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.
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Hillary Clinton said “only a two-state solution” will work for Palestinians and warned that Islamic State of Iraq and Levant (ISIL) would move in to fill the void if the Palestinian Authority falls.
“The correct position of Wall Street is to assist Main Street develop and prosper”, Clinton wrote.
Clinton’s apology and clarification came in response to a question from immigration activist Jose Antonio Vargas, whose group is propelling a campaign asking presidential candidates to promise not to use the phrase “illegal immigrants”, Yahoo Politics noted.
“Whether it’s attacking the C.F.P.B., undermining new rules to rein in unscrupulous retirement advisers, or rolling back any part of the hard-fought progress we’ve made on financial reform, she and I agree”, Warren wrote.
Under Clinton’s plan, companies like Pfizer would be subject to the new tax on foreign earnings. Sherrod Brown and former Massachusetts Rep. Barney Frank in an effort to show off her chops with the more liberal wing of the Democratic Party. Her op-ed offered a laundry list of new finance reforms that similarly favor more regulation but do not go as far as Sanders, who has called for the government to break up the biggest banks. The profits a USA company earns overseas are not taxed until they are brought back into the US, prompting many companies to hold cash and invest abroad to avoid the taxes.
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Clinton is headed to Omaha on December 16 to share the stage with Buffett, the chairman and chief executive officer of Berkshire Hathaway Inc., for a grassroots rally aimed at firing up Nebraska Democrats ahead of the state’s March 5 caucus. Rand Paul has offered a similar proposal to eliminating all capital gains taxes in urban areas with high unemployment – specifically Detroit – by creating “economic freedom zones”. 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.
