Need the TL;DR on Hillary’s economic policy?
Mike Schmidt, an Economic Policy Advisor at Hillary for America, recently chatted with Wisconsinites about Hillary’s policy and how it will impact the Badger State. Check it out!
Q: Wisconsin has consistently struggled to increase its startup activity. That is especially troubling considering new businesses account for nearly all net new job creation. What is HRC’s plan to encourage entrepreneurship across the country and make it easier for anyone to become a small business owner?
Mike: Thank you for your question. It’s an important one — and not just in Wisconsin. New business formation has actually fallen 15% since 2007. What’s more, the gains we’ve seen have been isolated: between 2010 and 2014, just 20 counties represented half of the growth in new businesses for the entire country. The good news is Hillary’s got a plan to turn these trends around. For example, she’s going to provide state and local governments with major new incentives to cut red tape unnecessarily gets the way of starting a business. She’s also going to make it easier to get a loan — including by reduce unnecessary regulations on local community banks and credit unions (while defending tough the new rules on big Wall Street banks). And that’s just part of her plan! You can read more about it here:http://hrc.io/2cbUH0p — Mike
Q: TPP is unpopular with unions but we also know trade deals are important for the global flow of goods and services. What is HRC’s plan to make sure workers are protected in future free trade agreements? Also, how can future trade deals help to enhance global human rights? Thanks!
Mike: Thanks, it’s another important question, and one that’s top-of-mind for working families around the country. Ninety-five percent of America’s potential customers live overseas, so closing ourselves off to trade is not a solution. The answer is to finally making trade work for us, not against us. Hillary’s plan starts with only supporting trade deals create good-paying jobs, raise wages, and enhance our national security — and she opposed the TPP when it failed to meet that test. She also wants to dramatically ramp up trade enforcement — by appointing a new chief trade prosecutor and tripling the number of enforcement officers.
Hillary knows that the American worker can out-compete anyone, so long as they’re competing on a level playing field. — Mike
Q: One of the great things about America is that almost anyone can turn an idea and a dream into a business. How will Hillary provide support to low-income and minority populations to remove barriers to starting their own businesses?
Mike: Right now, half of millennials say they’re interested in starting a business, and we should be doing everything we can to help more people take that leap — especially Americans traditionally shut out from these opportunities, like women, young people,and people of color. So Hillary’s put forward proposals to support entrepreneurship among historically underserved communities.
To give just one example, she’s pledged to provide incubators, mentoring, and training to 50,000 entrepreneurs and small business owners across the country — so that more entrepreneurs have skills and networks that they need to start and grow their businesses.
And, again, that’s just one of her ideas! (She’s got a lot of them, you’ll notice.) Read more here: http://hrc.io/2bSJX3v. — Mike
Q: Southeast Wisconsin has faced a significant loss in traditional manufacturing jobs with the closure of several plants. What is HRC’s plan to put people back to work who might lack the education or training required for high-tech jobs?
Mike: Thank you for your question. Hillary has put forward a detailed plan to support American manufacturing and revitalize the hard hit manufacturing communities. She’ll start by providing tax incentives that encourage investment in hard-hit areas like Milwaukee and Racine that have seen jobs and production depart. Her proposed “Manufacturing Renaissance Tax Credit,” for example, will attract new investment, business, and jobs to these areas. Hillary also understand that, for too long, big promises about the power of training and retraining haven’t delivered like they should. It doesn’t help anyone to be trained for a job that doesn’t exist. So she wants to support high-quality training programs, propose new tax credits to encourage more companies to offer paid apprenticeships that let you earn while you learn, and do more to dignify skills training across the board — for welders, machinists, health technicians, and so many other fields. — Mike
Q: What is HRC’s plan to make sure workers have a stake in the companies they work for? What is she going to do to make sure corporations stay accountable to their workers?
Mike: Hillary believes every worker should have a stake in the company they work for. For example, she’s put forward a new and innovative proposal to reward companies that share profits and invest in their workers (which you can read more about here). But by the same token, she also knows that we need to hold companies accountable when they don’t do right by their workers. To give just one example: Right now, when a corporation outsources jobs and production, it can write off the costs. Hillary believes we should stop that, and instead make them give back tax breaks they received here at home. — Mike
Q: What’s your favorite part about working for Secretary Clinton?
Mike: Where do I start! She’s an inspirational figure in so many ways. But working for her on policy issues, I get to see first hand the rigor, knowledge, and compassion that she brings to her work. It’s the coolest. — Mike