July 26, 2016
Heritage experts provide snapshot analysis of the Democratic Party platform’s substance. We do not support or oppose any candidate or political party, but encourage everyone — including all candidates — to move America in a direction to create opportunity for all and favoritism to none.
New College Compact:
“Increasing higher education spending and offering ‘free’ tuition to some 80 percent of students does not concentrate subsidies toward low-income students or get to the root of the college cost problem. Recent history shows that a surge of federal dollars has encouraged universities to raise their tuition prices. Federal subsidies remove the responsibility of paying for college from the student – who benefits from attending – to the taxpayers, and perpetuates a counterproductive lending and spending cycle.” – Mary Clare Reim
“More than doubling the minimum starting wage to $15 per hour would eliminate seven million jobs, on top of jobs lost by states that have raised recently passed bills raising minimum starting wages in their states to this level, such as California and New York. Hiring costs would rise to $18.61 per hour, including payroll taxes and the Obamacare health insurance overage mandate. Forcing employers to pay starting wages of $15 per hour and up would make many less skilled workers unemployable, having a greater effect in states with a lower cost of living.” – James Sherk
“Carbon taxes are a very costly non-solution to a likely non-problem. They’ll drive up energy prices, hitting households again and again, disproportionally impacting the poorest Americans, for no meaningful, if any, climate benefit.” – Nick Loris
The Consumer Financial Protection Bureau and Regulation:
“As with much of Dodd–Frank, Congress created the Consumer Financial Protection Bureau (CFPB) without a thorough understanding of the housing market collapse, the subsequent failure of major financial firms, or the resulting shock to the economy. The bureau was designed to evade the checks and balances that apply to most other regulatory agencies.
The best option going forward is outright elimination of the CFPB through repeal of Title X of the Dodd–Frank Act. Authority for the 18 pre-existing consumer protection laws assumed by the CFPB should be returned to the seven agencies that originally administered them.” – Norbert Michel
"In our elections, we are choosing the commissioners and councilors, mayors, governors, members of Congress, and president who lead the local, state, and federal governments of the most powerful country in the world. Americans make campaign donations to the candidates we like and who we believe will do the things we think need to be done when they are elected to office.
The amount spent in the 2012 election was only about 5 percent of the total advertising dollars spent in the United States to sell everything from cars to diapers. In 2014, the National Retail Federation estimates that Americans spent $7.4 billion on Halloween. So we actually spent hundreds of millions more on candy and costumes than on deciding who will be the president of the United States.
Any program that extended the current public financing system for presidential candidates to congressional candidates could only be funded through federal taxes. Using taxes to fund political campaigns would violate the First Amendment rights of taxpayers, as well as their associational rights, by forcing them to subsidize candidates they oppose and whose policies they disagree with.” – Hans von Spakovsky