Hillary Clinton offers some good ideas – lifting the statute of limitations that could derail prosecutions of Wall Street executives at the center of the 2008 financial crisis, for instance – in a New York Times OpEd piece published Monday.
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Clinton’s campaign is set to release details of her pro-manufacturing plan in New Hampshire, which hosts the first-in-the-nation presidential primary in February.
In an interview on ABC’s “This Week”, the former US Secretary of State explained why exactly she will not say these words, despite criticisms being hurled towards her.
“We need to tackle excessive risk wherever it lurks, not just in the banks”, she said.
The number of “tax inversion” deals, in which a large American company merges with one in a lower tax country and moves its headquarters to that country, thus only having to comply with its tax rate, has recently been on the rise.
Officials for Hillary Clinton’s 2016 Democratic presidential campaign on Tuesday detailed a new strategy that seeks to to grow middle class incomes by promoting and keeping manufacturing jobs in the U.S. At a rally in Colorado last month Clinton said that she has “deep concerns” about the merger. “I want the Treasury Department to do everything it can to stop that kind of behavior and call it for what it is: gaming the tax system”.
“Secretary Clinton is right to fight back against Republicans trying to sneak Wall Street giveaways into the must-pass government funding bill”, MA senator and populist Democratic superstar Elizabeth Warren wrote on Facebook Monday, sharing Clinton’s op-ed to her almost two million “friends”. And Hillary herself has made enormous amounts of money in paid speeches to Goldman Sachs and others.
Under Clinton’s plan, communities also could choose an option that exempts those who invest longer than five years from paying capital gains taxes on the proceeds.
“Fight them in the air, fight them on the ground, fight them online”, the candidate says.
Presidents from both parties have repeatedly asked Wall Street heavyweights to manage top government positions.
A program of the scale that Clinton favors likely would cost billions of dollars a year. Obama played a round of golf with the former president as well.
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“We have a socialist running strong in the Democratic party”, he said. “These written aspirations of getting tough on inversions, of more independent financial enforcement, they all sound great”, Hauser said.
