Presidential candidates Hillary Clinton and Donald Trump battled it out in the first presidential debate at Hofstra University in Hempstead, N.Y., on Monday evening. Tensions were predictably high during the first of three presidential debates in the 2016 election, as the candidates sparred on everything from immigration to the war in Iraq to the seemingly never-ending birther issue.
Here's what Clinton and Trump had to say, and the money behind the issues.
1. Clinton on the Economy
“We also have to make the economy fairer. That starts with raising the national minimum wage and also guarantee, finally, equal pay for women's work,” Clinton said.
Raising the minimum wage to $12 per hour is part of Clinton’s platform. If elected, she has vowed to work to close the gender pay gap.
2. Trump Plans Major Tax Cuts
“Under my plan, I'll be reducing taxes tremendously, from 35 percent to 15 percent for companies, small and big businesses,” Trump said.
Trump’s tax plan calls for increasing the standard deduction for joint filers to $30,000 — from the current rate of $12,600 — and instituting a $15,000 standard deduction for solo filers. The business tax rate will also be lowered from 35 percent to 15 percent, and the corporate alternative minimum tax will be eliminated.
3. Clinton Challenges Trump’s Tax Plan
“Independent experts have looked at what I've proposed and looked at what Donald's proposed, and basically they've said this, that if his tax plan, which would blow up the debt by over $5 trillion and would in some instances disadvantage middle-class families compared to the wealthy, were to go into effect, we would lose 3.5 million jobs and maybe have another recession,” Clinton said.
Clinton’s tax plan, meanwhile, involves employing a “fair share surcharge” on multi-millionaires and billionaires, and working to make sure the wealthiest Americans aren’t privy to a lower tax rate than the middle class. Her goal in raising taxes on the wealthy is to pay for plans to make college free, among other initiatives.
4. Trump on Regulating Business in Foreign Countries
“And what you do is you say, fine, you want to go to Mexico or some other country, good luck,” Trump said. “We wish you a lot of luck. But if you think you're going to make your air conditioners or your cars or your cookies or whatever you make and bring them into our country without a tax, you're wrong.”
If elected, Trump plans to issue a temporary moratorium on new agency regulations to encourage companies to reinvest in their communities.
5. Clinton Accuses Trump of Banking on Housing Crisis
“In fact, Donald was one of the people who rooted for the housing crisis. He said, back in 2006, ‘Gee, I hope it does collapse, because then I can go in and buy some and make some money. Well, it did collapse,” Clinton said.
Clinton’s housing agenda includes a measure to increase the number of affordable rental homes by offering more incentives to create affordable housing developments. She has also vowed to help make homeownership a reality by matching up to $10,000 in savings for a down payment on a first home.
6. Trump Accuses Clinton of Wanting to Raise Taxes
“I'm going to cut regulations,” Trump said. “I'm going to cut taxes big league, and you're going to raise taxes big league, end of story.”
Some of the regulations Trump plans to cut are those that do not enhance public safety, needlessly eliminate jobs and increase the size of the government.
7. Clinton on Climate Change
“Donald thinks that climate change is a hoax perpetrated by the Chinese,” Clinton said. “I think it's real.”
Part of Clinton’s campaign agenda includes a $60 billion Clean Energy Challenge to reduce carbon pollution and increase the usage of clean energy.
8. Trump Touts Plan to Increase Jobs
“Well, I'm really calling for major jobs, because the wealthy are going [to] create tremendous jobs,” Trump said. “They're going to expand their companies. They're going to do a tremendous job.”
Part of Trump’s plan to improve the economy includes creating 25 million jobs over the next decade.
9. Clinton Claims Trump’s Plans Hugely Increases National Debt
“So we have a very robust set of plans,” Clinton said. “And people have looked at both of our plans, have concluded that mine would create 10 million jobs and yours would lose us 3.5 million jobs, and explode the debt which would have a recession.”
A Sept. 2016 report by the Committee for a Responsible Federal Budget estimates Clinton’s plans would raise the debt by $200 billion over the course of a decade. Trump’s plan would increase it by $5.3 trillion.
10. Trump Slams Clean Power Initiatives
"We invested in a solar company, our country,” Trump said. “That was a disaster. They lost plenty of money on that one.”
Trump referenced Solyndra LLC, a solar company that took a $535 million loan from the U.S. Energy Department and subsequently went bankrupt in 2011. If elected, Trump has plans to abolish the EPA’s Clean Power Plan, which is estimated to cost $7.2 billion per year, according to his campaign.
11. Clinton Backs Additional Law Enforcement Training
“Mental health is one of the biggest concerns, because now police are having to handle a lot of really difficult mental health problems on the street,” Clinton said. “They want support, they want more training, they want more assistance. And I think the federal government could be in a position where we would offer and provide that.”
As part of her plan, Clinton has proposed new investments to support additional law enforcement training at every level, and a government-match program to help every police department in America get body cameras.
12. Trump Claims His Tax Returns Aren’t Important
“As far as my tax returns, you don't learn that much from tax returns,” Trump said. “That I can tell you. You learn a lot from financial disclosure[s].”
Since 1976, nearly all presidents have shared their tax returns, but Trump has not. According to Politifact, financial disclosures are not more telling than tax returns, as they do not reveal much about personal income, including tax rate and charitable donations.
13. Clinton Advocates Tax Hikes for Highest Earners
“What I have proposed would be paid for by raising taxes on the wealthy, because they have made all the gains in the economy,” Clinton said. “And I think it's time that the wealthy and corporations paid their fair share to support this country.”
Clinton’s tax plan includes closing tax loopholes for the top 1 percent of Americans and for companies that take their profits and jobs abroad to save money.
14. Trump Wants Better Trade Deals
“We have to renegotiate our trade deals, and we have to stop these countries from stealing our companies and our jobs,” Trump said.
Part of Trump’s trade plan includes withdrawing from the Trans-Pacific Partnership and renegotiating NAFTA — the North American Free Trade Agreement — to get a better deal for U.S. workers.
15. Clinton Calls Out the ‘Trump Loophole’
“But when I look at what you have proposed, you have what is called now the 'Trump Loophole,' because it would so advantage you and the business you do,” Clinton said.
According to the Clinton campaign, the “Trump Loophole” would give the 400 richest taxpayers in America a tax savings of at least $15 million per year.
16. Trump Vows to Defeat ISIS
“We came in with the internet, we came up with the internet, and I think Secretary Clinton and myself would agree very much, when you look at what ISIS is doing with the internet, they're beating us at our own game,” Trump said.
If elected, Trump plans to enact aggressive joint and coalition military forces to dismantle ISIS on the ground, increase international cooperation to eliminate the terror group’s funding and initiate cyberwarfare to eradicate their propaganda and recruiting efforts.
17. Clinton Details Plan to Fight Terrorism
“But we also have to intensify our air strikes against ISIS and eventually support our Arab and Kurdish partners to be able to actually take out ISIS in Raqqa, end their claim of being a Caliphate," Clinton said.
Clinton’s plan to defeat ISIS includes taking out their stronghold in Iraq and Syria, breaking up their global terror network and increase the line of defense to prevent attacks in America. In short, Clinton and Trump would likely look to increase military spending across the board.
18. Trump Calls for Countries to Pay for Defense
"Number one, the 28 countries of NATO, many of them aren't paying their fair share ... we're defending them, and they should at least be paying us what they're supposed to be paying by treaty and contract."
Trump has repeatedly called for NATO countries to pay for defense from the U.S. However, NATO is based off a collective defense, where if one member is attacked, it is considered an attack against all. All countries are expected to chip in too, with NATO guidelines saying members must spend at least 2 percent of their GDP on defense.
19. Clinton Calls Out Trump for Not Paying Workers
“And, indeed, I have met a lot of the people who were stiffed by you and your businesses, Donald,” Clinton said. “I've met dishwashers, painters, architects, glass installers, marble installers, drapery installers, like my dad was, who you refused to pay when they finished the work that you asked them to do.”
An investigation conducted by USA Today determined that hundreds of people claim Trump never paid them for their work, with at least 60 lawsuits filed against the Republican presidential candidate and his businesses.
20. Trump Points Fingers Over ISIS
“Well, President Obama and Secretary Clinton created a vacuum the way they got out of Iraq, because they got out — what, they shouldn't have been in, but once they got in, the way they got out was a disaster,” Trump said.
Trump plans to partner with the U.S.’s Arab allies in the Middle East and empower them to lead the fight against ISIS. As of Aug. 15, spending costs related to ISIL reached $9 billion, or an average daily cost of $12.3 million, reports the U.S. Department of Defense.