Cantrill: Tax Difference at Heart of Trump, Clinton Plans

The video discusses the contrasting budget plans of Clinton and Trump, highlighting Clinton's focus on infrastructure funded by taxing the wealthy, while Trump's plan emphasizes tax cuts without clear funding. It also covers the potential for a government shutdown due to funding bill disagreements, noting the unlikelihood of a shutdown before elections. The discussion shifts to economic resilience, emphasizing the challenges of low nominal growth and the importance of accurate GDP projections.

What is a key difference between Clinton's and Trump's fiscal plans?

• Trump's plan is fully funded by new tariffs.

• Clinton's plan focuses on reducing corporate taxes.

• Trump's plan includes a reduction in infrastructure spending.

• Clinton's plan is funded by tax increases on the wealthy.

Why is a government shutdown considered unlikely before the election?

• Congress has already passed the funding bill.

• The President has vetoed the shutdown proposal.

• Election year dynamics make a shutdown politically unfavorable.

• Shutdowns are prohibited during election years.

What is a challenge of maintaining economic resilience with low nominal GDP growth?

• It makes debt reduction more difficult.

• It causes a rise in interest rates.

• It leads to increased inflation.

• It results in higher unemployment rates.

How does the Congressional Budget Office's GDP numbers affect economic planning?

• They are ignored by most economists.

• They are often viewed with skepticism.

• They are used to set interest rates.

• They are considered the ultimate authority.

What is a common method for reducing sovereign debt over time?

• Implementing austerity measures

• Increasing interest rates

• Achieving nominal growth

• Reducing government spending