Hillary Clinton raking in endorsements in Massachusetts

Democratic presidential candidate Hillary Clinton wavered on her pledge not to raise taxes on anyone making less than $250,000 a year during an appearance on “This Week With George Stephanopoulos” Sunday.

In a plan being unveiled today in New Hampshire, Clinton is expected to unveil a new tax credit she is calling the “Manufacturing Renaissance Tax Credit” to encourage industrial investment in communities at economic risk because they lost manufacturing jobs or on the brink of factory closures or major layoffs, according to sources with the campaign.

Last week, Clinton proposed spending $275 billion to revitalize crumbling infrastructure, and made the point that doing so will create manufacturing, construction and other jobs.

America Rising is mostly focused on opposition research about Democratic front-runner Clinton, and America Rising Squared will bring the PAC’s “trademark aggressiveness” on politics to the policy side, Rogers said.

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. Clinton has moved closer to Sanders’ position in recent months, for example with a rejection of bank bailouts like those she voted for in 2008, during the depths of the worst financial crisis.

“The proper role of Wall Street is to help Main Street grow and prosper”, Clinton wrote.

Her proposal got the crucial support of Massachusetts Senator Elizabeth Warren, a progressive leader on fiscal issues who has remained neutral in the Democratic primary race.

“Cleveland, along with the rest of OH, has experienced years of shifting industry and closing manufacturing plants”, said U.S. Rep. Marcia Fudge, a Warrensville Heights Democrat and Clinton backer. Currently, U.S. companies can reincorporate overseas by buying or merging with a foreign company and then transferring more than 20 percent of shares to foreign owners. Regarding corporate inversions, he has recommended lowering corporate taxes as a way to attract companies to keep their profits in the states. The tax is likely to be coupled with proposals the Obama administration has already put forward. Bernie Sanders, introduced legislation in April that would continue to tax companies involved with inversion deals as American corporations as long as they remain U.S.-majority owned.