2016 Postmortem
Related: About this forumHillary Clinton: A Fair Tax System Talking Points Memo
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The Brief
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. Thats not only fair, its good for economic growth, because she will use the proceeds to create good-paying jobs here in Americaand make bold investments that leave our economy more competitive over the long run.
- 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. Shell close loopholes that create a private tax system for the most fortunate, and shell ensure multi-million-dollar estates are paying their fair share of taxes.
- 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 shell reward businesses that invest in good-paying jobs here in the United States.
- 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. Thats more than 20 times higher than the average for far larger firms. Weve 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.
Fact Sheet
https://www.hillaryclinton.com/briefing/factsheets/2016/01/12/investing-in-america-by-restoring-basic-fairness-to-our-tax-code/
The Not So Brief
Corporate giants found a way to exploit tax loopholes. Hillary Clinton has a plan to stop them.
https://www.hillaryclinton.com/feed/corporate-giants-found-way-exploit-tax-loopholes-hillary-clinton-has-plan-stop-them/
Ending inversions and investing in America
https://www.hillaryclinton.com/briefing/factsheets/2015/12/08/ending-inversions-and-investing-in-america/
To ensure tax fairness, Clinton unveils new fair share surcharge on multi-millionaires
https://www.hillaryclinton.com/briefing/factsheets/2016/01/11/to-ensure-tax-fairness-clinton-unveils-new-fair-share-surcharge-on-multi-millionaires/
TomCADem
(17,682 posts)Woot! Policy! Not the apocryphal ranting of an orange individual.