Hillary Clinton Targets Corporate Inversions With ‘Exit Tax’ Proposal

Sen. Elizabeth Warren (D-Mass.) commended Hillary Clinton on Monday for proposing stronger regulations on Wall Street banks.

Clinton’s “Manufacturing Renaissance Tax Credit”, part of a broader plan to revive US manufacturing, would encourage financial investment in depressed areas that have seen manufacturing production and employment evaporate or are at risk of closings and layoffs, according to her campaign.

The former secretary of state has proposed several new taxes, some in more detail than others.

“We need to tackle excessive risk wherever it lurks, not just in the banks”, Clinton suggested.

U.S. Democratic presidential candidate Hillary Clinton will announce a planned crackdown on corporations that shift profits overseas, including a new “exit tax” against so-called inversion deals, her campaign said on Monday.

Pfizer expects the deal will lower its tax rate to between 17% to 18% from the 25% it says it pays now.

Images of video of make couples and female couples – some who lock lips – are interspersed with some of Clinton’s speeches during which she speaks out against discrimination based on sexual orientation and gender identity. “We can not delay in cracking down on inversions that erode our tax base”. Although Clinton made comments regarding encrypted apps and “all of the usual complaints” that stopped take-downs of online material – “freedom of speech, et cetera” – no specific plan seem to be laid out beyond having an ongoing conversation with technology companies. In 2013, she made more than $3m for speaking at banks such as Goldman Sachs and Morgan Stanley, for instance, and over four decades she and her husband have raked in $69m from employees and political groups of Wall Street.

“Republicans may have chose to forget about the financial crisis that caused so much devastation – but I haven’t, ” she wrote.

When asked if her claims are “rock solid read-my-lips promise”, the former secretary of state tells the host it’s a goal not to increase taxes, but doesn’t say it’s out of the realm of possibility. Warren has also indicated that she’s open to backingClinton rival Sen.

Presidents from both parties have repeatedly asked Wall Street heavyweights to manage top government positions. “I know that with her at the helm, we will rebuild and reinvest in the best parts of Georgia’s economy”. Hauser used the Pfizer merger as a case in point of the hazy web of interests that entangle politics and business.

State lawmakers in April approved about $55 million in tax credits for the “New Markets” program that state and national officials have called a windfall for banks and out-of-state capital investment firms.

“It simply isn’t believable that she will now aggressively seek to regulate the securities industry should she become president”, he said.