Democratic presidential candidate Hillary Clinton on Monday called for changing the tax code to incentivize businesses to share their profits with employees, as part of her comprehensive economic plan, according to The Hill.
“Hard-working Americans deserve to benefit from the record corporate earnings they helped produce,” Clinton said in a speech at The New School in New York City. “That will be good for workers and good for business. Studies show profit-sharing that gives everyone a stake in a company’s success can boost productivity and put money directly into employees’ pockets.”
Clinton also said that the federal minimum wage should be raised, Social Security must be enhanced, and that the government should clamp down on banks that are “too complex and too risky,” but she gave no details on what specific policies she would propose, The Hill said.
U.S. News & World Report listed some other proposals that Clinton mentioned in her speech: closing loopholes rewarding companies that send jobs and profits overseas; mandating paid leave for parents with newborn children; providing tax credits to companies that train and hire workers; tax relief for small businesses; and capital gains tax reform.
While she criticized the economic plans of Republican candidates, Clinton did not offer specifics of many of her own proposals, U.S. News & World Report said.
Clinton also called out former Fla. Gov. Jeb Bush, a Republican presidential candidate, for saying last week that Americans should work longer, though Bush later tweeted that he meant that people working part-time should be given the opportunity to work full-time.
On Monday, a Bush spokeswoman said that household income has declined through the current presidential administration, partially during which Clinton served as Secretary of State.