Hillary Clinton Proposes Expanding ‘Buffett Rule’ To Raise Wealthiest Tax Rates
Clinton, the leading Democratic presidential candidate, proposed a tax increase for the wealthiest Americans along with assisting those who are struggling in low-income jobs to earn higher wages while lifting middle-class Americans through a burst of shared economic growth.
Democratic presidential candidate and former secretary of state, Hillary Clinton offered a prebuttal to Republicans, that the American people “cannot give into fear” in the aftermath of attacks in Paris and California, laying out a multi-pronged strategy to protect the homeland and prevent domestic terrorist attacks and any other form of terrorism. “I’m going to do what works to fix the economy”.
“I want to go even further, because Warren is 100 percent right, as usual”, she said.
Specifically, Clinton said that her tax plan, which she is set to roll out in the new year, would build on the Buffett rule, the plan named for Buffett and proposed by President Barack Obama that would require those who earn $1 million a year pay an effective tax rate of at least 30 percent.
Voting rights should be protected, she said, and the Citizens United court decision that unleashed virtually unrestricted campaign funding should be reversed. “And Hillary, once she is elected, will never forget those”.
Buffett, the chairman of Berkshire Hathaway – commonly referred to as the oracle from Omaha – joined Clinton at her first event in Nebraska and hosted a fundraiser for her campaign before the rally. He has vowed to stop further development of the resort if the wind farm goes ahead.
Clinton says she wants Democrats to tell their Republican friends: “I don’t have horns”.
“I’ve seen Nebraska win football games with less enthusiasm than that”, he said of the minutes-long standing ovation he received alongside Clinton.
Buffett supported Clinton’s first Senate campaign in 2000 and raised money for her presidential campaign in 2008 before endorsing Obama and appearing at fund-raisers for the president.
“You do not know how an act of kindness can make a big difference”. “I am confident once again we will choose resolve over fear”, Clinton said in remarks at the University of Minnesota-Minneapolis.
Clinton ended the day with two town hall meetings in Iowa, where she frequently nodded her head in agreement as three supporters in Mason City urged attendees to caucus for her on February 1.
Her presidency would invest in early childhood education, she said, and help craft a plan to help young Americans deal with student debt.
But she promised, “I will be as good a president as Beyonce is a performer”.