President Obama and Hillary Clinton Meet for Lunch at White House
“My plan will help spur reinvestment in communities right here in Arizona that have lost jobs because of factory closures”, Clinton, a former USA secretary of State, said in a written statement to The Arizona Republic.
Like U.S. President Barack Obama, Democratic presidential frontrunner Hillary Clinton has refused to use the term “radical Islamic terrorism” even after the horrific attacks on public places launched by the jihadist group Islamic State (ISIS) in Paris that killed over 120 people. They spoke on condition of anonymity ahead of the official campaign announcement.
A Clinton campaign spokesman referred questions to an MIT economics professor who has written extensively about the financial crisis and apparently agrees with Clinton’s proposals.
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.
According to the Democrat’s campaign, Clinton’s strategy would make areas that have seen or are about to face manufacturing job or plant losses eligible for so-called “Manufacturing Renaissance Tax Credits” to help attract new capital, businesses and jobs.
As Fortune reports, Clinton “has been criticized throughout her campaign, particularly by rival candidate Bernie Sanders, for having close ties to Wall Street”.
Moreover, Clinton indicated she’d combat Republican-led efforts to weaken the the 2010 Dodd-Frank financial reform law, including attempts to defund the Consumer Financial Protection Bureau – Warren’s brainchild.
Hillary Clinton offers some good ideas – lifting the statute of limitations that could derail prosecutions of Wall Street executives at the center of the 2008 financial crisis, for instance – in a New York Times OpEd piece published Monday. She reinforced her agreement that no one on a “no-fly” list be permitted to purchase a firearm, and reiterated her support of the American Muslim community despite the recent actions of extremists. Elizabeth Warren, who has otherwise remained neutral in the party’s primary race, The Associated Press pointed out.
Democratic presidential candidate Hillary Rodham Clinton speaks at the Council on Foreign Relations in New York, Thursday, Nov. 19, 2015.
Clinton would levy a new “exit tax” on companies entering into these deals.
Pfizer expects the deal will lower its tax rate to between 17% to 18% from the 25% it says it pays now.
In contrast to Clinton’s proposal, the Republicans have suggested overhauling the entire tax code is the the best way to deal with inversions.