In our continuing review of the economic policies being advocated by the 2016 presidential candidates, we move on now to the top Democratic contender, Hillary Clinton.
Clinton appeared on Friday at an auto parts manufacturer conference in Detroit where she proposed a “new bargain for the new economy” that would “bring back manufacturing jobs and increase collective bargaining rights.”
Her economic program reveals a wide-ranging plan for job growth that would provide incentives for corporations that invest in employees and strip tax benefits from companies that move jobs overseas, a proposal she called a “clawback.” Her plan would also place an exit tax on companies that move their headquarters overseas to pay a lower tax rate abroad — known as inversions.
CLINTON’S… ECONOMIC PROGRAM REVEALS A WIDE-RANGING PLAN FOR JOB GROWTH THAT WOULD PROVIDE INCENTIVES FOR CORPORATIONS THAT INVEST IN EMPLOYEES AND STRIP TAX BENEFITS FROM COMPANIES THAT MOVE JOBS OVERSEAS…
More Jobs, Higher Wages
Clinton believes that the implementation of this latest revision to the corporate tax code would create local jobs and lift wages, which have been virtually stagnant for 15 years even as the costs of college, child care, housing and health care have skyrocketed.
She would encourage participation in the workforce, especially for women who, for too long, have demanded and not received equal pay, paid leave, and affordable child care. Hillary believes women are crucial to the nation’s competitiveness and growth and are vital for lifting incomes for working families.
At the Detroit speech, Clinton reiterated the importance of providing tax incentives for companies that share profits with employees and repeated her suggestion to raise the federal minimum wage to $12 an hour. She would invest in infrastructure, clean energy, and scientific and medical research to create jobs and strengthen the economy.
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