Summer 2016

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54 CINEMONTAGE / Q3 2016 compiled by Jeff Burman D emocratic presidential nominee Hillary Clinton said in late June that if Congress does not close tax loopholes that give significant advantages to the wealthy and corporations, she will have the Treasury Department take up the issue — if she is elected — according to Reuters. "Let's make sure that Wall Street, corporations and the super-rich pay their fair share of taxes," Clinton said in Raleigh, North Carolina. The former Secretary of State used a campaign stop to offer her vision for bolstering the economy after attacking her rival, Republican nominee Donald Trump, predicting a "Trump recession" if he becomes president. Trump delivered his own speech attacking Clinton, saying she is part of a political establishment that has cheated American workers through bad trade deals. In her speech, Clinton said, "I think it's an understatement to say Americans face a choice in November. I'm here today to offer an alternative." Clinton said changing the tax code is part of a five-part plan the federal government would follow to jump-start the American economy if she is elected on November 8. The other parts are: * Large-scale investment in rebuilding infrastructure to create well-paying jobs * Enabling debt-free college educations * Giving companies incentives to share profits with employees * Creating national family-friendly policies such as paid family leave In a nod to populists in the Democratic Party who supported US Senator Bernie Sanders (D-VT) during the primary season, Clinton also said she would raise the federal minimum wage, strengthen labor unions and reject international trade deals that do not benefit US workers. This was reinforced when Sanders endorsed Clinton in mid-July. In 2007 as a senator (D-NY), Clinton was an original co-sponsor of the Employee Free Choice Act, a legal reform that would have made organizing unions easier. OBAMACARE REPEAL WOULD INCREASE UNINSURED If ObamaCare were repealed, 24 million fewer people would have health insurance in 2021, according to a new study from the Urban Institute, writes Peter Sullivan in The Hill. The study found that 14.5 million fewer people would have coverage through Medicaid or the Children's Health Insurance Program, and 8.8 million fewer people would have individual private coverage like that offered through the Affordable Care Act's (ACA) marketplaces. Another 700,000 fewer people would get health insurance through their jobs. Repeal would also reduce federal government spending on health care by $927 billion over 10 years, the study found. To make matters worse, the Congressional Budget Office has discovered that despite the lower spending, the deficit would rise because ObamaCare's tax increases and Medicare cuts would also be repealed. State health spending would also increase by $68.5 billion without the ACA, as states would pick up more of the cost of care for people who wouldn't have insurance. According to an analysis from the Committee for a Responsible Federal Budget, the healthcare plan put forward by Republican presidential LABOR MAT TERS Clinton Offers Vision for Economy, Rebukes Trump's Then-Senator Hillary Clinton addresses a rally of trade union members in support of the Employee Free Choice Act in June 2007. Photo by Philip Andrews/Associated Press

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