Clinton Proposes 4% “Fair Share Surcharge”

U.S. Democratic presidential candidate Hillary Clinton addresses supporters at the Electric Park Ballroom in Waterloo, Iowa January 11, 2016. REUTERS/Aaron P. Bernstein – RTX21X9X

On Monday, Hillary Clinton hosted a organizing event in Waterloo, Iowa where she received the endorsement of Transportation Secretary Anthony Foxx. He introduced Clinton, praising her infrastructure proposal to fix roads, bridges, public transportation systems, water systems, and increase broadband Internet. Of Clinton’s diverse background and experience, he said, “It’s not just something she read in a book. It’s something she has done.”

Clinton then spoke, unveiling a proposed 4% tax on individuals making more than $5 million per year. The plan would raise approximately $150 billion over ten years, and would only affect .02% of taxpayers. The plan, dubbed the “Fair Share Surcharge” is in addition to following the Buffett Rule for taxing those who make over $250,000 a year. Clinton pledged again that she would not raise taxes on those making less than $250,000, something that her Democratic primary rival Bernie Sanders can not pledge to. Read more of Clinton’s plan on The Briefing. A video from the event will be posted when/if available.

Tonight, Clinton is in Iowa for the Brown and Black Presidential Forum. For all the latest, follow our revamped Scheduled Events page and follow  Clinton on Twitter, Facebook, and Instagram.

News Source: The Miami Herald, Time, WHOtv, The Briefing

Clinton Supports Buffett Rule

Democratic presidential candidate Hillary Clinton laughs as billionaire investor Warren Buffett speaks at a Clinton Grassroots Organizing Event in Omaha, Nebraska, Decenber 16, 2015.

Today in Omaha, Nebraska, Hillary Clinton received the endorsement of billionaire investor Warren Buffet. He introduced Clinton during an event held at Sokol Auditorium where she gave a speech outlining part of her tax plan, including her support of the Buffett Rule. The proposed Buffett Rule would set a minimum tax rate on individuals making over one million dollars a year. With the loopholes of the tax system, many who making over $250,000 a year pay a lower percentage in taxes than someone making significantly less. Clinton said that her agenda would increase taxes on the wealthy to ensure they pay their fair share while cutting taxes for the middle class. She also outlined a number of tax credits that would be made available for heath care and care for the elderly. Clinton said, “I want to be the president for the struggling, the striving and the successful.” A video of Buffett’s introduction and Clinton’s speech is below.

This afternoon, Clinton also attended an event in Iowa. Details will be posted later. For all the latest, follow our Scheduled Events page and follow Clinton on Twitter, Facebook, and Instagram.

News Source: The New York Times, KETV