Hillary Clinton

Hillary Clinton's Dubious Tax Pledge

Should voters trust Hillary Clinton's promise not to raise taxes?

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Hillary Clinton is promising she will not raise taxes as president.

"I'm the only Democratic candidate in this race who will pledge to raise your incomes, not your taxes," the former secretary of state and United States senator from New York said Sunday at an event in Boston.

Clinton has already been calling, on the campaign trail, for tax simplification and less regulation of business formation and licensing. The addition of what she is now describing, formally, as a "pledge" against tax increases signals that, even before a single vote has been cast in an Iowa caucus or New Hampshire primary, the former first lady is thinking ahead to the general election and the need to win over moderate and centrist voters.

For Clinton, such an effort will have its challenges.

The Republican candidates are almost all promising broad rate cuts from the existing 39.6 percent top individual income tax rate. Jeb Bush's top proposed individual income rate is 28 percent, Donald Trump's is 25 percent, and Ted Cruz's is 10 percent.

Clinton has yet to unveil details of her income tax plan, though she has called for a new tax credit of up to $6,000 a family to help people with the cost of caring for elderly parents. Her campaign web site says "she'll provide tax relief to working families and small businesses."

Clinton has proposed to increase the capital gains tax rate on assets held for periods of between one and six years, though it is possible to argue that rate increase would amount to a tax cut because the government would collect less revenue under the higher rates. As a senator, Clinton voted against President George W. Bush's tax cuts in 2001 and in 2003. She has also promised to raise taxes on "carried interest" earned by managers of investment partnerships, changing the law to treat it as ordinary income rather than capital gains. That is a change on which she's, unfortunately, been given political cover by both Jeb Bush and Donald Trump, who have taken the same position.

If experience is any guide, campaign tax promises from politicians of both parties deserve to be taken cautiously by voters. George H.W. Bush made a "read my lips" vow against tax increases then broke it. Bill Clinton ran against Bush in 1992 promising a middle-class tax cut, a promise he abandoned after the election in favor of a tax increase that hit married joint filers earning more than $140,000 a year. President Clinton did later join with a Republican Congress to cut capital gains tax rates.

Barack Obama ran in 2008 promising that "no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes." Politifact rates that a "promise broken," given that Obama raised taxes on cigarettes and indoor tanning services and imposed a tax on people who do not purchase health insurance.

Hillary Clinton as a tax-cutting presidential candidate? If it sounds far-fetched, remember, the Clintons are nothing if not malleable. Clinton made her no-tax-increase pledge at a "Hardhats for Hillary" event designed to highlight labor union support for Clinton's campaign.

"She's dedicated her entire life to helping others," the mayor of Boston, Martin Walsh, said in introducing Clinton.

"I'm not going to let anybody undermine collective bargaining rights or prevailing wage standards or project labor agreements," Clinton said at the Boston event.

Her six years on the board of directors of Walmart, a company that is not exactly a favorite of the organized labor movement, went unmentioned.

Clinton often talks about her granddaughter on the campaign trail. That grandchild's other grandma—Chelsea Clinton's mother-in-law—is Marjorie Margolies, a Democratic congresswoman from Pennsylvania who lost her seat in the 1994 election after she cast a deciding vote for Bill Clinton's tax increase.

Republicans may want to get the "pledge to raise your incomes, not your taxes," clip ready now for the 2014 congressional races. Or maybe a Republican Congress in 2012 would hold President Hillary Clinton to it.

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  1. Why does she even bother? No one who might be enticed this is ever going to believe her. Those who might believe her *want* to raise taxes on everybody but themselves. What a bizarre campaign promise!

    1. “should voters trust Hillary Clinton?”

      NO

      Next question

  2. What kind of flaming fucking idiot believes anything, anything this evil twitch says?

    1. They don’t listen to what she says, they only like that she is making shrill sounds with that hole between those rancid pancake flaps she calls a mouth.

      She’s supposedly a symbol for vagina rights because her husband treats her like shit and she takes it out by acting like a disgusting bitch to everyone else. This is somehow a respected personality trait among progs and other defective humans.

  3. Gosh, if you can’t trust Bill or Hillary Clinton, who can you trust?

    1. The wood chipper

      1. Vote Wood Chipper 2016
        Change You Can Believe In

  4. I hear the same thing from George The Spook Bush.

    I trust that bitch about as far as I could throw Bubba’s fat ass.

    -jcr

    1. When Hillary says “read my lips” she’s not talking about her face, since she’s already assuming you’re licking her ass.

  5. “Clinton has proposed to increase the capital gains tax rate on assets held for periods of between one and six years, though it is possible to argue that rate increase would amount to a tax cut because the government would collect less revenue under the higher rates. ”

    No they can’t. That argument cannot be made by a rational person.

    I suppose that she could also pledge that she is going to cut everyones sales tax bite as well.

    If you have less money to spend you will pay less in sales tax.

    so PRESTO !

    Sales Tax Cut. !

  6. Obama also raised taxes on healthcare with the medical device tax.

    It’s tax lies all the way down.

  7. “I’m the only Democratic candidate in this race who will pledge to raise your incomes, not your taxes,”

    what she is now describing, formally, as a “pledge” against tax increases

    You got a cite for that second statement? Because that first statement is in no way, shape, or form a pledge not to raise taxes. She just said she pledged to raise your income but did not pledge to raise your taxes. Not making a pledge to raise taxes is not making a pledge to not raise taxes. Dad says,”If you kids don’t settle down back there, you’re not getting any ice cream when we get home.” The kids settle down, they get home, Dad does not give them any ice cream. Is there any logical problem there?

    1. “I pledge not to raise your taxes.”
      “I pledge to not raise your taxes.”
      Are you going to tell me there’s a difference in the meaning between those two sentences?

      Or are you seriously conteding that what she’s saying is “I’m not pledging to raise your taxes.”? Because that’s just absurd. People (especially politicians) don’t ‘not pledge’ to do something; they pledge not to do something. And pledging not to do something and pledging to not do something are effectively the same thing.

  8. She’ll keep this promise as well as she kept the one to NYS voters to serve her team in the Senate and not run for President in 2008.

  9. “She’s dedicated her entire life to helping others,” the mayor of Boston, Martin Walsh, said in introducing Clinton.

    Did he say that with a straight face?

    -jcr

    1. Does service to Satan count as ‘others’?

  10. “Should voters trust Hillary Clinton’s promise not to raise taxes?

    No.

  11. “Republicans may want to get the “pledge to raise your incomes, not your taxes,” clip ready now for the 2014 congressional races. Or maybe a Republican Congress in 2012 would hold President Hillary Clinton to it.”

    Can somebody help me with the dates? Is there something in this I’m not getting? Are we time traveling here on this web site?

    1. I saw this too. I tried give the author credit for being smart enough to know it’s 2015. I thought maybe he was trying to be cute or witty.

      But I think I’m going to blame it on the squirrels.

  12. Ironic considering her husband beat Bush I largely because of his saying the same thing and reneging on it.

    I’ll be waiting for the candidates to also take the “The check’s in the mail” pledge and the “I promise I won’t cum in your mouth” pledge.

  13. Moron. The top rate must be raised to 45%. For starters.

  14. Unfortunately pledges like this are meaningless to begin with. Any candidate can keep to the letter of the pledge easily, since there are a million ways to indirectly tax people of any class. Minimum wage laws, mandatory employer-provided benefits, increased prices for public services, etc. You can tax anyone you want into oblivion without officially raising their income tax, the Obama administration should have taught everyone that if nothing else.

    1. Does the phrase rinse lather repeat ring a bell. Remember though the masses at the Clinton and Sanders rallies truly believe it will never be them that feels the pain.

    2. Inflation… the invisible tax that keeps on taking.

  15. Didn’t Obama actually raise taxes on the wealthy as part of the fiscal cliff deal?

    Once again we see politicians hyping the small businesses. They are NOT job creating machines. The federal government’s definition of “small business” would cover thousands of corporations that actually hire hundreds of people.

    “No new taxes for most of you” is just a default populist. Clinton also has to take a break from her corporation bashing to assure her Wall Street allies. Clinton is arguably THE Wall Street candidate of our time. Only Romney could rival her kind of connection to the financial institutions. Bernie Sanders supporters are actually being intellectually honest.

    1. They may be honest but they are also ignorant. Cause once they get that government job in the Office of LGBT Education and training with their Gender Studies Social Justice degree they will be one of those taxpayers.

  16. “Prevailing Wage Standards” For those who don’t speak DNCese “Cause we can’t have them non-union minority workers taking federal contract jobs away from our good White union workers” Is it still 1930 how much longer must we the taxpayers be chained to the ghosts of 1930’s racist progressive policies. It hurts minorities and it hurts the taxpayers by adding significant costs to government contracts.

  17. When will someone have the courage to de-unionize all federal jobs while using FDR’s reasoning for why it’s a horrible, horrible idea?

    When FDR says a particular type of union is bad, it’s bound to be even more evil than anyone can realize.

  18. Clinton may be a war mongering lying b*tch, but her main supporters (doctors, lawyers, investment bankers, academics, etc.) are high income earners, so I don’t believe she is going to try to raise the top marginal tax rates.

  19. Grover Norquist, please give Hilary a call. You’ve got a new customer.

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  21. Google pay 97$ per hour my last pay check was $8500 working 1o hours a week online. My younger brother friend has been averaging 12k for months now and he works about 22 hours a week. I cant believe how easy it was once I tried it out.
    This is wha- I do…… ?????? http://www.buzznews99.com

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