The U.S. electoral campaign has been operating at a somewhat muted volume this year, but you can expect the noise to intensify in 2016 as America decides on its next president.

Primary elections begin in February 2016 as the opposing parties select their candidates. In the case of the Democrats defending the White House, it’s not so much a case of whether Hilary Clinton can win the right to succeed Barack Obama, but if she can lose it.

Clinton has outlined a economic policy focused on increasing the incomes of America’s middle-classes. She proposes tax cuts for middle classes and small businesses, increasing the minimum wage to $15 along with improving workers’ benefits and raising short-term capital gains taxes for high-earners in an effort to support long-term economic growth.

She also has big plans for the financial and banking industry. High-frequency traders would be taxed, while Clinton proposes that CEOs should personally pay a portion of any fines issued to their companies for financial crimes. A risk fee would levied on banks with assets greater than $50 billion, high debt, or that are over-reliant short-term borrowing, as Clinton looks to safeguard against another financial crisis.

By contrast, the Republican ticket is far from a done deal. Florida Senator Marco Rubio is the favourite, though his economic reputation has been dealt an early blow by a row over whether his use of a Republican Party Amex card was appropriate.

Rubio has identified single parents, recent college graduates and working class families as being sections of society currently being failed by a government unable to provide answers to the challenges posed by globalisation and the rise of automation.

To stimulate the economy, Rubio advocates reducing corporate tax rates to 25%, cutting tax on business investment and allowing companies to bring overseas revenue back to the U.S without being additionally taxed. Yet while Rubio sees tax reduction as a path towards growth in business, he’d leave the top individual tax rate at 35%, unlike many of his Republican rivals.

One such man is Donald Trump, who would slash the top tax rate to 25%. Rubio’s main challenger would also steamline tax brackets from seven to four, while eliminating tax entirely for families earning less than $50,000. Furthermore, Trump proposes to cut corporation tax to 15% and get rid of the death tax.

Trump has claimed that he would “be the greatest jobs president God ever created,” with plans afoot to win business away from the likes of China and Mexico, in order to bring it back to the U.S. A survey saw 59% of Republicans claim that they trusted Trump to run the economy. This is no doubt related to his fame as a businessman, despite the recent National Journal study which showed that Trump would be richer if he’d simply invested his 1974 inheritance of $40 million into an index fund of S&P 500 stocks.

Previous  U.S. election cycles have often provided a clear pattern, with stocks tending to see an above average increase in the year preceding an election. However, this certainly isn’t always the case (2008, anyone?) They say that a week is a long time in politics; with a little less than 52 weeks left until the general election, anything can happen. Whatever does occur, the two main candidates going head to head are likely to have significantly different views on how to ensure a booming economy; it remains to be seen how the stock market will react to the visions they outline.