(Bloomberg) Donald Trump’s proposed tax plan could provide a short-term boost to the economy before costing more than 690,000 jobs over a decade, while Hillary Clinton’s plan could send job-creation in the opposite direction -- first down, then up, according to a new policy report.
The main reason for the differing outcomes is the plans’ effects on the federal debt, according to the analysis by economists and computer engineers at the Wharton School of Business at the University of Pennsylvania -- which didn’t consider their spending proposals. Trump, the Republican presidential nominee, proposes tax cuts for businesses and individuals, while Clinton, the Democratic nominee, proposes tax increases on the highest earners.
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