Hillary Clinton on Jobs: Democratic Front-Runner Revives ‘Exit Tax’ Plan for
Democratic presidential front-runner Hillary Clinton on Tuesday will announce a tax-incentive plan aimed at resuscitating the manufacturing industry in Arizona and other states.
“We need to put the great disrupters to work in disrupting ISIS and stopping them from having this open platform for communicating with their dedicated fighters and their wannabes like the people in San Bernardino”, Clinton said, referring to technology’s nickname as “the great disrupter”.
Clinton will call for spending the revenue raised by her proposed tax to boost manufacturing jobs in the United States, the Associated Press reported.
Sperling, who pointed to various studies that he said suggest manufacturing “punches above its weight in innovation and high wage jobs”, contended that Clinton’s plan would underscore the importance manufacturing plays in the economy, as well as ensure the country has the necessary tools to help communities rebound after companies leave. “I want the Treasury Department to do everything it can to stop that kind of behavior and call it for what it is: gaming the tax system”, she said.
Hillary Clinton has already taken aim at the pharma industry during her campaign, revealing plans to crack down on skyrocketing drug prices.
As Fortune reports, Clinton “has been criticized throughout her campaign, particularly by rival candidate Bernie Sanders, for having close ties to Wall Street”.
Today, Hillary Clinton published a New York Times op-ed headlined, “How I’d Rein In Wall Street”.
“The correct position of Wall Street is to assist Main Street develop and prosper”, Clinton wrote.
Warren has tried to remain neutral during the Democratic primary, though the prospect of a candidate endorsement from the popular senator is seen as a key.
“Self-radicalizaiton that leads to attacks, like what we think happened in San Bernardino, we’re going to have to ask our tech companies… to help us on this”, she said.
Sanders advocates much tougher actions to break up big banks and has accused Clinton of being beholden to her large donors from the financial sector.
“We’re going to need help from Facebook and from YouTube and from Twitter”, the former secretary of state said during an interview on ABC’s This Week.
Still, Pfizer and Allergan could face some pushback along the way as they try to close the deal, especially from the U.S. Treasury. The Obama administration also backs raising the threshold. She already has released a major infrastructure plan.
The Clinton credit could be claimed over seven years under the existing New Markets Tax Credit the federal government uses to entice commercial development in urban areas, according to the Clinton campaign. Dick Durbin of IL and Sherrod Brown of OH would require companies seeking to reincorporate overseas to first settle their USA tax bill on cash stashed offshore.
A similar proposal released previous year by Sens.