Hillary Clinton 2016 Campaign: Economic Plan Calls For More Profit Sharing
More companies should commit to sharing profits with their employees, according to Democratic presidential frontrunner Hillary Clinton, who on Monday outlined her broader economic vision for the United States, Bloomberg reported.
"Hard-working Americans deserve to benefit from the record corporate earnings they helped produce," Clinton said in prepared remarks for a speech at the New School, a progressive university in New York's Greenwich Village.
Clinton added, "Studies show profit sharing that gives everyone a stake in a company's success can boost productivity and put money directly into employees' pockets. It's a win-win."
The former secretary of state's appearance is billed as the first major economic policy speech of her three-month-old presidential bid and will include a detailed agenda that seeks to push capital toward more durable growth, the Los Angeles Times noted.
Clinton is expected to call for closing tax loopholes that promote excessive risk-taking in the markets, as well as for incentivizing investments in infrastructure and research. She will also promote various social programs meant to help the middle class, including easing the debt burden on college students and requiring employers to offer paid family leave and sick time.
Carly Fiorina, the former Hewlett Packard chief executive officer now seeking the GOP nomination in the 2016 White House race, attacked the former first lady on ABC's "This Week" on Sunday.
"What I will continue to point out is the fact that every policy she is pursuing will make income inequality worse, not better -- crony capitalism even worse, not better," Fiorina said. "And meanwhile, we will continue to crush the businesses that create jobs and middle class families."
On Twitter, meanwhile, Clinton got into a back-and-forth with Jeb Bush, another GOP contender, who she suggested had not "met enough American workers."
"Anyone who discounts 6.5 million people stuck in part-time work & seeking full-time jobs hasn't listened to working Americans," Bush said on the social network.
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