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originally posted by: buckwhizzle
I thought they weren't going to spike the football on the killing of OBL?
Especially in places that for too long have been left out and left behind. From our inner cities to our small towns, from Indian Country to Coal Country. From communities ravaged by addiction to regions hollowed out by plant closures. And here's what I believe. I believe America thrives when the middle class thrives. I believe that our economy isn't working the way it should because our democracy isn't working the way it should. That's why we need to appoint Supreme Court justices who will get money out of politics and expand voting rights, not restrict them. And we'll pass a constitutional amendment to overturn Citizens United! I believe American corporations that have gotten so much from our country should be just as patriotic in return. Many of them are. But too many aren't. It's wrong to take tax breaks with one hand and give out pink slips with the other. And I believe Wall Street can never, ever be allowed to wreck Main Street again. I believe in science. I believe that climate change is real and that we can save our planet while creating millions of good-paying clean energy jobs. I believe that when we have millions of hardworking immigrants contributing to our economy, it would be self-defeating and inhumane to kick them out. Comprehensive immigration reform will grow our economy and keep families together - and it's the right thing to do. Whatever party you belong to, or if you belong to no party at all, if you share these beliefs, this is your campaign. If you believe that companies should share profits with their workers, not pad executive bonuses, join us. If you believe the minimum wage should be a living wage… and no one working full time should have to raise their children in poverty… join us. If you believe that every man, woman, and child in America has the right to affordable health care…join us.
originally posted by: neo96
Shes falling short.
Hillary’s formally proposed $1 trillion net tax increase consists of the following:
Income Tax Increase – $350 Billion: Clinton has proposed a $350 billion income tax hike in the form of a 28 percent cap on itemized deductions.
Business Tax Increase -- $275 Billion: Clinton has called for a tax hike of at least $275 billion through undefined business tax reform, as described in a Clinton campaign document.
“Fairness” Tax Increase -- $400 Billion: According to her published plan, Clinton has called for a tax increase of “between $400 and $500 billion” by “restoring basic fairness to our tax code.” These proposals include a “fair share surcharge,” the taxing of carried interest capital gains as ordinary income, and a hike in the Death Tax.
But there are even more Clinton tax hike proposals not included in the tally above. Her campaign has failed to release specific details for many of her proposals. The true Clinton net tax hike figure is likely much higher than $1 trillion.
Capital Gains Tax Increase -- Clinton has proposed an increase in the capital gains tax to counter the “tyranny of today’s earnings report.” Her plan calls for a byzantine capital gains tax regime with six rates. Her campaign has not put a dollar amount on this tax increase.
Tax on Stock Trading -- Clinton has proposed a new tax on stock trading. Costs associated with this new tax will be borne by millions of American families that hold 401(k)s, IRAs and other savings accounts. The tax increase would only further burden markets by discouraging trading and investment. Again, no dollar figure for this tax hike has been released by the Clinton campaign.
“Exit Tax” – Rather than reduce the extremely high, uncompetitive corporate tax rate, Clinton has proposed a series of measures aimed at inversions including an “exit tax” on income earned overseas. The term “exit tax” is used by the campaign itself. Her campaign document describing this proposal says it will raise $80 billion in tax revenue, but claims some of the $80 billion will be plowed into tax relief. How much? The campaign doesn't say.
Hillary has endorsed several tax increases on middle income Americans, despite her pledge not to raise taxes on any American making less than $250,000. She has said she would be fine with a payroll tax hike on all Americans, she has endorsed a steep soda tax, endorsed a 25% national gun tax, and most recently, her campaign manager John Podesta said she would be open to a carbon tax. It’s no wonder that when asked by ABC's George Stephanopoulos if her pledge was a "rock-solid" promise, she slipped and said the pledge was merely a “goal.” In other words, she's going to raise taxes on middle income Americans.