She also called for a more “progressive, patriotic tax code” that would force corporations to pay back any tax breaks they received from the USA government, should they decide to relocate overseas.
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Then she laid into Trump’s latest tax plan, noting that his cut in the top marginal rate would provide the 400 richest families in America with an additional $15million a year.
Trump wants to cut taxes for businesses and workers, and go with a three-bracket income tax system that’s close to what House Republicans have recommended.
“We’ve really been given a false narrative”, Trump said of his struggles in Utah. “He’d pay a lower rate than millions of middle-class families”, she said. She stated that companies looking to relocate their headquarters will pay an exit tax, and Clinton explained why she supports the “Buffett Rule”, a proposed tax floor for individuals who make over $1 million a year.
In a speech Thursday focused on jobs and the economy Hillary Clinton promised a public health insurance option, paid family medical leave, affordable childcare, and build on President Barack Obama’s Patient Protection and Affordable Care Act. “Just a more extreme version of the failed theory of trickle-down economics, with the addition of his own unique Trumpian ideas that even Republicans reject”. Trump said Monday he’ll withdraw the US from the TPP and renegotiate NAFTA, and he has vowed to slap higher tariffs on goods from China and Mexico. “He’s offered no credible plans”, she said, taking aim at the tax plan Trump unveiled earlier this week – specifically a detail of his plan she labeled as the “Trump loophole” that would cut taxes for wealthy people like her Republican opponent.
“He wants America to work for him and his friends at the expense of everyone else”, she said.
For those who believe the world’s biggest economy doesn’t need radical surgery, Hillary Clinton is offering a comforting refuge.
On trade, Clinton essentially backed up Trump’s recurring claim, agreeing that past trade deals painted “rosy scenarios that did not pan out”.
She also reiterated her strong opposition to the Trans-Pacific Partnership (TPP) trade deal, leaving herself little room for backtracking should she win the White House if it is taken up by the lame-duck Congress later this year.
While Clinton has wielded an advantage over Trump in nearly every poll taken since the Democratic National Convention, one subject area in which he has shown the most strength is economic issues.
Hillary Clinton is running against a pseudo-fascist who wants to abolish the estate tax and deport 11 million people. And even if a Trans-Pacific Partnership flip-flop sent some of Bernie’s backers to Jill Stein, Clinton could probably make up their votes through the defections of moderate Republicanwomen.
In a rare show of humility by the boastful billionaire, Donald Trump is acknowledging that his presidential campaign faces challenges and could ultimately fall short.
In accepting the Democratic nomination last month, Clinton said her primary mission as president will be to create more “good jobs with rising wages”, especially in parts of the country that “for too long have been left out and left behind”.
But she also sought to harness an optimistic spirit, in bright contrast to Trump’s doom-and-gloom assessments about the country’s current status on the globe.
“He talked only of failure, poverty and crime”, Clinton said of Trump.
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Both candidates chose tightly contested MI – specifically, the Detroit area – to make their updated economic pitches.
