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Hillary Clinton Remarks in Detroit, Michigan Democratic Presidential Candidate Hillary Clinton criticized the GOP candidates for their debate performance Thursday night saying instead of throwing insults at each other they should’ve been focused on issues such as growing the U.S. economy. The former Secretary of State’s comments came during a policy speech in Detroit, Michigan. In this speech she outlined some of her proposals to create more jobs and grow the economy.
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TRANSCRIPT
Hillary Clinton Calls for ‘New Bargain’ To Create More Good-Paying Jobs in America
Proposes ‘Clawback’ of Tax Benefits from Corporations that Ship Jobs Overseas
In a speech today at Detroit Manufacturing Systems, Hillary Clinton said that there has been a breakdown of America’s basic bargain – that fundamental idea that if you work hard and do your part, you’ll be able to get ahead and stay ahead – and outlined her plans for a “new bargain” to create more, good-paying jobs in America.
Clinton’s “new bargain” is built on three principles: (1) corporations have to do right by their communities and our country; (2) employers should treat workers like assets to be invested in, rather than costs to be cut, and; (3) government should stop rewarding greed and special interests, and instead invest in the sources of the good jobs of the future.
Hillary Clinton said, “Throughout this campaign, I’ve said that creating good-paying jobs and raising incomes is the defining economic challenge of our time, and that in order to get where I want us to go, we need growth that is strong, fair, and long-term. That’s why we need a new bargain for the new economy. A new bargain to ensure that the jobs of the future are good-paying American jobs. The kind that provide both good incomes and the dignity, pride and sense of purpose.”
Clinton specifically offered a new “clawback” proposal that would rescind tax relief and other incentives for corporations if they move overseas any jobs, facilities or production that had benefitted from the tax breaks. The revenue raised by the clawback would be used to encourage investment in the U.S. – including in the communities that had seen jobs or production depart.
Hillary Clinton said, “Corporations benefit in so many ways from being right here in the United States. But too often, this relationship feels like a one-way street. Too many are not holding up their end of the bargain. They don’t recognize that one of the biggest assets on their balance sheet in America.
Clinton has been working on this proposal with economic advisors in recent months as she has sought new ways to confront the problem of reduced economic patriotism
The “clawback” is now the third in a series of tax proposals she has put forward to confront corporations that walk out on America. In December, she called for an exit tax on companies that use the tax gimmick of an “inversion” to move their officially listed headquarters location abroad in order to reduce their tax bill here in the U.S. Later that same month, she outlined a plan to crack down on the practice of corporate “earnings stripping,” through which large, multinational corporations systematically shift profits overseas to avoid U.S. taxation.
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- Democratic presidential candidate, Hillary Clinton speaks with Deanne Austin, left, and Victoria Montgomery at the Detroit Manufacturing Systems plant, Friday, March 4, 2016, in Detroit. (AP Photo/Carlos Osorio)
There are people in both parties who think we can somehow shut ourselves off from the world. But even if the United States never signs another trade deal, globalization isn’t going away.
- Democratic presidential candidate, Hillary Clinton speaks with Deanne Austin at the Detroit Manufacturing Systems plant, Friday, March 4, 2016, in Detroit. (AP Photo/Carlos Osorio)
"As Detroit proves every day, what has been broken can be re-built, stronger than before." —Hillary in Michigan— Hillary Clinton (@HillaryClinton) March 4, 2016
"Michigan proves every day that American workers are the best in the world—all they need is a fair chance on a fair playing field." —Hillary— Hillary Clinton (@HillaryClinton) March 4, 2016
Corporations have to do right by their communities and our country. Too many aren’t holding up their end of the bargain.— Hillary Clinton (@HillaryClinton) March 4, 2016
"If you cheat your employees, exploit your customers, pollute our environment, or rip off taxpayers, we will hold you accountable." —Hillary— Hillary Clinton (@HillaryClinton) March 4, 2016
Companies have to start treating workers like assets to be invested in, not costs to be cut.— Hillary Clinton (@HillaryClinton) March 4, 2016
More money in the hands of wealthy people mostly just helps wealthy people—but more money in the hands of working people helps everyone.— Hillary Clinton (@HillaryClinton) March 4, 2016
"As we lay the foundation for a brighter future, we have to deal with the legacy of the past: barriers that hold back communities of color."— Hillary Clinton (@HillaryClinton) March 4, 2016
Creating good-paying jobs has to be a top priority for the next president. We’ve got to build on the progress we’ve made under @POTUS.— Hillary Clinton (@HillaryClinton) March 4, 2016
- Democratic presidential candidate Hillary Clinton slams her rivals' stance on the economy at the Republican debate in Detroit, says "it was basically an afterthought." Rough Cut (no reporter narration).
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