This is not a wacky aunt article; or thoughts jotted on some “political genius’s” Facebook page. The following article is based on time-tested principles, and the thing that makes a democracy great: two parties with two conflicting ideas.
This article is focused on the issues, and not on each candidate’s mistakes. It’s not about what the candidates have done in their past, but what they will do for ORU students’ futures. This article is designed to renew minds of the country’s least-likely-to-vote generation, as it reveals potential threats and challenges to many major industries across the country.
Author Sharon Salzberg said voting is “an expression of our commitment to ourselves.” This election will impact salaries, taxes, how teachers teach, and how nurses treat. Don’t conform to the patterns of politics, but be transformed by the renewing of your minds.
It is commonly heard how a candidate will drastically affect the stock market after being elected, but statistics show the market will not change because of a president’s policies, only by the emotion investors show if their preferred candidate does or does not get elected.
“Emotions are running high in this campaign. And that – not any candidate’s policies – is the real threat to your portfolio,” said Taylor Tepper of Money magazine.
The market, according to Tepper, has grown under nearly every president, conservative or liberal. The industry for future financial advisors will not be dramatically affected by the election of either candidate.
Nursing & Healthcare:
Across the industry, nurses are up in arms over Obamacare. Both candidates have acknowledged Obamacare’s flaws and have offered their own solutions to the problems.
“The insurance providers are cutting costs by allowing only the cheapest, oldest therapies,” said Patricia Catts, assistant professor of nursing at ORU.
Lenore Butay, professor of nursing at ORU said, “It’s like we’re using flip-phone therapies even though we know smartphone therapies are available.”
Each candidate has promised to improve on “affordable health care for all.” Clinton proposes raising taxes to increase funding for governmental healthcare. Trump aims to repeal Obamacare and encourage free market principles and competition amongst insurance providers.
Teacher’s salaries should rise with inflation under either candidate, and both candidates have said teachers should be paid more. The amount of money allocated to education should increase with each candidate depending on if it is a public or private school. According to US News, Trump is the private school candidate, and Clinton is the public school candidate.
Trump intends to help students pick which school they’d like to attend with his voucher program. He argued not only that the voucher system would help impoverished children enroll at quality schools, but also that a free market would improve the entire system.
Clinton disagrees with Trump’s voucher plan, which she said “would decimate public schools.”
Common Core will be widely enforced by Clinton, and according to the Common Core website, if schools do not adopt the program, they won’t receive funding from the government. Those going into Education Administration will have to adopt the Common Core model under a Clinton presidency.
Common Core may better prepare students for a “competitive global economy.” It was designed by “a diverse group of teachers, experts, parents, and schools.” In hopes to heighten student achievements, students aren’t forced to overcome failure. In fact, in many Common Core math problems there are no wrong answers. Even the multiplication tables are subject to varied responses if the students can reason out
their answer. The National Assessment of Education calls Common Core a “failure” stating that “Last year, average math scores declined for the first time since 1990.”
Trump has spoken out against Common Core and plans to cut the program as part of his efforts to cut wasteful programs and improve the national deficit (donaldjtrump.com).
Linda Dunham, ORU chair of the undergraduate school of education, said “Presently, Oklahoma is not a common core state; although this could change.” Currently 42 out of the 50 states are under Common Core standards.
“Many of our students will be accepting positions in Common Core states,” Dunham said.
According to a Huffington Post article, small businesses in America account for creating 60-80 percent of all new jobs. Whether starting a small business, or just looking for a job out of college, where each candidate stands on small businesses is, as Trump would say, “'[h]uge!”
Clinton plans to make starting a business less costly by “streamlining unnecessary licensing, providing tax relief for small businesses, and by easing burdens for community banks to issue loans to entrepreneurs.” Clinton promised to make starting a small business “as easy as setting up a lemonade stand in the front yard.”
Trump’s tax plan for businesses would offer a 15 percent flat corporate tax. He suggests healthcare should be affordable for small business owners to provide, referring to friends closing down their businesses because of Obamacare. He plans to ease government regulations, and renegotiate trade deals with countries like China and Mexico.
“With what has been released thus far, there is ambiguity regarding whether unincorporated small businesses will be taxed at the individual tax rate or the corporate tax rate,” said James Russell, professor of economics at ORU.
According to Russell, the small business tax burden, under a Trump administration, will be smaller than current policy either way.
“It will depend on the level of your income,” said Russell of Clinton’s proposals. “She’ll lower tax rates for the lower and middle class and raise rates for the upper class (family income over $250,000).”
However, one of the most important things, according to Russell, for small businesses is “the overall growth of the economy.”
The Tax Foundation released 10-year estimates on each candidate’s tax plans emphasizing their impacts on gross domestic product (GDP). GDP is one of the best ways to gauge the health of a country’s economy, the higher the GDP, the better. The Tax Foundation 10-Year GDP Growth estimates have Clinton at -2.6 percent compared to Trump’s 7.5 percent growth.
To show the effect of each candidate’s tax plans on small businesses, this chart shows two attainable small business incomes within the next eight years. The chart shows their base corporate tax, excluding any breaks.