Issues you haven’t heard discussed in the campaign, 1: Clinton, on fair taxes

November 3, 2016

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Slide from the Motley Fool on Clinton’s tax plan; slide is from 2015, Clinton’s position isn’t changed much. She knows what needs to be done.

With an assist from Warren Buffet.

This is wholly purloined from the campaign website for Hillary Clinton (unless otherwise noted), just to try to get a little discussion going on the real issues of the campaign.

Millard Fillmore’s Bathtub may do an entire series on issues not yet discussed, less than a week before the vote. Consider it public service, in the spirit of Fillmore, who remained ever conversant in public affairs and anxious to take a role to push for policies to improve America, as he saw it — and who, supported by his wives, founded the White House Library, the Buffalo and Erie County Historical Society, and the University of Buffalo (now SUNY-Buffalo) to further knowledge.

It’s outrageous that multi-millionaires and billionaires are allowed to play by a different set of rules than hardworking families, especially when it comes to paying their fair share of taxes.

Hillary, January 11, 2016

Hillary Clinton believes that we need an economy that works for everyone, not just those at the top. But when it comes to taxes, too often the wealthiest and the largest corporations are playing by a different set of rules than hardworking families.

Hillary is committed to restoring basic fairness in our tax code and ensuring that the wealthiest Americans and large corporations pay their fair share, while providing tax relief to working families. That’s not only fair, it’s good for economic growth, because she will use the proceeds to create good-paying jobs here in America—and make bold investments that leave our economy more competitive over the long run.

As president, Hillary will:

  • Restore basic fairness to our tax code. Hillary will implement a “fair share surcharge” on multi-millionaires and billionaires and fight for measures like the Buffett Rule to ensure the wealthiest Americans do not pay a lower tax rate than hardworking middle-class families. She’ll close loopholes that create a private tax system for the most fortunate, and she’ll ensure multi-million-dollar estates are paying their fair share of taxes. Read the fact sheet
  • Close corporate and Wall Street tax loopholes and invest in America. Hillary will close tax loopholes like inversions that reward companies for shifting profits and jobs overseas. She will charge an “exit tax” for companies leaving the U.S. to settle up on their untaxed foreign earnings. She will close tax loopholes that let Wall Street money managers pay lower rates than some middle-class families. And she’ll reward businesses that invest in good-paying jobs here in the United States. Read the fact sheet
  • Simplify and cut taxes for small businesses so they can hire and grow. The smallest businesses, with one to five employees, spend 150 hours and $1,100 per employee on federal tax compliance. That’s more than 20 times higher than the average for far larger firms. We’ve got to fix that.
  • Provide tax relief to working families from the rising costs they face. For too many years, middle-class families have been squeezed by rising costs for everything from child care to health care to affording college. Hillary will offer relief from these rising costs, including tax relief for Americans facing excessive out-of-pocket health care costs and for those caring for an ill or elderly family member.
  • Pay for ambitious investments in a fiscally responsible way. Hillary believes that we can afford to pay for ambitious, progressive investments in good-paying jobs, debt-free college, and other measures to strengthen growth, broaden opportunity, and reduce inequality. Hillary will use the proceeds from ensuring the wealthiest and the largest corporations pay their fair share to pay for these investments without adding to the debt.

Read the fact sheet

Related:

What do you think? What do your numbers show?

More, not from Clinton’s campaign:


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