Hillary Clinton extends lead in Democratic race for president

Democratic presidential frontrunner Hillary Clinton will unveil a tax incentive plan Tuesday to spur manufacturing jobs in US and MI cities hardest hit by plant closings and mass layoffs, The Detroit News has learned.

During the interview with ABC News today, Clinton was asked about Jerry Falwell Jr., the president of Liberty University in Virginia, who on Friday said that concealed-carry permits “could end those Muslims before they walked in…and killed them”.

Clinton will call for spending the revenue raised by her proposed tax to boost manufacturing jobs in the United States, the Associated Press reported.

The number of “tax inversion” deals, in which a large American company merges with one in a lower tax country and moves its headquarters to that country, thus only having to comply with its tax rate, has recently been on the rise.

“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 last month, referring to inversion deals.

Clinton’s manufacturing plan relies on some parts of economic development strategies devised during her husband Bill Clinton’s presidency from 1993 to 2000. “I think the Russians are prepared to drop as many bombs as it takes to keep him in power, so therefore we’ve got to intensify the political and diplomatic front”, she added, saying the USA must also persuade Russia to help proceed against ISIS at the same time.

Clinton has faced criticism over her perceived Wall Street ties – an issue which primary opponent Vermont Sen. Bernie Sanders say will prompt her to take a softer position toward regulating – and taxing – American corporations.

“As president, I would not only veto any legislation that would weaken financial reform, but I would also fight for tough new rules, stronger enforcement and more accountability that go well beyond Dodd-Frank”, Clinton wrote.

Still, Pfizer and Allergan could face some pushback along the way as they try to close the deal, especially from the U.S. Treasury. She already has released a major infrastructure plan.

Regarding Syria, where Israeli leaders have accused the Obama administration of insufficient investment in ending its civil war, Clinton echoed a key Israeli demand: That allied forces simultaneously work to defeat both the Assad regime, backed by Iran, and militant Islamist Sunnis.

U.S. Rep. Ruben Gallego, D-Ariz., a Clinton supporter who represents a Phoenix-based congressional district, applauded her proposal.

Currently, the federal government taxes companies on their worldwide earnings, but does allow them to claim certain foreign tax credits for profits earned overseas, The Wall Street Journal explained. She also plans to make financial firms admit wrongdoing as part of settlements in addition to the fines they pay to the government-and ensure that those fines cut into the executives’ bonuses.