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

Hillary Clinton Statement on CFPB Fine of Wells Fargo

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Yesterday, the Consumer Financial Protection Bureau imposed a $100 million fine on Wells Fargo for secretly creating hundreds of thousands of bank accounts for their customers. Hillary Clinton released the following statement:

“Yesterday, we learned that one of the largest banks in America secretly opened hundreds of thousands of bank and credit card accounts for their customers, moving money across accounts and charging fees without customer knowledge or consent. There is simply no place for this kind of outrageous behavior in America, and I applaud the Consumer Financial Protection Bureau for its forceful response.

Donald Trump wants to dismantle the CFPB and repeal the crucial rules we put on Wall Street after the financial crisis, but yesterday’s action is a stark reminder of why we need a strong consumer watchdog to safeguard against unfair and deceptive practices. And it’s yet another example of how much is at stake in this election.”

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: CFPB