On Saturday, April 19 a young man holding up a piece of paper in a Lancaster, Pa. parking lot made a few extra dollars by charging gawkers $10 per car for a prime space. Who were they hoping to see? Barack Obama. And, that’s not all.
In nearby York, Pa. Hillary Clinton was drumming up business for farmers after referencing 'Central Market,' a historic 120-year-old neighborhood institution. The two candidates were working the crowds in anticipation of the state's April 22 primary. However, while the local economies along the campaign trail may get a boom for a weekend, what are the candidate's economic plans for the next four years? With the Democratic ticket still in limbo, MainStreet decided to take a peep at each candidate’s economic ideas.
Hillary Clinton: In March, Senator Clinton offered up a second economic stimulus package of $30 billion to relieve help owners and those affected by the subprime crisis.
Barack Obama: Also supports a second economic stimulus package of $30 billion. “This starts with providing a stimulus that reaches the most vulnerable Americans, including immediate relief to areas hardest hit by the housing crisis,” said Obama during a recent speech in New York.
On Social Security
Hillary Clinton: Has plans to create a bi-partisan commission to review Social Security.
Barack Obama: Will also review Social Security. Plans to place a cap on payroll taxes (guaranteed funds that support Social Security), which will raise the amount of taxes paid by Americans that earn more than $97,500.
On College Tuition
Hillary Clinton: Seeks to create a $3,500 tuition tax credit, and to annually adjust Pell Grant amounts to reflect rising college costs.
Barack Obama: Wants to create the American Opportunity Tax Credit, and seeks to increase the Pell Grant to factor for inflation.