Clinton vows to raise taxes, reform Wall Street in effort to recapture progressives

Nov 2008
64,096
5,027
Washington state
#1



Democratic presidential frontrunner Hillary Clinton on Monday took a giant step toward letting Democratic voters know she’s representing the progressive agenda, calling for tax increases and more regulation on Wall Street -- while making a play for a liberal base that has been gravitating toward Sen. Bernie Sanders.
“I know as much as anybody, the role Wall Street should play for main street,” said Clinton, who vowed, if elected, to “rein in excessive risks” and appoint regulators to “prosecute firms and individuals” who break the law.
Clinton also vowed to increase taxes on large corporations and the country’s highest wage-earners, an apparent effort to recapture her party’s progressive base now captivated by surging primary challenger Sanders and the reformer agenda of Massachusetts Sen. Elizabeth Warren, who is not a 2016 candidate.
Clinton specifically vowed to revive efforts to institute the so-called Buffet Rule, which is essentially a 30 percent “millionaire tax.”
“Those at the top have to pay their share,” Clinton said during her roughly 35-minute speech at the New School, a New York City college and bastion for progressive ideals. “Wealthy financiers pay artificially low tax rates.”
Clinton also called for minimum-wage increases and urged companies to expand profit-sharing of corporate earnings with workers.
Clinton vows to raise taxes, reform Wall Street in effort to recapture progressive base | Fox News


Tax people more. How will that get her more votes. It sounds like a one liner Progressive use to get votes, but makes no difference to Washington. They just scoop up the extra money to pay off their extreme debt. Raise the minimum wages. How has that worked out so far? Not to well. Some companies cut back laborers or work employees less. Obamacare has created this same problem. Has Hillary ever run a business? She is losing votes to Bernie Sanders and getting desparate.




















 

RosieS

Former Staff
Mar 2013
9,260
7,756
Mother Mayo
#3
The next three Democratic Presidents will need to raise taxes to pay off the deficits caused by waging two wars at once.

Just one profligate Republican and the federal budget stays badly broken for decades.

Hillary is giving the GOP deficit reduction.

So shuddup.

Regards from Rosie
 
Likes: 4 people

Rorschach

Former Staff
Aug 2012
53,875
20,201
america
#4
Well, you have to admit that:

"Proletariat of the World UNITE"

Is a hell of a lot better as a Campaign Motto,than:

"What difference does it make....."
 
Likes: 4 people

Crusher

Former Staff
Aug 2011
28,355
9,254
Heaven Above
#5
Raise taxes on the Middle Class as her mentor said was the right move. The rich will always have attorneys and CPA's to get out of paying taxes.

Liberals will celebrate this attack on the Middle Class.
 
Nov 2008
64,096
5,027
Washington state
#6
The next three Democratic Presidents will need to raise taxes to pay off the deficits caused by waging two wars at once.

Just one profligate Republican and the federal budget stays badly broken for decades.

Hillary is giving the GOP deficit reduction.

So shuddup.

Regards from Rosie
I agree, a flat tax would work. Would simplify the tax code and we could almost eliminate the IRS
 

Nicnam

Former Staff
Dec 2013
14,926
4,010
*
#8
Psst all.....The link is Fox News. (nuff said)
Here is one from Forbes:

In what her campaign billed as a major economic policy speech today in New York, Democratic presidential frontrunner Hillary Clinton outlined her agenda for what she described as a Growth and Fairness Economy. And while she included a number of tax proposals, few were new. Indeed, the speech was most striking for being so conventional.

Clinton delivered the first hints of where she’d take the country’s tax policy starting in 2017. And she left out many specifics, not surprisingly promising them for later in the campaign. But most of her proposals are familiar—many have surfaced in past budgets offered by President Obama. And some long predated the current president.
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The campaign has a very long way to go and, with no serious competitor for the Democratic nomination, it is unsurprising that Clinton is doing her best to avoid policy controversy. But while promising to raise taxes on the rich while endorsing a series of modest new tax subsidies for the middle-class may be safe Democratic politics, it is also, well, not very interesting.
Hillary Clinton Outlines Her Play-It-Safe Tax Agenda

Obama's proposals are now Clinton's - color me shocked!!
 
Jul 2013
56,968
62,465
Nashville, TN
#9
Raise taxes on the Middle Class as her mentor said was the right move. The rich will always have attorneys and CPA's to get out of paying taxes.

Liberals will celebrate this attack on the Middle Class.
Clinton also vowed to increase taxes on large corporations and the country’s highest wage-earners, an apparent effort to recapture her party’s progressive base now captivated by surging primary challenger Sanders and the reformer agenda of Massachusetts Sen. Elizabeth Warren, who is not a 2016 candidate.
Clinton specifically vowed to revive efforts to institute the so-called Buffet Rule, which is essentially a 30 percent “millionaire tax.”
“Those at the top have to pay their share,” Clinton said during her roughly 35-minute speech at the New School, a New York City college and bastion for progressive ideals. “Wealthy financiers pay artificially low tax rates.”
Clinton also called for minimum-wage increases and urged companies to expand profit-sharing of corporate earnings with workers.
Point out the middle class tax increases in her speech? Or just admit you made the shit up out of whole cloth.
 
Likes: 1 person