Hillary Clinton backs the Buffett rule in Omaha

MASON CITY, Iowa- Former Security of State and Democratic Presidential Candidate Hillary Clinton spoke to a crowd of around 300 people at the North Iowa Event Center on Wednesday with a focus on national security.

Clinton said she wants to implement “The Buffett Rule” that calls for the wealthy to contribute more in taxes.

It’s no wonder why Hillary Clinton picked Minnesota to unveil her counterterrorist strategies: The state has struggled more with terror recruitment than anywhere in the nation.

Over the course of an hour, the Democratic presidential front-runner executed her near flawless campaign speech at Omaha’s Sokol Auditorium, a mid-size venue used to house gymnastics competitions, wedding receptions, flea markets, and, most notably, concerts for more than 130 years.

Buffett supported Clinton’s first Senate campaign in 2000, raised money for her presidential campaign in 2008 and later endorsed Obama and appeared at fundraisers for the president. Congress hasn’t enacted it.

Warren Buffett’s appearance with Clinton was aimed at offering his stamp of approval to the Democrat’s economic message of inclusive capitalism and toughness against Wall Street excess. The day of campaigning will be her last before the third Democratic debate on Saturday. He said, “You will never hear those figures I just recited about income and tax rates at a Republican debate”.

Drawing on her time as secretary of state, she proposed new procedures for issuing visas to any foreigners who have travelled in specific areas and argued for boosting intelligence resources devoted to tracking potential terrorists.

Her comments were met with laughter from voters here, many of them University of Iowa students taking a break from studying for finals in order to attend her town hall.

Tickets for the Wednesday morning Buffett event start at $500, but for $2,700, donors can get a picture with both Clinton and Buffett.

She has called for a new definition of inversion that would make it harder to escape the US tax net, an “exit- tax” for companies trying to relocate out of the USA and a crackdown on intracompany loans between corporate subsidiaries. Buffett was involved with one of those maneuvers past year when he helped finance Burger King’s merger with Canada’s Tim Hortons.

Clinton, who has proposed $1 trillion in spending over 10 years, has also tied education tax credits, universal pre-kindergarten and a proposal to incentivize corporate profit sharing to raising taxes on the wealthy, closing corporate loopholes and other revenue enhancements.