“Mrs. Clinton was serving as a senator from New York when Congress approved the $700 billion bailout in the final months of the Bush administration. She voted in favor. ‘I think that the banks of New York and our other financial institutions are probably the biggest winners in this,” she said in 2008, ‘which is one of the reasons why, at the end, despite my serious questions about it, I supported it'” [Wall Street Journal, “Where Clinton and Trump Stand on Wall Street”]

Hillary Clinton Hints at Giant, Trump-Like Giveaway to Corporate America

Congress granted corporations a tax holiday in 2004 that let them bring back their profits at a tax rate of about 5 percent, or one-seventh of what the normal tax law required. Clinton, then a senator from New York, voted for it, as did Schumer.

The incentives haven’t changed since then, so profits held overseas by U.S. multinationals have accumulated again and have now reached an incredible $2.4 trillion. That’s about 65 percent of the 2015 federal budget and 13 percent of the entire U.S. economy. If U.S. multinationals had to pay the statutory tax rate on that, they’d owe the government about $695 billion.

The prospective Ryan-Schumer deal doesn’t have many details. But it would change the law so that profits earned by U.S. multinationals overseas, including the $2.4 trillion overseas now, would be taxed whether or not they were brought back to the U.S. — while also radically reducing the tax rate on those overseas profits. This would essentially make the 2004 tax holiday permanent. That’s why Sen. Elizabeth Warren, D-Mass., has called such plans “a giant wet kiss for the tax dodgers.”

But how do we know this is what Clinton was talking about?

According to her platform, she will pay for increased infrastructure spending via some unspecified “business tax reform.” Despite promises back in December that she “will have more to say on her vision” about business tax reform, she’s been curiously silent.

However, when she met with the New York Daily News editorial board in April, she explained that the source of the infrastructure money “may be repatriation.”

Then there’s her statement this week that her infrastructure bank would “will bring private sector dollars off the sidelines and put them to work here.” That phrase — bringing corporate money “off the sidelines” — is a favorite of both Democratic and Republican elites to describe slashing the tax rate on overseas profits. For instance, Sen. Marco Rubio, R-Fla., used it in a Wall Street Journal op-ed, as did economists writing for the New America Foundation, a liberal think tank.

That’s why Clinton can honestly predict that she will “break through the dysfunction in Washington” and “work with both parties.” Both parties want to deliver a massive tax cut to their huge corporate patrons.

A Deep Dive into How the Clinton Foundation Operates Illegally and in Haiti

"Overall I consider the Clinton Foundation to be a charity fraud network. I base this conclusion on my review of extensive data about its operations including the activities of the Clinton family and their friends in Haiti, a nation that has suffered many disasters, both natural and manmade."

Thomas Frank: Bill Clinton's Five Major Achievements Were Longstanding GOP Objectives
Sunday, 15 May 2016 00:00
By Mark Karlin, Truthout | Interview

Charity watchdog: Clinton Foundation a ‘slush fund’

The Clinton Foundation’s finances are so messy that the nation’s most influential charity watchdog put it on its “watch list” of problematic nonprofits last month.

The Clinton family’s mega-charity took in more than $140 million in grants and pledges in 2013 but spent just $9 million on direct aid.

The group spent the bulk of its windfall on administration, travel, and salaries and bonuses, with the fattest payouts going to family friends.

On its 2013 tax forms, the most recent available, the foundation claimed it spent $30 million on payroll and employee benefits; $8.7 million in rent and office expenses; $9.2 million on “conferences, conventions and meetings”; $8 million on fundraising; and nearly $8.5 million on travel. None of the Clintons is on the payroll, but they do enjoy first-class flights paid for by the foundation.

In all, the group reported $84.6 million in “functional expenses” on its 2013 tax return and had more than $64 million left over — money the organization has said represents pledges rather than actual cash on hand.

Some of the tens of millions in administrative costs finance more than 2,000 employees, including aid workers and health professionals around the world.

But that’s still far below the 75 percent rate of spending that nonprofit experts say a good charity should spend on its mission.

How Monica Lewinsky Saved Social Security

Had it not been for Monica’s captivating smile and first inviting snap of that famous thong, President Bill Clinton would have consummated the politics of triangulation, heeding the counsel of a secret White House team and deputy treasury secretary Larry Summers. Late in 1998 or in the State of the Union message of 1999 a solemn Clinton would have told Congress and the nation that, just like welfare, Social Security was near-broke, had to be “reformed” and its immense pool of capital tendered in part to the mutual funds industry. The itinerary mapped out for Clinton by the Democratic Leadership Committee would have been complete.

Clinton took money from union busting companies

blowout: Hillary Clinton Hints at Giant, Trump-Like Giveaway to Corporate America

charity-fraud: A Deep Dive into How the Clinton Foundation Operates Illegally and in Haiti


slushfund: Charity watchdog: Clinton Foundation a ‘slush fund’

ssn: How Monica Lewinsky Saved Social Security

union: Clinton took money from union busting companies