Clinton Proposes 4% “Fair Share Surcharge”

U.S. Democratic presidential candidate Hillary Clinton addresses supporters at the Electric Park Ballroom in Waterloo, Iowa January 11, 2016. REUTERS/Aaron P. Bernstein - RTX21X9X
U.S. Democratic presidential candidate Hillary Clinton addresses supporters at the Electric Park Ballroom in Waterloo, Iowa January 11, 2016. REUTERS/Aaron P. Bernstein – RTX21X9X

On Monday, Hillary Clinton hosted a organizing event in Waterloo, Iowa where she received the endorsement of Transportation Secretary Anthony Foxx. He introduced Clinton, praising her infrastructure proposal to fix roads, bridges, public transportation systems, water systems, and increase broadband Internet. Of Clinton’s diverse background and experience, he said, “It’s not just something she read in a book. It’s something she has done.”

Clinton then spoke, unveiling a proposed 4% tax on individuals making more than $5 million per year. The plan would raise approximately $150 billion over ten years, and would only affect .02% of taxpayers. The plan, dubbed the “Fair Share Surcharge” is in addition to following the Buffett Rule for taxing those who make over $250,000 a year. Clinton pledged again that she would not raise taxes on those making less than $250,000, something that her Democratic primary rival Bernie Sanders can not pledge to. Read more of Clinton’s plan on The Briefing. A video from the event will be posted when/if available.

Tonight, Clinton is in Iowa for the Brown and Black Presidential Forum. For all the latest, follow our revamped Scheduled Events page and follow  Clinton on Twitter, Facebook, and Instagram.

News Source: The Miami Herald, Time, WHOtv, The Briefing

Advertisements