Clinton proposes tax, buyback changes to encourage long-term growth

U.S. Democratic presidential candidate Hillary Clinton speaks during an event at the New York University Leonard N. Stern School of Business in New YorkBy Jonathan Allen and Luciana Lopez NEW YORK (Reuters) – Democratic presidential candidate Hillary Clinton proposed U.S. corporate tax reforms on Friday including a sliding scale for capital gains taxes and changes in executive compensation to encourage long-term growth to benefit American workers. Clinton, in a speech in New York, said institutional investors have an obligation to counter “hit and run” activist shareholders. Clinton, front-runner in the race for the Democratic Party’s nomination in the November 2016 election, also called for greater transparency in stock buybacks to fight “quarterly capitalism.” “It’s bad for business, it’s bad for wages and it’s bad for our economy,” she said of short-term thinking at the expense of long-term growth.

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