“Revitalizing our manufacturing communities and bringing back good jobs in Atlanta and across the state of Georgia must be a priority”, said Rep. David Scott, D-Atlanta, who praised Clinton’s tax cut package.
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While Clinton’s proposal would apply to any company trying to launch a tax inversion deal, the move comes at a pivotal moment in the pharma industry.
The plan, Sperling said, would be paid for largely by the estimated billions of dollars that will be raised through closing tax avoidance loopholes some US companies take advantage of. “A tax credit might create a few jobs in these struggling places, but it’s not the solution at all”. They also limit the practice of artificially reducing or enlarging the size of a US company to meet requirements that the owners of the USA entity own less than 80 percent of the merged company.
“I don’t think a tax credit is necessarily going to do the job”, he said.
The proposed credits, which are modeled on the New Market Tax Credit, include a zero capital gains option on long-term investments, as well as relief for renovating, refurbishing or repurposing plants, the campaign said in a fact sheet.
Speaking about how Silicon Valley can help in shutting down the operations of ISIS, Clinton said, “We need to put the great disrupters at work at disrupting ISIS”.
Gendville at first said she was still “on the fence” and spoke admiringly of the “magnetism” of Hillary and Bill Clinton, but also offered a strong critique of the former first lady.
Clinton’s main rival for the Democratic nomination, Vermont Sen. In a guest column a year ago for cleveland.com and The Plain Dealer, Roman wrote that one of the partnership’s development affiliates had leveraged more than $100 million worth of incentives into 30 projects.
“My plan will help spur reinvestment in communities that have lost jobs because of factory closures”, Clinton said. The Democrats have won industrial powerhouse Michigan’s electoral votes in every presidential election since Bill Clinton’s victory here in 1992.
“You have to do things to keep the base happy”, Larry Sabato, director of the University of Virginia’s Center for Politics, told The Detroit News.
Clinton was outlining her manufacturing proposal on Tuesday in New Hampshire, and will discuss ways to discourage so-called corporate “inversions” during stops on Wednesday in Iowa.
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And while the president’s suggestion has run into staunch opposition in the Republican-controlled Congress, Clinton insisted that plans such as Pfizer’s “leave USA taxpayers holding the bag”.
