I left out the Dims plans becasue they are appallingly worse. But this shows (again) that Trump is no conservative. And MAGA doesn't GAS.
"The economic platforms of both presidential candidates are littered with antigrowth proposals. ....
Donald Trump is proposing to hold the line on spending and current tax policy but would raise tariffs and pursue an economically destructive immigration policy. ......
Tariffs are fees charged on goods imported by U.S. companies. These increased costs typically result in higher prices for consumers. The hope is that the increase in the relative costs of imports compared with goods produced domestically will lead to a shift toward domestically produced goods. But the benefits of any shift are more than offset by inefficiencies, the higher costs to domestic consumers, and the foreign retaliation that usually occurs. .....
I
in 2018 Mr. Trump imposed tariffs of 25% on steel imports and 10% on aluminum imports, declaring, “Trade wars are good and easy to win.” China retaliated in various ways and Mr. Trump’s promise that manufacturing jobs would suddenly flood back to the U.S. proved worthless. Global trade and production declined and U.S. manufacturing jobs flattened.
Tariffs violate the simple but sound law of comparative advantage. It may be wise to ban trade in sensitive goods related to national security, but Mr. Trump’s fear of bilateral trade deficits with foreign partners is simply economic nonsense.....
Meanwhile, both candidates have pledged
not to touch the benefits and structures of Social Security and Medicare. These are the primary sources of large deficits and mounting government debt. Promising to leave these programs alone may be good short-run politics, but it’s
irresponsibly bad economics.
I’ve prepared side-by-side comparisons of presidential candidates’ economic platforms since 1992. A review of these comparisons makes two things obvious. First, the Democratic Party has moved decidedly leftward. ......
Second, while Mr. Trump’s tax and spending platform is standard GOP stuff,
his proposals on tariffs and immigration move the party away from its traditional embrace of free enterprise. His mass-deportation plan is impractical and antithetical to economic growth in a nation whose population is aging.
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