Jobs and Business Policy

Donald Trump

Trump's Jobs and Business Policy (section page):

• “I have created tens of thousands of jobs" (RD3)

• "I'll bring back our jobs from China, from Mexico, from Japan, from so many places. I'll bring back our jobs, and I'll bring back our money." (The International Economy)

• Claimed that the real unemployment rate is 42%(DTI)

• Tariffs on Mexico and China
  • 35% tax on Ford cars made in Mexico and sold in the US (DTS)
    • WSJ states this tax would violate NAFTA treaty. [1]
• Tax Chinese goods by 45% (DTI)

• Increase Infrastructure Spending
  • "The only one to fix the infrastructure of our country is me - roads, airports, bridges. I know how to build, pols only know how to talk!" (DTT)

Rand Paul

Paul's Jobs and Business Policy (section page):

Jobs

Help the unemployed through lowered taxes:

"Well, you know, there are competing influences in the Republican Party. We've lost two presidential elections in a row. So some people say we need to dilute our message, we need to become Democrat-lite. And then there are some like myself who say, No, no, we need to be more bold with our message. We need to be the party that's not for revenue-neutral tax reform, we need to be the party that actually wants to lower taxes to stimulate the economy and be proud of that, and that it will help poor people, it'll help the unemployed if we lower taxes dramatically. And I think that's being more bold, and I think that actually will bring more people to our cause." (OTI - J)

Unemployment benefits are okay in short-term if paid-for; long-term unemployments/extensions to unemployment benefits do workers a disservice

"I do support unemployment benefits for the 26 weeks that they're paid for. If you extend it beyond that, you do a disservice to these workers. There was a study that came out a few months ago, and it said, if you have a worker that's been unemployed for 4 weeks and on unemployment insurance and one that's on 99 weeks, which would you hire? Every employer, nearly 100%, said they will always hire the person who's been out of work 4 weeks. When you allow people to be on unemployment insurance for 99 weeks, you're causing them to become part of this perpetual unemployed group in our economy. And while it seems good, it actually does a disservice to the people you're trying to help. You know, I don't doubt the president's motives. But black unemployment in America is double white unemployment. And it hasn't budged under this president." (OTI - J)

Introduced the National Right-to-Work Act, S.204, subtitled "A bill to preserve and protect the free choice of individual employees to form, join, or assist labor organizations, or to refrain from such activities."

"Every American worker deserves the right to freedom of association--and I am concerned that the 26 states that allow forced union membership and dues infringes on these workers' rights."

• Right-to-work laws are essentially government intervention into what used to be private matters between employers and employees, but they lift the most onerous parts of labor union agreements which demand either the complete exclusion of non-union workers from being employed by a union shop or requiring any non-union workers to support the union with their dues anyway. (OTI - J)

Business

Combatting Regulation

"Counteracting excessively burdensome government regulations has become a centerpiece of my tenure in Washington. All my actions seek to find a balance between environmental, safety and health protection, without compromising the ability of family businesses to flourish." (RPW - TR)

"As President, I will cut regulations and take power away from unelected bureaucrats who are trampling our freedom and rights. I will place common sense and reasonable limitations on a bureaucracy that seeks to target well-intentioned businesses with burdensome regulations." (RPW - TR)

Lowering Tax Rates

"Most important, a smart tax system must turbocharge the economy and pull America out of the slow-growth rut of the past decade. We are already at least $2 trillion behind where we should be with a normal recovery; the growth gap widens every month. Even Mr. Obama’s economic advisers tell him that the U.S. corporate tax code, which has the highest rates in the world (35%), is an economic drag. When an iconic American company like Burger King wants to renounce its citizenship for Canada because that country’s tax rates are so much lower, there’s a fundamental problem." (RPW - TR)

"The plan is an economic steroid injection. Because the Fair and Flat Tax rewards work, saving, investment and small business creation, the Tax Foundation estimates that in 10 years it will increase gross domestic product by about 10%, and create at least 1.4 million new jobs." (RPW - TR)

Bernie Sanders

Bernie's Jobs and Business Policy (section page)

Business

• Increase the federal minimum wage from $7.25 to $15 by 2020. (BSWII)
• Favors the Employee Free Choice Act, a reform that would protect workers' rights to unionize and make it harder for management to threaten unionizing workers. (BSWLW)
• Clean Energy workforce would create 10 million jobs. (BSWCC)
• Claims that the separation of health insurance and employment allows entrepreneurs and businesses to move forward without health insurance being an issue and at lower costs. (BSWHC)
• Provide more loans for small businesses to grow (FTBBE)
• Proposes patent system reform that would ensure less stifling of innovation across industries (FTBBE)
• Visa reform to allow highly-skilled foreign workers to stay and work in the United States (FTBBE)
• "And in my view what we need to do is create millions of jobs by rebuilding our crumbling infrastructure; raise the minimum wage to $15 an hour; pay equity for women workers; and our disastrous trade policies, which have cost us millions of jobs." (DD1)

Wall Street

• Too big to fail, Too big to Exist Act which would break up big banks and prohibit organizations that are too large from accessing using uninsured deposits for risky activities (BSWWS)
• Supports reinstating legislation similar to the Glass-Steagall Act. (BI)
• Tax on Wall Street Speculation that would fund tuition-free college. (BI)
• Wants to end subsidies to big business and end offshore tax havens (FTBCR)
• End subsidies to large corporations and make sure they pay the full corporate tax (FTBCR)
• "Check the record. In the 1990s — and all due respect — in the 1990s, when I had the Republican leadership and Wall Street spending billions of dollars in lobbying, when the Clinton administration, when Alan Greenspan said, "what a great idea it would be to allow these huge banks to merge," Bernie Sanders fought them, and helped lead the opposition to deregulation." (DD1)

Ted Cruz

Cruz's Jobs and Business Policy (section page)

Reform and Regulation

• "When it comes to jobs and growth and opportunity, the two most effective levers that the federal government has to facilitate small businesses creating new jobs, are tax reform and regulatory reform." (WERR)
• Cruz is a co-sponsor and heavy supporter of the Regulations from the Executive in Need of Scrutiny (REINS) Act (ACOM)
• Advocates for the elimination of the IRS, the Department of Education, the Department of Energy, the Department of Commerce, and the Department of Housing and Urban Developmen (TCWRW)
• Plans to reinstate the Grace Commission of the Reagan Era which will in (TCWRW)
• Opposes raising the minimum wage (WPSB)

Internet Regulation and Entrepreneurial Freedom

• "The Internet is the great equalizer when it comes to jobs and opportunity." (WPOPED)
• "We must promote growth in the technological sector, a consistent bright spot for the U.S. economy. But we won’t realize more of that dynamic growth unless we keep the Internet free from the kind of unnecessary regulation that is strangling our health-care, energy and banking industries... one of the biggest regulatory threats to the Internet is “net neutrality.” In short, net neutrality is Obamacare for the Internet." (WPOPED)
• Opposes net neutrality on the basis it stifles innovation (WPOPED)

Government Jobs

• Freeze on new hires in the federal executive branch, including no new job creation, no automatic position filling, no hiring of contractors (TCWJ)
  • Fill necessary vacant positions would be at a max ratio of one new hire for every three that leave (TCWJ)
  • Reduce the size of the federal government (TCWJ)
• Eliminate at least 25 Agencies, Bureaus, Commissions, and other programs (TCWJ)

Ben Carson

Carson's Jobs and Business Policy (section page)

• "We last year there was an additional 81,000 pages of government regulations. If you stack that up it would be a three-story building" (RD7)

"Small businesses provide the entrepreneurial spirit that can make our economy thrive."

• Believes the current regulatory climate has harmed the ability of small businesses to grow and create jobs. (BCWSB)

Proposes abolishing Affordable Care Act to reduce burden on small businesses

• "Small businesses cannot expand beyond 50 employees without facing significant economic consequences from Obamacare. [Carson believes] removing such burdensome regulations would boost small businesses and help jumpstart the economy." (BCWSB)

Increase entrepreneurship and job growth through flat tax rate

• [In response to question on Carson's preference of a flat to a progressive tax rate] "What we have to think about is, 'How do we fix the economy so that it encourages entrepreneurial risk taking and capital investment? How do we create a ladder that allows those people in the lower income brackets to move up that ladder?' That's what we need to be concentrating on. Not how do we make them comfortable in that situation. That's not what America was all about. And we can do that." (BCEWJ)
• "In recent years, our economy has stagnated. I believe restoring free market policies, implementing a simpler, flat tax system, reducing the regulatory burden on businesses and reducing government debt will rapidly increase economic growth and jobs, allowing more people to achieve the American dream." (BCEWJ)

Carly Fiorina

Fiorina's Jobs and Business Policy (section page)

Fiorina's background at HP

• "I was recruited to HP to save a company. It was a company that had grown into a bloated bureaucracy that cost too much and delivered too little to customers and shareholders. As an outsider, I tackled HP's entrenched problems head-on, I cut the bureaucracy down to size, reintroduced accountability, focused on service, on innovation, on leading in every market and every product segment. It was a difficult time. However, we saved 80,000 jobs. We went on to grow to 160,000 jobs. I had to make tough calls in tough times. I think people are looking for that in Washington." (RD3)

Fiorina's two fundamental problems with the American economy

1. "We have tangled people up in a web of dependence from which they can't escape" (FOX)
2. "We're crushing small businesses now" (FOX)

Her solution:

• "if we want the middle class growing again, we've got to get small and family-owned businesses going and growing again." (Fox)
• Fiorina "recognizes the importance of increasing access to capital so that small businesses have the resources they need to succeed, reducing the cost of doing business so that home-grown entrepreneurs have the opportunity to thrive, and eliminating barriers to job creation to put Americans back to work." (CFCW)

Martin O'Malley

O'Malley's Jobs and Business Policy (section page)

Wages

• Reach wage growth of 4% annually by 2018 (MOW-1)
• Increase number of families with adequate retirement savings by 50% within 8 years (MOW-1)
• Cut the pay gap between full-time men and women workers in half by 2025 through paycheck fairness laws, strong family leave policies, and expanded access to quality, affordable healthcare (MOW-1)
• Increase the minimum wage and protect rights of all workers to organize and collectively bargain for better wages (OTI)

Unemployment

• Cut the unemployment rate among young people in half within 3 years (MOW-1)
• Reach full employment for American veterans by 2020 (MOW-4)
• Extend unemployment benefits for the long-term jobless (OTI)

Wall Street Reform

• Require banks to separate commercial and speculative banking within 5 years (MOW-FR)
• Ensure key political appointees are independent of Wall Street (MOW-FR)
• Close the regulator/prosecutor revolving door (MOW-FR)
  • Institute a three-year revolving door ban
  • Institute an additional three-year mandatory disclosure rule
• Immediately double funding for the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) (MOW-FR)
• Elevate focus on economic crimes at the Department of Justice (MOW-FR)
  • Create a standalone Economic Crimes Division
• Immediately reinstate the Glass-Steagall Act and end "too big to fail" (MOW-FR)
• Implement a financial transaction tax to limit high-frequency trading (MOW-FR)

Competition and Anti-trust

• Restore competition and anti-trust laws, taking action within one year in office (MOW-14)

Chris Christie

Christie | Jobs and Business Policy | (section page)

Getting Regulation Under Control

Capping The Cost Of Regulation For Employers: President Obama’s own Small Business Administration admitted that federal regulation costs over $10,000 per employee. Congress should adopt a regulatory budget, such that the cost of complying with all regulations adopted by the federal government in any given year will not exceed a set amount. (CCWEG)

Creating Incentives to Work

“Today, though, there are too many federal policies which discourage work. America must reduce the marginal cost to the employee of taking a job, and reduce the federally-imposed cost to an employer of hiring someone.”

• Repeal Obamacare’s 30-Hour Workweek: Obamacare requires that any employer employing someone more than 30 hours a week provide health insurance. This rule is a clear contributor to the massive shift from full time to part time employment under this president. Let’s get the 40-hour work week off the endangered species list and put Americans back to work.
• Eliminate The Payroll Tax For Those At The Beginning And End Of Their Careers: In outlining his entitlement reform proposals, Governor Christie recommended eliminating the payroll tax for those above age 62. Today, Governor Christie is also calling for a similar tax break for those newly entering the work force, below age 25. This will encourage those nearing retirement to keep working should they want to; and make it easier for the young to enter the work force. Both will be good for America.
• Reform Disability Insurance To Help Individuals Return To Work: As part of his entitlement reform proposal package, Governor Christie called for reforming Social Security Disability Insurance to encourage a return to work and to reward employers who re-hire those on disability. As part of this proposal, eligibility for benefits would be conditioned on entering a rehabilitation program and developing a workplace reentry plan.

(CCWEG)

Ensuring That America Is The Home of Innovation

"This will require investing in research and development, focusing education on the needs of employers and increasing access to capital.”

• Give Greater Priority To Investments In The Future: In the past few decades, as spending on entitlements and health care as a percent of GDP has soared, investment in R&D has been basically flat. Yet it is this exact investment in basic R&D, in such areas as biomedical research, materials science, and high performance computing that has laid the vital groundwork for so much innovation in America’s fastest growing industries, such as technology and biotech.
  • To encourage private sector innovation, the R&D tax credit permanent as part of broader tax reform. In 2009, over 12,000 companies, including over 5,000 manufacturers, used the credit.
• Greater Focus On Workforce Skills In Higher Education: In addition to investing in universities themselves through research, the U.S. must do a better job matching the skills students learn with the needs of employers. Pathways between high school, post-secondary education, and the entrylevel job market must be more seamless. Students and parents also need greater transparency on what they’re paying for and greater choice on whether we want to pay for it.
• Give Young, Growing Companies Easier Access To Capital: America has for many years had the deepest, most liquid, most transparent capital markets in the world. Yet America is now losing its edge, in part due to the unintended consequences of regulation. Reform which makes it easier for young high growth companies to access the capital markets is essential.

(CCWEG)

Rick Santorum

Rick's Jobs and Business Policy (section page)

2020 Clear Vision for America

• "In our plan, the 2020 Clear Vision for America, we increase growth by 1% a year. So we go from 2.3 to 3.3, in repealing ObamaCare, it's another .7. So you're looking at 4% growth rate. And unlike Donald Trump and Bobby Jindal, we don't add $10 trillion to the deficit. Our plan, while it creates as many jobs and grows the economy as much as theirs does, we are a revenue-neutral plan because I believe that we need to reduce the size of government, yes, but we also need to reduce our deficit." (CNBCRS)

Shrink federal government

• Audit the Federal Reserve (RSWTR)
• "I'm the one on this stage that has actually gone to Washington, said we would shrink government, said we would shake things up and actually delivered for the conservative cause, everything from welfare reform, which was the largest, most significant accomplishment in the last 25 years for conservatism." (CNBCRS)

Make America #1 in manufacturing, to bring back jobs

• Provide companies with a 100% income exemption to be phased out over two years, with tax deductions for capital investments (RSWTR)
• Increase minimum wage by $0.50 per year for three years (RSWTR)
• "Fewer than 1% of Americans earn minimum wage; let it go up." (CNN)
• "GOP must focus on opportunities for middle and lower class." (OTIH)
• "The word "economy" comes from the Greek "oikis" which means family. The family is the first economy. And the one thing that we do not talk about enough is how stable families are vitally important for the middle of America to be prosperous and to grow and be safe. And I will have policies, not just tax policies, but others that will make sure that families are strong again in America." (CNBCRS)

John Kasich

Kasich | Jobs and Business Policy | (section page)

Regulatory Reform: Using Common Sense to Remove Barriers to Job Creation

• A One-Year Moratorium: A one-year moratorium will be imposed on all major, new regulations. This will give businesses a respite from the costs of Obama Administration regulations and allow time to overhaul the regulatory process.
• Mandatory Cost-Benefit Analysis: The benefit of regulations must outweigh their costs. John Kasich will call on Congress to make cost-benefit analyses mandatory for all new regulations to make sure that is the case. It will also ensure greater transparency in the rulemaking process so Americans have a better understanding of the impact of new regulations.
• Congressional Approval For Rules Over $100 Million: John Kasich will urge Congress to enact legislation requiring it to approve any regulation that is projected to impose more than $100 million annually on the American economy.
• Rein-in Agency Abuses: Stronger oversight of agency rulemaking is necessary to ensure cost-benefit analyses are performed, regulations align with congressional intent and to identify and remove abusive or unreasonable regulations.
• Two-Year Permitting Deadline: Permits should be issued in a timely manner to reduce uncertainty for businesses. A maximum two-year deadline will be imposed for agencies to issue permits for major new infrastructure projects.
• Independent, Common Sense Appeals: To give job creators a fair chance when they object to an agency’s permitting, enforcement or other regulatory action, John Kasich will create new appointed common sense reviews comprised of real Americans. Today a small business that wants to fight an agency decision can sue in federal court and go bankrupt hiring lawyers, or it must often use an agency’s own appeals process staffed by its own bureaucrats. Only an independent administrative review can ensure businesses get fair, reasonable treatment.

(JKWRR)

Workforce:

Washington should provide more flexibility from rigid guidelines so states can align programs to the skills and positions for which local job creators are hiring. Issuing block grants to the states while streamlining multiple programs into a few large grants will afford them the opportunity to be innovative and responsive. To be successful and accountable, states will need to ensure their efforts prioritize the following principles:

• Meet Business Needs: Government bureaucrats should not identify needs and priorities; businesses need to be engaged in the development of the state’s workforce programs to ensure they help maximize economic potential.
• Measure the Right Outcomes: Federal accountability measures often prioritize volume over success and fail to capture meaningful factors such as job placement and retention, or earnings growth over time. Federal accountability measures will be reformed to eliminate unintended negative outcomes and instead encourage states to look at those served as individuals, not numbers.
• Help Prevent Unemployment: Unemployed workers need help to upgrade their skills or acquire news ones, but efforts are also needed to help them avoid unemployment to begin with. Giving states the ability to use existing federal training funds to help workers with jobs upgrade their skills can help their employers stay in business and stay competitive.

(JKWDW)

Link Basic and Applied Science to Put New Ideas to Work and to Create Jobs:

The National Institute of Standards and Technology (NIST) is a powerhouse of scientific know-how, with strong industry relationships via its standards-setting work. Additionally, the National Technical Information Services (NTIS) collects and disseminates scientific and technical information from government-funded research to expand knowledge. To help get new ideas out of the lab and into the marketplace—a longtime priority of Gov. Kasich—he would merge NIST and NTIS with the basic science research functions of the National Science Foundation. This new combined science center would create a well-aligned pipeline from basic research, through applied research and into industry, while also providing a robust platform for disseminating new breakthroughs. NIST’s programs in support of manufacturers would be separated and merged with the Small Business Administration to provide these job creators a more seamless one-stop experience for the support they need. (JKWDW)

Mike Huckabee

Huckabee's Jobs and Business Policy (section page)

Corporations

Stop punishing manufacturing; stop punishing work[2]

"We'd get rid of taxes on people's work, so, we wouldn't punish people for working anymore. We've lost five million manufacturing jobs since 2000. The jobs are in Mexico, they're in China, they're in Indonesia. Bring the jobs back. And with the FairTax, you do that, because you don't tax capital and labor. And here's the best part. We don't reduce the IRS, we get rid of the IRS." (RD4)

Wall Street executives should have gone to jail in 2008

"Q: You have railed against income inequality. You've said that some Wall Street executives should have gone to jail over the roles that they played during the financial crisis. Are there specific steps you would require from corporate America to try and reduce the income inequality.

HUCKABEE: Look, corporations ought to exercise some responsibility. When CEO income has risen 90% above the average worker, when the bottom 90% of this country's economy has had stagnant wages for the past 40 years, somebody is taking it in the teeth. And it's not the folks on Wall Street. I'm not anti-Wall Street, but I don't believe the government ought to wear a team jersey, pick winners and losers. The government ought to wear a striped shirt and just make sure the game is played fairly."(RD3)

Fight the Wall-Street-to-Washington axis of power

"Q: Decade after decade, there are promises from Republicans to shrink government. But it gets bigger, even under Republican politicians. So is the government simply too big to shrink?

HUCKABEE: It's not too big to shrink. But the problem is we have a Wall Street-to-Washington axis of power that has controlled the political climate. The donor class feeds the political class who does the dance that the donor class wants. And the result is federal government keeps getting bigger. Every person on this stage who has been a governor will tell that you the biggest fight they had was not the other party. Wasn't even the legislature. It was the federal government, who continually put mandates on the states that we had to suck up and pay for. There are a lot of things happening at the federal level that are absolutely beyond the jurisdiction of the Constitution. This is power that should be shifted back to the states, whether it's the EPA or the Department of Education."(RD1)

Jobs

Wages for bottom 90% of the economy stagnant for 40 years[3]

"The Fed is in trouble because they haven't addressed the number one issue that's hurting Americans and that's that wages for the bottom 90 percent of the economy have been stagnant for 40 years. In the 25 years after World War II, wages grew by 85 percent. People were moving up. That's not happening any more, and in large measure, the Fed has manipulated the dollar so it doesn't have a standard. Tie the dollar to something fixed and if it's not going to be gold, make it the commodity basket."(RD4)

Marco Rubio

Rubio's Jobs and Business Policy (section page)

Small Businesses

• Cut the taxes of small business to 25% (MRWAW)
• He wants to enable small businesses to immediately expense new investments (MRWAW)
• Wants to permanently repeal the estate tax (MRWAW)
• Rubio wants to completely rescind Obama care because of the associated tax hikes (MRWAW)
• He wants to reform current methods and induce the inclusion of small businesses in the regulatory process (MRWAW)
• Incentivize expansion of the American Energy Industry (MRWAW)
• Wants to put a ceiling on the negative economic impact of US regulations (MRWAW)
• Fight and seek repeal for the Carbon-Tax on the American Energy Industry (MRWAW)

Job Creation

• Wants to implement a skill and merit based system of immigration (MRWAW)
• “Know before you go act” - An act that would require Universities to offer future earning projections for a student’s prospective degree (MRWAW)
• Implement student investment plans which would create a relationship where a student’s degree would be financed by an investor who then receives a percentage of their future earning (MRWAW)

American Workforce

• Wants to give workers the option to receive either monetary compensation or paid leave for overtime work (MRWAW)

Jeb Bush

Bush's Jobs and Business Policy (section page)

Cut Regulations

"regulations stifle small business formation, which means fewer jobs and declining incomes for hardworking Americans. There is no reason why regulators should be permitted to harm the labor market. As president, I will work to repeal onerous regulations that keep too many businesses from hiring and expanding."(JBW-J)

End the affordable healthcare act and other job destroying programs

• "Repeal Obamacare, address the root causes of health care costs and enable employers and workers to balance good benefits with fair wages."(JBW-J)
• "Eliminate welfare programs that discourage work and replace them with state-led programs that will require work for able-bodied adults."(JBW-J)

Dodd-Frank

• "We shouldn't have another financial crisis. What we ought to do is raise the capital requirements so banks aren't too big to fail. Dodd-Frank has actually done the opposite, totally the opposite, where banks now have a higher concentration of risk in assets and the capital requirements aren't high enough. If we were serious about it, we would raise the capital requirements and lessen the load on the community banks and other financial institutions." (RD4)

Hillary Clinton

Clinton's Jobs and Business Policy (section page)

Hillary believes the defining economic challenge of our time is raising incomes for hardworking Americans. Hillary understands that in order to raise incomes, we need strong growth, fair growth, and long-term growth (HC)

• 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. (HC)
  • Provide tax relief for families. (HC)
  • Unleash small business growth. 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. (HC)
  • 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. (HC)
  • Boost public investment 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. (HC)
  • Lift up participation in the workforce—especially for women. Issues like equal pay, paid leave, and affordable child care are crucial to lifting incomes for working families. (HC)

• Fair growth
  • 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. (HC)
  • Raising the minimum wage and strengthening overtime rules. Hillary 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. (HC)
  • 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. (HC)
  • 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. (HC)

• Long-term growth
  • 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. (HC)
  • Impose accountability 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 prosecute individuals and firms when they commit fraud or other criminal wrong-doing. (HC)

On accepting $675,000 from Goldman Sachs

"But did you have to be paid $675,000?," Cooper asked. "Well I don't know," Clinton responded. "That's what they offered." (LP)