Hillary Clinton Has a Plan to Raise American Incomes
Economy
Strong growth
Hillary
will invest in infrastructure, clean energy, and scientific and medical
research to create jobs and strengthen our economy. And she’ll provide
tax relief to working families and small businesses. That’s how we’ll
move toward a full employment economy that creates jobs, pushes
businesses to compete over workers, and raises incomes.
Provide tax relief for families.
Hillary will cut taxes for hard-working families to increase their
take-home pay as they face rising costs from child care, health care,
and sending their kids to college. She is calling for extending a tax
cut of up to $2,500 per student to help deal with college costs as part
of her New College Compact, and for cutting taxes for businesses that share profits with their employees.
Unleash small business growth.
Hillary’s father owned a small business—and she understands that small
businesses are the backbone of jobs and growth in America. She’s put
forward a small-business agenda to expand access to capital, provide tax relief, cut red tape, and help small businesses bring their goods to new markets.
Create a New College Compact.
Hillary’s New College Compact will invest $350 billion so that students
do not have to borrow to pay tuition at a public college in their
state. Her plan will also significantly cut interest rates on student
loans and enable an estimated 25 million Americans with student debt to
refinance at today’s lower rates, saving the typical borrower $2,000
over the life of their loans.
Boost public investment in infrastructure and scientific research.
One of the best ways to drive jobs and improve our nation’s
competitiveness is to invest in infrastructure and scientific research.
Hillary has called for a national infrastructure bank that would
leverage public and private funds to invest in projects across the
country. She will call for reform that closes corporate tax loopholes
and drives investment here, in the U.S. And she would increase funding
for scientific research at agencies like the National Institutes of
Health and the National Science Foundation.
Lift up participation in the workforce—especially for women.
For too long, issues like equal pay, paid leave, and affordable child
care have been put off to the side as "women's issues." Hillary believes they are crucial to our competitiveness and growth—and to lifting incomes for working families.
Fair growth
Inequality
is a drag on our economy, and to get incomes rising again, we need to
renew our country’s basic bargain. With near-record corporate profits
and stagnant wages, the deck is stacked against working Americans. If
you work hard, you deserve to get ahead and stay ahead.
Ensure more workers share in near-record corporate profits.
Corporate profits are near record highs—but workers have not shared
through rising wages. Profit sharing is linked to higher pay, benefits,
and productivity. That’s why Hillary’s plan creates a 15 percent tax credit for companies that share profits with workers on top of wages and pay increases.
Raising the minimum wage and strengthening overtime rules.
Hillary believes we are long overdue in raising the minimum wage. She
has supported raising the federal minimum wage to $12, and believes that
we should go further than the federal minimum through state and local
efforts, and workers organizing and bargaining for higher wages, such as
the Fight for 15 and recent efforts in Los Angeles and New York to
raise their minimum wage to $15. She also supports the Obama
administration’s expansion of overtime rules to millions more workers.
Reform our tax code so the wealthiest pay their fair share.
Hillary supports ending the “carried interest” loophole, enacting the
“Buffett Rule” that ensures no millionaire pays a lower effective tax
rate than their secretary, and closing tax loopholes
and expenditures that benefit the wealthiest taxpayers to pay for her
plan to make college affordable and refinance student debt.
Expand early learning. Hillary’s proposal would work to ensure that every 4-year-old in America has access to high-quality preschool in the next 10 years.
Long-term growth
It's time to push back against the forces of "quarterly capitalism" and boom and bust cycles on Wall Street.
Put an end to “quarterly capitalism.”
We need an economy where companies plan for the long run and invest in
their workers through increased wages and better training—leading to
higher productivity, better service, and larger profits. Hillary will
revamp the capital gains tax to reward farsighted investments that
create jobs. She’ll address the rising influence of the kinds of
so-called “activist” shareholders that focus on short-term profits at
the expense of long-term growth, and she’ll reform executive
compensation to better align the interests of executives with long-term
value.
Impose accountability on Wall Street.
Nowhere will the shift from short-term to long-term thinking be more
important than on Wall Street. Hillary will defend the Wall Street
reforms put in place after the financial crisis—and she’ll go further.
She’ll tackle dangerous risks in the financial sector, and she’ll
appoint and empower tough, independent regulators and prosecute
individuals and firms when they commit fraud or other criminal
wrong-doing.
Read more >>>>
Stand with Hillary if you agree:
It’s time to help families get ahead and stay ahead.
