Hillary Clinton’s Vision for An Economy Where Our Businesses, Our Workers, and Our Consumers Grow and Prosper Together

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On Monday, Hillary Clinton and Hillary for America announced a plan that will ensure that businesses, workers, and consumers can all grow and prosper together. This would be a stark contrast from today’s economy in which one typically suffers at the expense of the others. HFA released details of her plan which are outlined below. The full plan can be read on The Briefing.

Hillary Clinton believes we need to build an economy that works for everyone, not just those at the top. But today, there are still powerful interests fighting to protect their own profits and privileges at the expense of everyone else. Too many of the rules and incentives in our economy encourage those at the top to abuse their power and take advantage of consumers, workers, small businesses, and taxpayers. That makes it tougher for even well-meaning CEOs to take the high road.

In recent months, we’ve seen three egregious examples of these problems. We saw a drug company, Mylan, excessively raise the price of lifesaving EpiPens without justification. We saw one of our country’s biggest banks, Wells Fargo, bully thousands of employees into committing fraud on unsuspecting customers. And now we’ve learned the latest on Donald Trump: In one year, he lost nearly a billion dollars; he stiffed small businesses, laid off workers, and walked away from hardworking communities; and he apparently got to avoid paying taxes for nearly two decades—while tens of millions of working families paid theirs. That’s what he calls “smart” business.

Today, Clinton is offering her vision for an economy where our businesses, our workers, and our consumers grow and prosper together. She’s outlining a set of proposals to rewrite the rules so that more companies that do right by workers, small businesses, customers, and taxpayers.

Clinton will:

  1. Eliminate Tax Breaks that Allow Corporations and the Wealthy to Avoid Paying Their Fair Share
  1. Protect Consumers from Unfair and Deceptive Practices
  • Strengthen consumer financial protection, including by restricting practices that businesses like Wells Fargo have used to lock the consumers they’ve harmed out of court
  • Respond to unjustified price increases in long-standing, lifesaving drugs like EpiPens
  1. Promoting Free and Fair Competition and Stopping Big Businesses from Hurting Small Business
  • Crack down on big companies that repeatedly exploit their power to stiff small businesses – and give small businesses the power to respond
  • A new commitment to promote competition, address excessive concentration and the abuse of economic power, and strengthen antitrust laws and enforcement
  1. Rewrite the Rules So Workers Share in the Profits They Create

Full fact sheet available here.

For all the latest, follow our Scheduled Events page and follow Clinton on Twitter, Facebook, YouTube, and Instagram. Also, be sure to subscribe to the campaign’s official Podcast, With Her.

News Source: The Briefing

Clinton Counters Trump’s Economic Message in Michigan Speech

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Hillary Clinton attacked Donald Trump’s economic plan in a speech in Warren, Michigan. She hit Trump hard calling him the enemy of “the little guy” and that his economic agenda would be beneficial for him and his businesses, but would write off everyone else. “There is a myth out there that he’ll stick it to the rich and powerful because, somehow, at heart, he’s really on the side of the little guy. Don’t believe it,” she said. Clinton then gave a point-by-point rebuttal to Trump’s plan by describing her plans to increase taxes on the wealthy, make big businesses pay higher taxes when they outsource their workforce, and improve the nation’s infrastructure. She argued that her plan will create more jobs and build the economy at a faster pace.  A video from the event is below, and a transcript of Clinton’s speech can be read HERE.

For all the latest, follow our Scheduled Events page and follow Clinton on Twitter, Facebook, and Instagram.

News Source: The New York Times, Detroit Free Press, Newsweek

Clinton Proposes Protections for Small Business

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On Thursday, Hillary Clinton and her campaign released her proposal to protect small businesses that do business with larger businesses. Clinton cited the failure of Republican Donald Trump’s Atlantic City casino as an example of a decision that harmed a number of small, local businesses. The key point of the plan to prevent big business from stiffing small businesses when the bill is due. The plan would give small business owners the tools to fight back. The full proposal can be read on The Briefing, but an outline of the plan is below:

  • Enhance legal protections for small businesses that are repeatedly stiffed by large firms and give them better tools to protect themselves against predatory behavior by large companies.
  • Use the leverage of more than $400 billion in federal government contracting to encourage businesses to pay their suppliers in full and on time.
  • Expand working capital for small businesses so they can thrive and grow, and weather difficulties when larger customers stiff them or do not pay on time.
  • Strengthen oversight and penalties when large companies repeatedly stiff smaller businesses and give small businesses better tools to protect themselves against predatory behavior.
    • Ensure federal regulatory oversight of proven bad actors.
    • Stop large companies from using expensive litigation hurdles to deny small businesses their right to a remedy – and give small businesses recourse to take on predatory behavior.
  • Use the leverage of more than $400 billion in federal government contracting to ensure big businesses pay their suppliers on time.
    • Push for prompt payment through the power of the federal purse.
    • Expedite payments to federal contractors.
    • Increase federal contracting with small businesses.
  • Expand support for working capital so small businesses can grow and thrive.
    • Expand access to working capital.
    • Lower working capital fees for small businesses in underserved communities.

For all the latest, follow our Scheduled Events page and follow Clinton on Twitter, Facebook, and Instagram.

News Source: The Briefing, The Washington Post