Hillary’s Plan: The Economy

Under Clinton, Economy is “Stronger Together.”  Under Trump, Economy is “Billionaires First.”

Hillary Clinton believes our economy is stronger when we grow together. She’s put forward a comprehensive agenda to build an economy that works for everyone, not just those at the top — fighting for the largest investment in good-paying jobs since World War II, debt-free college, profit-sharing, tax fairness, and family-friendly policies like paid leave. Donald Trump, on the other hand, has put forward an agenda that showers billionaires and millionaires like himself with trillions in tax breaks and new loopholes, recklessly exploding the deficit while actually raising taxes on millions of middle-class families.

When John McCain’s former economic advisor studied the two plans, he actually calculated that under Hillary’s plans the economy would create 10.4 million jobs in her first term alone—while Trump’s plans would result in a “lengthy recession” and a loss of 3.4 million jobs.

*Trump has outsourced his products to at least 12 countries and routinely picks Chinese steel over U.S. manufacturers.

Hillary Clinton believes we need to build an economy that works for everyone, not just those at the top.  As president, Clinton will:

• Break through Washington gridlock to make the boldest investment in good-paying jobs since World War II
• Make debt-free college available to all Americans
• Rewrite the rules to ensure that workers share in the profits they help create
• Ensure that those at the top pay their fair share
• Put families first by matching our policies to how families live, learn, and work in the 21st century economy

Trump’s reckless agenda would shower billionaires and millionaires like himself with trillions in tax breaks and new loopholes, recklessly exploding the deficit while actually raising taxes on millions of middle-class families. Trump will:

• Enact a massive backdoor tax cut for billionaires and millionaires like himself, also known as “The Trump Loophole.”
• Widen the “carried interest” loophole by slashing tax rates on partnerships, including hedge funds and private equity firms.
• Get rid of the Wall Street reforms enacted after the recent crash, removing protections for consumers.
• Eliminate the estate tax, resulting in a $4 billion tax cut for his family alone — while giving 99.8% of Americans nothing.
• Actually raising taxes on millions of middle-class families.

Run up the national debt by nearly $21 trillion over 20 years.

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.

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

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

• Shut down the “private tax system” for the most fortunate, starting by immediately closing egregious loopholes and restoring basic fairness to our tax code.
• Reform our tax code to reward investments in America – and stop companies from shifting jobs and profits overseas

2. 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

3. 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

4. Rewrite the Rules So Workers Share in the Profits They Create

• Reward companies that share profits with their employees, not just their executives
• Fight for unions that built the American middle class and strengthen collective bargaining
• Encourage businesses to provide worker training and apprenticeships
• Make the minimum wage a living wage and fight for equal pay and overtime
• Guarantee paid leave and make affordable, high-quality childcare available to all

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

Hillary Clinton Announces Jobs Plan in Detroit

On Friday, Hillary Clinton gave a speech at an auto manufacturing plant in Detroit where she unveiled her jobs plan. Clinton’s proposed plan, dubbed the “New Bargain,” focuses on American works and rewards American companies who expand their domestic workforce. During her speech, she criticized Wall Street firms, spoke about the decline of labor unions, spoke out against Chinese trade practices, and bashed uneven executive pay. She said, “Companies have to start treating workers as assets to be invested in — not costs to be cut.”

In a speech that had a populist tone, Clinton focused on job creation and manufacturing in the United States. She covered a wide variety of topics including raising the minimum wage, taxing corporations that outsource jobs, and criticized “inversion” practices which allow corporations to merge with overseas corporations thus moving their headquarters and avoiding taxes.

During her speech, Clinton also spoke about the Republican debate, which took place in Detroit on Thursday night. She blasted Republicans for their anti-worker and pro-business policies. Clinton said that she was most offended by the lack of discussion of any material topics by the candidates, especially the economy. She speculated that they avoided the topic “because all of the Republican candidates support the same failing policies: cut taxes for the rich, get out of the way of corporations, don’t raise the minimum wage.” A video of Clinton’s speech is available on C-SPAN.

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

News Source: Detroit Free Press, CNN, Time