Democratic presidential candidate Hillary Clinton said Sunday she would take the relationship between the USA and Israel “to the next level”, but warned that solving the Israeli-Palestinian conflict would not be enough to stabilize the entire region.
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On Wednesday, Clinton will propose spending the revenue raised by the “exit tax” to boost manufacturing jobs in the United States, according to campaign aides who spoke to the AP on condition of anonymity ahead of the official campaign announcement. Now Clinton is putting more heat on the industry, laying out a new proposal to curb corporate tax inversions weeks after Pfizer ($PFE) announced that it would merge with Allergan ($AGN) to reap the benefits of a lower tax rate.
“Cleveland, along with the rest of OH, has experienced years of shifting industry and closing manufacturing plants”, said U.S. Rep. Marcia Fudge, a Warrensville Heights Democrat and Clinton backer. “Nor would restoring Glass-Steagall help contain other parts of the “shadow banking” sector, including certain activities of hedge funds, investment banks and other non-bank institutions”, she added, vowing to crack down on that sector.
“The correct position of Wall Street is to assist Main Street develop and prosper”, Clinton wrote.
U.S. Rep. Ruben Gallego, D-Ariz., a Clinton supporter who represents a Phoenix-based congressional district, applauded her proposal.
But Warren, a thorn in the side of big banks and whom some progressives would mount a presidential bid of her own, came out with new praise for Clinton, as the Democratic presidential frontrunner ramps up her push for Wall Street reform.
“I think…that’s what we’ll hear from the president, an intensification of the existing strategy”.
Clinton would levy a new “exit tax” on companies entering into these deals.
An op-ed in Ynet on Monday hailed the speech as “warm and sympathetic”, as well as a chance for Clinton to distance herself from President Barack Obama. Republican presidential front-runner Donald Trump, the billionaire real estate mogul, has said Pfizer’s departure “is disgusting” and American politicians “should be ashamed”.
Clinton also said she would robustly enforce the Iran nuclear deal, and emphasized that she would consider military action as an option should Iran violate the deal and advance toward a nuclear weapon.
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“My plan will help spur reinvestment in communities right here in Georgia that have lost jobs because of factory closures”, said Hillary Clinton. “There’s these really deep problems in our financial system, and the dollar’s relative strength is making it more hard to produce things here in the U.S”. USA companies would be required to pay American taxes on foreign profits that have already been deferred for US taxation.
