Economic Justice Guide on Major Party Presidential Candidates Released

United for a Fair Economy has released a new voter guide that looks examines the two major party presidential candidates on the issue of economic justice.

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United for a Fair Economy has released a voters guide that looks at the economic policies of the two major party candidates. The organization–which works to illuminate economic inequality and its consequences–is hoping that the guide will help undecided voters to “consider the principles that we [United for a Fair Economy] propose and then evaluate which candidate seems more likely to work effectively towards those principles.”

The guide is reprinted below:

Tax Policy

UFE supports progressive taxes that use an-ability-to-pay principle, with lower-and middle-income people paying proportionally less than the wealthy. UFE also supports taxing investment income at the same rate as income from work. In addition, it is important that taxes raise enough revenue to maintain the public structures, services and programs that create our quality of life. UFE has always supported preserving a robust estate tax. Learn more.

 

John McCain

Barack Obama

McCain’s tax policy would make permanent most of the Bush tax cuts, increase deductions for taxpayers with dependents, and lower corporate tax rates from 35% to 25%. He proposes an estate tax with a $5 million exemption per spouse and 15% tax rate.

Obama would make the Bush tax cuts permanent for people earning under $250,000, and increase taxes on people making over $250,000. He would enact new and expanded tax cuts for workers, retirees, homeowners, savers, students, and new farmers. He proposes an estate tax with a $3.5 million exemption per spouse and 45% tax rate.

 

Racial Wealth Divide

UFE supports policies that seek to end racial economic disparities. UFE recognizes that building wealth and assets is key to economic prosperity, and we support policies that increase such opportunities for people of color, who have been historically blocked from these opportunities. Learn more.

John McCain

Barack Obama

McCain makes very few references to race in speeches and on his website.

While Obama has spoken strongly on the topic of race, he doesn’t mention race explicitly in policy proposals.

 

Labor Policy

UFE supports increasing the minimum wage to make it a living wage, progressive taxes to help working people, and government investment in asset-building to help families move into the middle class. We also support legislation that allows unions to form more easily and negotiate more effectively. Labor unions can reduce economic inequality by protecting the welfare of workers, and reducing corporate control over wages, benefits, and working conditions. Learn more.

John McCain

Barack Obama

McCain plans to implement temporary worker programs intended to address the labor needs of the United States in both the high-tech and low-skilled sectors. He opposes the Employee Free Choice Act, which would allow unions to form more easily and negotiate more effectively. McCain has voted more than a dozen times over 20 years against increasing the minimum wage.

Obama plans to raise the minimum wage and index it for inflation. He supports the Employee Free Choice Act, which would allow unions to form more easily and negotiate more effectively.

 

Immigration and Trade Policy

UFE supports trade policies that help eliminate economic inequality among the populations of all trading partners with comprehensive and enforceable social, economic, cultural and environmental rules that protect the rights of the most vulnerable.

UFE supports immigration policies that advance the human rights of immigrants and that recognize and legalize this population’s contribution to our society. Comprehensive immigration policy must address and help correct the root economic causes of emigration, with special attention paid to the impact of US trade and foreign policies.

Learn more.

John McCain

Barack Obama

McCain wants to increase security along US borders, impose more punishments for employers who hire undocumented immigrants, and also supports creating paths for undocumented workers to change their status. He believes the US should engage in multilateral, regional and bilateral efforts to reduce barriers to trade, and wants to build effective enforcement of global trading rules.

Obama wants to increase security along US borders, impose more punishments for employers who hire undocumented immigrants, create paths for undocumented workers to change their status, and work with Mexico to develop their economy more. He also wants to open up foreign markets, reform NAFTA and other trade agreements by including labor and environmental standards, end tax breaks for companies that outsource jobs overseas, and reward companies that support American workers.

Author: mediamouse

Grand Rapids independent media // mediamouse.org