Did you know? The Patriot Post is funded 100% by its readers. Help us stay front and center in the fight for Liberty and support the 2024 Year-End Campaign.

July 28, 2015

Hillarynomics: Higher Tax Rates and More Solar Panels

Clinton’s proposals are Obama’s plan on steroids.

Anyone who doubts Hillary Clinton is a socialist need look no further than her economic plan for America. Put simply, her proposals will continue Barack Obama’s path of economic ruin rather than turning the nation toward economic prosperity.

Earlier this month, Hillary made a few economic pronouncements, including bashing Republicans for “trickle-down economics” (a.k.a. capitalism). She also blamed GOP presidents for creating messes for Democrats to clean up, yet she never once mentioned the mess she and her own party created.

Hillary’s initial prescription to solve our nation’s economic woes is to raise the minimum wage, spend more tax dollars on infrastructure and put more women into the workforce. Surely her comments perked up the ears of progressives, but anyone who understands basic economics knows her proposals do nothing to create jobs in a struggling economy.

Now she’s proposed two more facets of her economic agenda, and let’s just say that they are equally terrible.

First, The Wall Street Journal reports Hillary proposes to “nearly double the top tax rate on long term capital gains to 43.4% from 23.8%.” She “wants to overthrow ‘quarterly capitalism,’ the supposed tendency of companies to be preoccupied with earnings reports and stock prices at the expense of investment that pays off over time.” She wants to apply the normal top income tax rate of 39.6% plus the 3.8% ObamaCare surtax to investments sold in less than two years. Sounds terrible, right? Well, it gets worse.

The Journal also notes Hillary’s proposed tax rate on capital gains would be higher than the rate in the 1970s or even during FDR’s New Deal: “She wants to create a sliding scale of higher tax rates that gradually decline depending on how long investors wait to realize a capital gain. For two years, the rate would rise to 43.4%, falling to 39.8% for year three and 35.8% in year four. Investments would have to be held for more than six years to qualify for the 23.8% rate.”

Hillary argues a higher tax on capital means more revenue for the government without torching the economy. But what she and other leftist proponents refuse to acknowledge is that higher taxes imposed on capital gains leave less capital for individuals or private companies to invest in technology, equipment, facilities and, more importantly, jobs.

If she were to be elected as the next president and succeed at implementing her plan, economic growth would slow even more, incomes would stagnate and people would essentially have to wait to cash in on their investment(s) — or be punished. In her twisted view, there is something wrong with individuals and corporations turning a profit. It’s as if because the individual or business was successful it isn’t fair to everyone else. Yet somehow it’s perfectly fair for her to haul in several hundred thousand dollars per speech? And not everyone can make a 10,000% profit on cattle futures.

The second facet of her economic proposal is — you guessed it — climate change. Let’s just say that her proposal is much like Obama’s, but on steroids.

On Sunday, she promised two national goals if elected president. First, she would “set the United States on a path toward producing enough clean renewable energy to power every home in America within a decade.” Second, she would “initiate a process that would bring the total number of solar panels installed nationwide to more than half a billion before the end of her first term.” We truly hope she never sees that first term, because all that proposal will do is line the pockets of cronies in the solar-power industry. But hey, she’s got to repay a favor — the two largest solar contractors in America gave generously to the Clinton Foundation.

Meanwhile, Hillary couldn’t resist the opportunity to blast the GOP on the climate. She claims Republicans answer questions about climate change by deflecting, “I’m not a scientist.” But she did no better, saying, “Well, I’m not a scientist either, I’m just a grandmother with two eyes and a brain.” She forgot to mention she stayed at a Holiday Inn Express last night.

Of course, the “science” behind climate change isn’t science at all; it’s an agenda. Hillary and her fellow climate alarmists need to take the blinders off of their eyes and use what’s left of their brains.

Additionally, she promises to fight back against the Republicans’ attempt to dismantle the EPA’s Clean Power Plan, though she says she’ll try to help those in the coal industry who have or will lose their jobs due to leftist environmental policies.

Gee, that’s terrific. Who in their right mind would believe she will “try to help those in the coal industry”? Remember Benghazi? The last thing most Americans want to hear from Hillary is that she is here to help. Especially since her economic policy proposals for higher tax rates and a landscape plastered with solar panels do nothing but hurt Americans and their prosperity rather than helping them.

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.