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Clinton to propose increasing capital gains taxes
“Black lives matter. Everyone in this country should stand firmly behind that”. Clinton faced similar criticism last month when she told a group at a black church in Missouri that “all lives matter”. Clinton avoided the conference, and as a result got to answer the questions the protesters were asking Sanders and O’Malley from the safety and security of the Facebook chat. “We need to acknowledge some hard truths about race and justice in this country, and one of those hard truths is that that racial inequality is not merely a symptom of economic inequality”. Asked what she would do to begin dismantling “structural racism” in the nation, she began her response by writing, “Black lives matter”, a saying that’s been adopted by activists.
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Democratic front-runner Hillary Clinton answered the people’s questions today. Currently, gains on securities held for more than a year are taxed at the same rate as those held for decades.
The Wall Street Journal reported Mondaythat she wants to raise certain capital gains taxes in part to encourage long-term investment over short-term profits.
On the capital gains tax, Mrs. Clinton confirmed a Journal report that later this week she will announce a proposal to revamp the tax so it hits short-term investors with higher rates.
“I wouldn’t raise it above the 20 percent, if I raised it at all“, Clinton said in an April 2008 debate. Clinton responded: “Yes. This is a big difference I have with most of the Republican candidates”.
“Both business leaders and labor leaders have been speaking out about this in recent years”, Clinton indicated.
Earlier this year, Obama proposed increasing the rate to 28 percent for the highest earners.
He said there were already strong incentives for individuals to hold onto assets, and the dividends they can produce, for a long time.
Asked about how she’d curtail Wall Street misconduct, Clinton offered a few specific policy proposals – noting that Tuesday is the fifth anniversary of the Dodd-Frank financial regulatory reform law, and saying she wants to go further.
She said she also would “appoint and empower tough, independent-minded regulators” and give them resources to do their jobs. She also hinted at plans to modify the government fines corporations pay for wrongdoing so that the fees also target the bonuses of executives involved. From Illinois to New York to Washington D.C., Hillary Clinton has hung her hat in many places, but Arkansas will always be a home. Among the thousands of questions Clinton received, it appeared she responded to just 12 questions – four of which were posed by reporters. “It’s a daily challenge”.
She touched on some other substantive topics, including immigration reform. McCaskill, after all, is defending Clinton, a candidate who has taken enormous sums of money from a Wall Street crowd that has introduced an extreme degree of inequality into the US through its speculation and lobbying.
Since leaving the State Department in 2013, Clinton spent most of her time keeping the press – and questions in general – at arm’s length.
Still, Clinton’s campaign is making an effort to improve on the candidate’s prickly relationship with the media.
The former secretary of state was responding to a reporter’s question during a Facebook chat.
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It wasn’t necessarily planned this way, but Hillary Clinton took questions from reporters on Monday.