees. “She’s got people that sit in cubicles writing policy all day. Nothing’s ever going to happen. It’s just a waste of paper.” (The Clinton campaign counts that paper as a point of pride: 73,645 words of policy and counting.)”

NPRDonald Trump’s Policy Positions Lack Specifics … So Far

“Asked Tuesday morning by Savannah Guthrie on NBC’s Today show about his lack of specific proposals, Trump didn’t answer the question and simply pointed to the record ratings he drew for Fox News.”

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