Hillary rolls out a new tax today in Iowa?!?!?

[Motown_Johnny]

Now?!?!?!?


What a terrible campaign. The desperation is palpable.


If she honestly believed in this policy, then where has it been up until today?

[hill2016]

1. she has always been planning to unveil her tax plan

http://www.wsj.com/articles/hillary-clintons-tax-plan-backed-by-warren-buffett-1450316516

The Democratic front-runner and former secretary of state plans to unveil concrete plans next year “to make sure the effective tax rate paid by millionaires reflects a truly fair tax system,” a Clinton campaign aide said

Where's the Sanders plan?

[TCJ70]

4. "Where's the Sanders plan?"...

...Depends on what you're asking about. There are different funding methods for different things.

[Motown_Johnny]

5. What she rolled out is not a plan, just a crazy talking point.

Now all of sudden she wants a 4% "Fair Share" tax. Give me a break!


Here is Sanders plan (from JULY!!!)


http://www.sanders.senate.gov/newsroom/recent-business/sanders-details-tax-plan-declines-secrecy-offer


Sanders Details Tax Plan, Declines Secrecy Offer

Friday, July 26, 2013

Sen. Bernie Sanders on Friday laid out tax reform proposals in letters to Sens. Max Baucus and Orrin Hatch. He declined an offer by the chairman and ranking member of the Senate Finance Committee to keep his proposals secret. The leaders of the tax-writing committee solicited suggestions as part of a push to simplify the tax code. They also pledged to keep senators’ suggestions secret for 50 years at the National Archives. Sanders said he has nothing to hide. “Given the fact that my suggestions represent the interests of the middle class of this country and not powerful corporate special interests, I have no problem with making them public.” To read Sanders’ letters, click here and here and here.

“Everyone understands that our current tax code is too complex and must be simplified, but at a time when the American population is aging and investments in our crumbling infrastructure are desperately needed, we must not provide more tax breaks to profitable corporations and wealthiest Americans who already are doing phenomenally well and in some cases pay nothing in federal income taxes,” Sanders wrote to Baucus and Hatch.

Tax Reform Secrets

Sanders is a member of the Senate Budget Committee and helped draft a resolution that the full Senate passed in March calling for $975 billion in new revenue over the next decade by closing tax loopholes that benefit the wealthy and large corporations. “That was a good start. I would go further,” Sanders wrote in letters that spelled out specific proposals to:

Stop profitable Wall Street banks and corporations from sheltering profits in the Cayman Islands and other tax havens to avoid paying U.S. taxes. Closing that tax loophole would reduce the deficit and create jobs that millions of Americans need.

Establish a Wall Street speculation fee to ensure that large financial institutions pay their fair share in taxes. A fee of 0.03 percent on the sale of credit default swaps, derivatives, options, futures, and large amounts of stock would reduce gambling on Wall Street, encourage the financial sector to invest in the productive economy, and reduce the deficit by $352 billion over 10 years, according to the Joint Committee on Taxation.

End tax breaks and subsidies for oil, gas and coal companies to reduce the deficit by more than $113 billion over the next 10 years. The five largest oil companies in the United States have made more than $1 trillion in profits over the past decade. Exxon Mobil is now the most profitable corporation in the world. Large, profitable fossil fuel companies do not need a tax break.

Tax carbon and methane emissions that cause global warming. A bill by Sanders and Sen. Barbara Boxer (D-Calif.), the Senate environment committee chairman, would apply fee at coal mines, oil refineries, national gas processing plants and other sites. Imported fuels would be subject to equivalent carbon fees. Some of the revenue would be returned to consumers and some would pay for investments in energy efficiency, sustainable energy, worker training and deficit reduction.
Tax capital gains and dividends of the wealthiest 2 percent at the same rate as ordinary income to yield about $500 billion over the next decade. Today, the wealthy obtain most of their income from capital gains and dividends taxed at a much lower rate than work. The top marginal income tax for working is 39.6 percent, but the top tax rate on corporate dividends and capital gains is only 20 percent. That is not fair.

Enacting all of these proposals would raise more than $1.8 trillion in new revenue over the next decade. “I look forward to working with you to reform the tax code in a way that protects the middle class, working families, and the most vulnerable while making sure that the wealthiest Americans and most profitable corporations pay their fair share,” Sanders wrote to Baucus and Hatch.

[JudyM]

9. Someone should do an infographic of this. Hopefully it's in the works... Nt

[Segami]

2. Their focus groups are probably just reporting in....

[JoePhilly]

3. Bad Hillary, bad!

[thereismore]

6. Indeed, has she ever mentioned a 4% surtax ever, ever?! She has her $41M of personal wealth,

color me sceptical.

[cali]

7. Why does her plan impose a surcharge only on incomes over $5 million?

Why such a high threshold?

[Motown_Johnny]

8. Because it is a cry for attention, not a real plan.

It is insane.

[bvar22]

12. That won't raise much revenue.

How many people make over $5 Million/year and pay taxes?.. a handful?

[Motown_Johnny]

17. 1 in 5000 (updated with link)

Last edited Mon Jan 11, 2016, 09:13 PM - Edit history (1)

http://www.bloomberg.com/politics/articles/2016-01-11/clinton-tax-plan-would-place-4-surcharge-on-incomes-over-5-million

^snip^

The measure would apply to annual income above $5 million, raising $150 billion over a decade, said a campaign official who asked not to be named. It would affect two out of every 10,000 taxpayers, the official said.

[bvar22]

31. $150 Billion over 10 years?

Like I said above, this new tax on a handful of people in the USA won't raise much money....$15Billion a year?
We and our National Debt wouldn't even notice.

[LonePirate]

10. There will be no new tax hikes from Hillary or Bernie if Repubs control one chamber in Congress

We likely will regain the Senate this year but there is almost no chance we regain the House. Without it, there will be no new tax hikes passed, regardless if Hillary or Bernie is elected. Without a Dem Congress, tax hikes are pure fantasy regardless of which candidate proposes them.

[Motown_Johnny]

22. Which makes this announcement even more laughable

[LonePirate]

28. Any announcement of any tax hike from any candidate is laughable without both houses of Congress

[emulatorloo]

11. Yes, she should just STFU now she is down in the polls. Suspend her campaign too.

[Motown_Johnny]

15. No. She should present policies before the 11th hour

This looks.desperate.

Terrible campaign.

[emulatorloo]

18. Bet you a $ Bernie roll out something new before IA/NC

Should he suspend his campaign as well until Feb 10th as well?

[Motown_Johnny]

21. I hope she ramps up her campaign.

You are the only one here talking about her suspending her campaign.

The more people see and hear her the better Bernie does.


If Bernie does roll out something new before Iowa we can discuss it then. The thing about 40 years of consistently fighting for the same ideals is that you don't need to dream up something radically new at the 11th hour.

[emulatorloo]

23. Well on that we agree!

[OilemFirchen]

13. Quelle horreur! Abortions on demand and taxes on the wealthy!

The DU "progressives" are in a conniption!

[Motown_Johnny]

14. As I asked in my OP...

If she believes in this policy where has it been before today?

Where was it when she was in the Senate?

I am not against the idea of a surtax on higher income, I am pointing out that this looks like a desperate attempt to appear like something she isn't.

It didn't work.

[randys1]

26. Bernie pushed her, and this is good.

Bernie is the soul, the inner voice, of the liberal and of the party.

Maybe he is prez and maybe he isnt, but we can all be thankful he is running.

Now what we CANT afford and AREN'T thankful for is the meme that if he isnt the nominee that we cant support Hillary.

That would be stupid given Bernie is doing all this for a reason, people.

[Motown_Johnny]

30. But she can flip back on this just as quickly as she decided to support it.

I don't believe for a second that she would ever attempt to pass this into law.

[libdem4life]

16. 4% on $5 million? Cut it out.

[Motown_Johnny]

19. 4% on income ABOVE 5 million

Unless I am mistaken, the first 5 mill would not be included in this.

[libdem4life]

20. I'm sure you're right. I'm still picking myself up off the proverbial floor LMAO.

Guess she showed them. I repeat, Cut It Out...louder and with more emphasis.

[sadoldgirl]

24. So when will we hear her saying

that she will consider sometime in the future
to support a form of Glass-Steagall act?

[Motown_Johnny]

25. After losing Iowa I would think

Maybe New Hampshire.

[pangaia]

27. She suddenly also seems to want more debates,, oh-- SERIOUS debates, with BERNIE!

You bet your ass she does.

[Motown_Johnny]

29. I believe she wanted a 21st one in 2008.

It seems clear which way she jumps when she thinks she is going to lose.