Democratic presidential candidate Hillary Clinton is adding to her package of economic revitalization plans this week with new tax incentives aimed at boosting American manufacturing and penalties for businesses that try to avoid taxes through offshore mergers. She promised to elaborate on the details of her proposal at upcoming campaign events in the crucial early-primary states of Iowa and New Hampshire, her campaign told Reuters. “Seeing industry leave our community has not been easy, but it’s great to know that Hillary has a plan to drive new innovators back into Central Florida”.
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Like Mr. Obama, Mrs. Clinton wants to prevent companies from leaving the US tax system by merging with a smaller foreign firm. They spoke on condition of anonymity ahead of the official campaign announcement.
America Rising is mostly focused on opposition research about Democratic front-runner Clinton, and America Rising Squared will bring the PAC’s “trademark aggressiveness” on politics to the policy side, Rogers said.
The plan is based on an existing tax provision in federal law, known as the New Markets Tax Credit, that has stirred controversy in Georgia.
In an op-ed published on Monday, Clinton pledged to take a tough approach toward financial regulation, saying she would impose a new risk fee on big banks, strengthen oversight and impose tougher penalties on executives and institutions that break the rules.
“Republicans may have made a decision to forget about the financial crisis that caused so much devastation – but I haven’t, ” she wrote. Obama played a round of golf with the former president as well.
The Clinton campaign also pointed to generic drug maker Caraco Pharmaceutical Laboratories’ closure of its Detroit factory in mid-2014 and layoff of 178 workers as another example of the kind of job losses that would trigger eligibility for the tax credits.
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Young people in the United States and Israel need to be educated about the value of the relationship between the two countries, Hillary Rodham Clinton said. Regarding corporate inversions, he has recommended lowering corporate taxes as a way to attract companies to keep their profits in the states. A stronger dollar makes USA exports to other countries more expensive and imports to America cheaper.
