aside, Ohio governor John Kasich says he will stay in the presidential race at least until Ohio鈥檚 March 15 primary. But he鈥檚even in Ohio. Kasich has run largely on his record in Ohio, and particularly his leadership around growing the economy. So, today we take a look at the fine print鈥攖he differences between Kasich鈥檚 and Trump鈥檚 stated economic policies.
The big picture: Depends who you ask
The recession鈥檚 over, but there鈥檚 still a lot of instability and insecurity in markets and in people鈥檚 personal perceptions of the economy. Economic immobility, inequality and a lack of wage growth are concerns for a lot of people, and in.
But Democratic voters have placed a lot more importance on government solutions to poverty and inequality;, and especially higher income ones, don鈥檛 see addressing poverty as a government priority. So, the economic focus for Republicans tends to be more on trade and growing the economy.
Trump v. Kasich on trade
Trump has talked a big game about his personal finances, and that鈥檚 not what we鈥檒l address here鈥攊n terms of policy, he makes trade a central part of his economic platform. Interestingly, he talks about 鈥渇air trade鈥� with China, disparaging Bill Clinton鈥檚 moves towards "free trade" in the 1990s. Trumpexports by a lot, andtalks about putting an end to lax labor and environmental policies in China. How to accomplish all that is trickier: He says he鈥檒l go through the World Trade Organization to target what he says are China鈥檚 violations of trade agreements, and he mentions increasing a military presence in the east and south China sea鈥攖o show China he鈥檚 serious.
Of course, there鈥檚 a lot of disagreement among economists about the benefits of 鈥渇ree trade鈥� as well as the potential for taxation and regulation of trade. What鈥檚 interesting is that Trump鈥檚 platform in that regard almost seems to lean liberal. Some.
Kasich, on the other hand, doesn鈥檛 have a detailed platform on trade. But he鈥檚 spoken out in the past in support of free trade agreements including the one that鈥檚 currently under debate, the Trans Pacific Partnership. Donald Trump
In opposing trade deals, Trump aligns himself with unions and some manufacturing industry folks who feel that shipping jobs overseas has cost them, while Kasich sticks to a more traditionally conservative view of 鈥渇ree trade.鈥�
Trump v. Kasich on taxes
Both Trump and Kasich say they would help out U.S. companies and encourage them to stay here, and both say they鈥檇 cut income taxes and simplify the code.
is a bit more detailed鈥攆our tax brackets that top out at 25 percent. But right now, the highest earners pay quite a bit more than 25 percent; as a result,that about a third of the benefits of Trump鈥檚 proposed tax cuts would go to the extremely rich, the one percent. The bottom 40 percent of earners would see just 5 percent of the benefits of these cuts. But, the tax system remains 鈥減rogressive鈥�, taxing the rich more heavily.
has been pushing across-the-board cuts to Ohio income taxes鈥攂ut he鈥檚 also raised sales taxes to pay for it. That essentially moves the state's taxes away from being progressive, because sales taxes fall more heavily on lower-income people. His, but he says he would cut income tax to a cap that鈥檚 close to Trump鈥檚 cap鈥攁nd again, for top earners, those have the potential to be huge cuts.
Kasich would also increase, called the Earned Income Tax Credit. He鈥檚 passed a state version of that tax credit as well鈥攚hile also calling for more programs to benefit poor people.
And of course, all these are just proposals. In order to pay for his tax cuts, Trump talks about cutting waste fraud and abuse, and eliminating loopholes. It鈥檚 not clear how that will pay for potentiallyin cuts, and expert analyses show.
But for Kasich鈥檚 tax proposals, we don鈥檛 yet have a price tag, so it鈥檚 difficult to compare. A lot of what鈥檚 he鈥檚 talked about on the campaign trail is his record in Ohio鈥攚here he鈥檚 cut taxes, but also cut some programs and services that have really upset people directly affected by those cuts,. He鈥檚 also focused on job growth in Ohio鈥攂ut his campaign-season promotion of Ohio鈥檚 accomplishments never mentions thatin job growth since the Recession.
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