The 2016 presidential race is gaining momentum, and with it has come the usual political atmosphere. This year’s race has perhaps attracted some of the most interesting candidates. Donald Trump, a real estate mogul who’s popular from his gigs in Hollywood, appears bent to be the undisputable Republican Party. Trump is already trying to ward off multiple attacks from politicians within and outside the US, mostly due to seemingly divisive comments he has made. Hillary Clinton is not a newcomer to politics, she’s been around for a long time. But the interesting thing is that she appears to be the first female candidate with a very real shot at the presidency. Although Bernie Sanders is still trying to prevent her from clinching the Democratic Party nomination, she’s appears to have her eyes trained on the target right now. Ben Carson, the popular Neurosurgeon, recently dropped out of the race and decided to instead lead a national nonprofit that encourages Christians to vote.
There are many more interesting candidates that cannot be covered in the scope of this article. Regardless, though, below are a number of 4 main issues that political U.S presidential candidates ought to address.
1. Economic Growth
The economy is one of the main debate-points in any presidential election, in the US or not. Economic growth is what improves living standards of citizens, and provides key resources in both the public and private sectors. In the US, the Congressional Budget Office has projected an annual growth rate of 2.1% between 2015 and 2025. This is much lower than the 3.3% recorded between 1950 and 2014. Slow growth in the labor force is one of the factors that have contributed to this slowdown, as more baby boomer retire. Economic growth is a major issue for all American citizens, and the current presidential aspirants must address how they plan to enhance this growth rate if elected president.
2. Major Tax
Tax reforms have always been an issue in every major presidential election. Based on a recent WalletHub survey, most Americans still harbor the perception that the richer section of the population is less-taxed. All Americans pay taxes, and the tax debate is often a heated one. In this year’s presidential race, it’ll be interesting to see what solutions different candidates have to the general tax sentiment.
3. Federal Debt
There’s one thing that seems to a consistent problem from one administration to the other – federal debt. The US owes over $1.3 trillion to China alone. The next president will have to deal with multiple issues, from crumbling infrastructure to health care costs, terrorism, and retirement security. The annual deficit has greatly improved since the Great Recession, and some candidates might bring forward the argument that financial woes are finally behind us. But that’s not the case. In 2017, interest payments on debt are estimated to hit the $300 billion mark, and $800 by 2015. Presidential aspirants ought to tell the American people how they plan or intend to tackle this pressing issue.
4. Preventing a Huge Financial Crisis
The 2008 financial crisis has barely faded from memory. More than 5 million Americans lost their home, and over $13 trillion in family wealth was destroyed. It took almost 6 years for the country to get back on track. Everyone wants to see this situation improving. Americans are keen to hear what plans the current presidential aspirants have regarding preventing a repeat of this devastating financial meltdown.
As the debate unfolds on the campaign trail, it’ll be interesting to what the candidates have up their sleeves regarding resolving these issues.