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Clinton’s goal: Erase Trump’s advantage on the economy
Clinton once called the TPP the “gold standard” of trade deals when she served as Obama’s secretary of state, but she announced her opposition to the deal previous year, saying it did not meet her standard for creating jobs, raising wages and protecting national security.
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Meanwhile, Clinton’s running mate, Sen. Tim Kaine, paid a 20.3-percent federal tax rate.
Departing from 40 years of tradition for presidential candidates, Trump has so far refused to release any of his tax returns for public inspection.
The release comes as Republican Donald Trump is facing criticism for not releasing his tax returns – a political practice that is not required by law but has been done by every White House nominee since 1973.
Critics, including 2012 Republican presidential nominee Mitt Romney, have blasted Trump for failing to disclose his tax rate and raised questions about what his returns say about his net worth and various business ties, particularly in Russian Federation.
On Thursday, Trump’s special counsel, Michael Cohen, told CNN he would not allow Trump to release them until the audits are complete.
Her speech Thursday afternoon in Warren is expected to draw heavily on her $125-billion Economic Revitalization Initiative plan, available at her website hillaryclinton.com.
That document gave only an estimate of Trump’s assets, liabilities and income.
Clinton also responded yesterday, saying, “Words matter my friends, and if you are running to be President, words can have tremendous consequences”, adding, “Yesterday, we witnessed the latest in a long line of casual comments from Donald Trump that cross the line”.
He has tangled with party leaders, clashed with the parents of a fallen Muslim American Army captain and this week accused Clinton, a former secretary of state, and President Barack Obama of “founding” the Islamic State militant group.
Trump’s comment and the resulting backlash occurred as Reuters/Ipsos polling showed some 44 percent of 1,162 registered voters believe Trump should exit the race, and that as of Tuesday, Clinton led Trump by more than 7 percentage points, up from a 3-point lead late last week.
At a Clinton rally last week in Omaha, Nebraska, Buffett, whose Berkshire Hathaway BRKa.N conglomerate is based there, challenged Trump to meet and exchange tax returns.
Clinton has shared tax returns for every year going back to 1977.
The latest tax return shows the Clintons made far less than the almost $28 million they did in 2014.
“I absolutely support Donald Trump’s candidacy, and I like him”, Mike Causey, a candidate for state insurance commissioner, said.
The Clintons’ 2015 return showed that, unlike most Americans, just $100 of their income came from wages.
She has also taken aim at his proposal to eliminate the so-called carried interest loophole, which she says would be replaced by an even bigger tax advantage for hedge fund managers and private equity executives under his plan to streamline the income tax code into three brackets.
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