WHY WE SUPPORT HILLARY CLINTON FOR PRESIDENT
We as a nation face a major economic problem that threatens our democracy—drastic increases in income inequality have created a deep malaise among many Americans who are increasingly excluded from the promise of a better future.
The facts are clear: the share of all income going to the top 1% of income earners increased from 10% in 1981 to 23% in 2007, and was still 22% in 2015. The share of the top 10% of income earners increased from 35% to 50% in 2007, and remained at 50% in 2015. Since the mid-1970s, US family incomes increased by 1.2% per year, but 58 percent of that increase went to the top 1%. During the Bush expansion in 2002-2007, family incomes increased 3% per year, but a record 65 percent of that increase again went to the top 1%.
Sure, it is better to average 3% growth than 1.2% growth, but if two-thirds of income increases goes to a tiny group of families, just improving economic growth does little to help most Americans and does even less to solve the current crisis of our democracy.
Things could get even worse. If we pursue the economic growth policies being proposed by the Republican Party platform and the Party’s current nominee, the percent of income going to the top 1% would likely go back to Bush levels or even much higher. Donald Trump’s tax plan would reduce taxes on the highest income earners and would restore the trickle down economic policies that have contributed so much to our current inequality crisis.
We believe that Hillary Clinton’s economic policy proposals, backed by the most progressive Democratic Party platform in four decades, will both promote growth and reduce income inequality.
What are those proposals?
--Raise the minimum wage to $15 per hour and make it easier to organize and join unions.
--Establish equal pay for women.
--Invest ambitiously in improving our infrastructure—roads, bridges, water, airports, energy, and rail systems, creating tens of thousands of well-paying, middle class jobs.
--Make the wealthy pay their fair share of taxes, including a surtax on millionaires.
--Develop a national strategy to combat poverty, including more federal resources for communities that have been left out and left behind.
--Guarantee universal pre-school education.
--Provide relief from crushing student debt and make tuition-free public college for families earning less than $125,000 a reality.
--Fight to guarantee health care for every American by working for a public option and extending Medicare for those over 55 years old.
--Develop a green energy strategy that drastically reduces carbon emissions, creates new jobs, and makes the US a world leader in renewable energy.
These proposed policies are both progressive and practical, and all progressives and moderates should support them. They will increase the share of benefits going to middle and lower income Americans as the economy continues to grow. They will go a long way to including the excluded. By doing so, they will reduce the paralyzing divisiveness that is undermining our democratic ideals.
We believe that Hillary Clinton knows how important it is to enact these proposals and how important they are for the future of our society in a period of immense economic change.
Hillary Clinton’s entire adult life has been dedicated to working for greater equality, and we think that this is exactly what she will do as President.
We urge you to vote for this agenda and for her in November.
Source:
http://www.huffingtonpost.com.au/ent...b0dd54ce34697c