The 2016 presidential rivals set aside their latest campaign controversies Thursday to trade jabs on jobs, taxes and the economy – with Donald Trump casting Hillary Clinton as bad for the housing industry and the Democratic nominee accusing her opponent of offering “no credible plans” for working Americans.
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Speaking to a crowd at a rally at Futuramic Tool & Engineering in Warren, Mich., Clinton advocated for raising the minimum wage.
Hillary and Bill Clinton paid an effective federal tax rate of 35.7 percent and a combined federal, state, and local effective rate of 45.8 percent past year.
Trump, by contrast, has proposed lowering both corporate and small business rate to 15%.
He said Clinton would continue policies that destroyed cities like Detroit.
Clinton said she would stand up to China and any other country who “tries to take advantage of American workers and companies”.
“A Trump administration will end this war on the American worker and unleash an energy revolution that will bring vast new wealth to our country”, Trump told the Detroit Economic Club on Monday.
CBS2’s Tony Aiello reported Clinton said her plan to grow jobs and the economy includes investing $275 billion to build infrastructure, rewriting the tax code to penalize companies that move jobs overseas, and new tax incentives for firms that share profits with employees. More than two-thirds of pass-through income flows to the top 1 percent of tax filers, according to a study by the Center for Budget and Policy Priorities. Clinton’s 2015 tax rate, the source said, is expected to be consistent with her past returns. The NRA stresses that giving Clinton the ability to nominate Supreme Court justices is tantamount to giving her the power to redefine-or completely erase-gun rights, while Trump continually stresses that Clinton wants to “abolish the Second Amendment”.
Clinton has released tax returns every year dating back to 1997.
Trump, a NY businessman, has refused to release his tax returns, saying they are under audit by the Internal Revenue Service. The government agency, however, has said that an audit does not restrict Trump from releasing the returns.
“Right now the American economy is only working for the rigged system in Washington and on Wall Street, yet Hillary Clinton is running to keep things as they are”, said Dan Kowalski, deputy national policy director for Trump, in a statement.
Clinton’s own plan would raise taxes on the wealthiest taxpayers in various ways. And she’d cap itemized deductions at a tax value of 28 percent – meaning those in higher income brackets could shield less of their income from taxation.
The second part of Clinton’s strategy is challenging his business record.
Regarding Trump’s trade rhetoric, Clinton said: “His approach is based on fear, not strength”. She has not addressed reducing taxes for small businesses, many of which pay the so-called “pass-through” rate based on their personal income taxes.
“Media desperate to distract from Clinton’s anti-2A stance”, Trump said in a Tweet.
“I would be delighted to meet him any place, any time, between now and the election”, he said.
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Following a mostly successful convention and bus tour through economically depressed pockets of OH and Pennsylvania, Clinton is shaving Trump’s lead on the economy, from 10 points in June to 4 points in the most recent NBC poll.
