- Set national goals to have 500 million solar panels installed
- Lead the world in the fight against climate change by bringing greenhouse gas emissions to 30% below what they were in 2005 within the next decade
- Launch a $60 billion Clean Energy Challenge to partner with states, cities and rural communities
- Hillary would cut emissions of methane by 40-45% and put in place strong standards for reducing leaks from both new and existing sources
Clinton’s plan will:
- Reduce annual energy costs for American households and businesses by more than $70 billion, or $600 for the average household.
- Save American taxpayers more than $8 billion a year by reducing energy costs in public buildings and lowering healthcare and educational costs through efficiency improvements in hospitals, colleges and universities.
- Hillary’s New College Compact will invest $350 billion
- Clinton’s New College Compact ensures that students can attend a 4-year public college without taking loans for tuition, attend community college tuition-free, pushes states to re-invest and schools to reduce costs and raise graduation rates and rewards innovation that makes a real difference in student outcomes.
- Provide tuition-free community college. Following President Obama's plan, the New College Compact will provide tuition-free community college.
- Her New College Compact will expand AmeriCorps from 75,000 to 250,000 members and it'll build on the current AmeriCorps Segal education award by partnering with state and university leaders to enable volunteers who complete 2 years of community service and 1 year in a public service job to attend an in-state public college or university without having to take out loans for any expenses or to have their loans forgiven upon completion of their service commitment.
- Extend the American Opportunity Tax Credit ensuring that middle-class families avoid a tax increase of up to $2,500 per year. Her plan will permanently extend the American Opportunity Tax Credit, which now provides up to $2,500 in tax relief for tuition and other expenses to everyday American families – including $1,000 that's refundable and fully available for lower-income families.
Clinton’s “Rising Incomes, Sharing Profits” tax credit would:
- Award a 2-year tax credit to companies that share profits with their employees and companies that share profits with their employees would gete a 2-year tax credit equal to 15% of the profits they share – with a higher credit for small businesses. Shared profits eligible for the credit would be capped at 10% on top of employees' current wages. After 2 years, companies that have established profit sharing plans and enjoyed the benefits of them would no longer need the credit to sustain the plans.
Hillary's plan would:
- Boost federal infrastructure investment by $275 billion over the next 5 years.
- Under her plan, $250 billion would go directly to public infrastructure investment.
- Create a $25 billion national infrastructure bank. Hillary will allocate an additional $25 billion over 5 years to create an independent, government-owned infrastructure bank that'll support critical infrastructure improvements. The bank will provide loans and other federal support for investments in energy, water, broadband, transportation and multi-modal infrastructure projects.
- Reauthorize a Build America Bonds program to help finance the rebuilding of America’s infrastructure. Hillary would re-authorize President Obama’s highly successful Build America Bonds (BABs) program to stimulate billions of additional dollars in infrastructure investments.
- Hillary will invest in building world-class American airports and get the Federal Aviation Administration's “NextGen” program back on track to modernize our national airspace system and will reduce carbon emissions and save travelers and airlines an estimated $100 billion in avoided delays over the next 15 years.
She supports raising the federal minimum wage to $12 and believes in going 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.
https://www.hillaryclinton.com/issues/labor/
End abusive inversions and impose an “exit tax” on companies that leave America to lower their tax burden
https://www.hillaryclinton.com/briefing/factsheets/2016/04/01/hillary-clintons-strategy-to-make-it-in-america/
Hillary’s $1 trillion tax increase takes the form of several proposals:
- $350 Billion Income Tax Increase for a “New College Compact” – she's proposed a $350 billion income tax hike in the form of a 28% cap on itemized deductions.
- $275 Billion Business Tax Increase for “Infrastructure”—Clinton has called for a tax hike of at least $275 billion through undefined business tax reform. According to the Clinton campaign document, “Hillary will fully pay for these [Infrastructure] investments through business tax reform.”
- $400 Billion “Fairness” Tax Increase -- According to her published plan, Clinton has called for a tax increase of “between $400 and $500 billion” by “restoring basic fairness to our tax code.” These proposals include a “fair share surcharge,” taxing carried interest capital gains as ordinary income, and raising the Death Tax.
- However, she's also proposed several tax increases not included in the tally above. Because her campaign has failed to release specific details for many of her proposals, the true figure is likely much, much higher than $1 trillion.
- Capital Gains Tax Increase -- Clinton has proposed an increase in the capital gains tax to counter the “tyranny of today’s earnings report.” Her plan calls for an overly complex, byzantine capital gains tax regime with six brackets for those whose total taxable income puts them in the top 39.6 percent bracket. Her campaign has not said how much this will increase taxes.
- Tax on Stock Trading -- Clinton has proposed a new, unquantified tax on stock trading. The tax increase would only further burden markets by discouraging trading and investment. Inevitably, costs associated with this new tax will be borne by millions of American families that hold 401(k)s, IRAs and other savings accounts.
- “Exit Tax” – Clinton has proposed a series of measures aimed at corporate inversions including an “exit tax” – on income earned overseas. The term “exit tax” is used by the campaign itself. This proposal would completely fail to address the underlying causes behind inversions. Her campaign document describing this proposal says it'll raise $80 billion in tax revenue, but claims some of the $80 billion will be plowed into tax relief.
- http://www.atr.org/hillary-confirms-trillion-dollar-tax-hike-plan
- Clinton's strategy to raise taxes on high-income and wealthy Americans, which her campaign said would raise a total of $400 billion to $500 billion over the next decade
- In her plan, the tax would apply to estates exceeding $3.5 million per person and at a 45% top rate(she'd increase it basically to 2009 levels). Under current law the per-person exemption's $5.45 million and the top rate's 40%. As a result, the tax would hit about 0.4% of estates each year, up from 0.2% today.
- She earlier proposed a 30% minimum tax rate on people with incomes exceeding $2 million and a 4% surcharge on incomes over $5 million
Clinton campaign predicts her version of the levy would raise $150 billion in new revenue over a decade, or $15 billion each year on average – adding about 1% to the $1.5 trillion in individual income tax revenue collected federally in 2015
http://thinkprogress.org/economy/2016/01/13/3739072/hillary-clinton-tax-plan/
- Hillary Clinton’s plan would raise tax revenue by $498 billion over the next decade on a static basis. However, the plan would end up collecting $191 billion over the next decade when accounting for decreased economic output over the next decade
- On a static basis, the tax plan would lead to 0.7% lower after-tax income for the top 10% of taxpayers and 1.7% lower income for the top 1%. When accounting for reduced GDP, after-tax incomes of all taxpayers would fall by at least 0.9%
- As a result, the plan would reduce the size of GDP by 1% over the long term. This reduction in GDP would translate into 0.8% lower wages and 311,000 fewer full-time equivalent jobs.
- Enacts a new $1,200 tax credit for caregiver expenses
- Guarantee up to 12 weeks of paid family and medical leave.
- Ensure at least a 2-3rds wage replacement rate for workers.
- Her plan would put forward a tax credit for businesses of $1,500 per apprentice
- Hillary Clinton would change the tax system from 7 tax brackets to 8 tax brackets
- Single filers who have $0-9,275, married filers who have $0-18,550 and head of household who have $0-13,250 will pay 10% in ordinary income tax and 0% capital gains and dividends
- Single filers who have $9,275-37,650, married filers who have $18,550-75,300 and head of household who have $13,250-50,400 will pay 15% in ordinary income tax and 0% capital gains and dividends
- Single filers who have $37,650-91,150, married filers who have $75,300-151,900 and head of household who have $50,400-130,150 will pay 25% in ordinary income tax and 15% capital gains and dividends
- Single filers who have $91,150-190,150, married filers who have $151,900-231,450 and head of household who have $130,150-210,800 will pay 28% in ordinary income tax and 15% capital gains and dividends
- Single filers who have $190,150-413,350, married filers who have $231,450-413,350 and head of household who have $210,800-413,350 will pay 33% in ordinary income tax and 15% capital gains and dividends
- Single filers who have $413,350-415,050, married filers who have $413,350-466,950 and head of household who have $413,350-441,000 will pay 35% in ordinary income tax and 15% capital gains and dividends
- Single filers who have $415,050-5 million, married filers who have $466,950-5 million and head of household who have $441,000-5 million will pay 39.6% in ordinary income tax and 20% capital gains and dividends
- Single filers who have $5 million+, married filers who have $5 million+ and head of household who have $5 million+ will pay 43.6% in ordinary income tax and 24% capital gains and dividends
