Mrs Hillary Clinton Unveils Profit Sharing Tax Credit for Corporates in USA

Mrs Hillary Clinton Unveils Profit Sharing Tax Credit for Corporates in USA 

To Increase the take-home salary of middle-class employees

To accomplish a steady and strong income growth for American middle class families, Mrs Hillary Clinton Unveils Profit Sharing Tax Credit for Corporates in USA in New Hampshire recently. Mrs Clinton unveiled her programme to encourage US companies to share their profits with American workers. She has already came heavily against American CEOs hefty pay packages in the form of profit-sharing and stock options.

She claimed that while American middle class is working hard but rewarded poorly. She quoted that in 2010, the American productivity soared to 240.4% whereas hourly compensation was increased to just 108.3%. She urged that there should be equal increase in hourly compensation to that of productivity.

SALIENT FEATURES OF HILLARY’S TAX CREDIT SCHEME

Mrs. Clinton profit sharing to workers is detailed as follows

• ·         A Win-Win; Profit-Sharing is not only good for employees but also good for business

• ·         Profit sharing offers workers a stake in the company. Under profit sharing scheme, when a company performs better, the employee’s share in the company’s profits also increase.

• ·         Profit sharing enhances the employee’s overall take home salary

• ·         Profit sharing helps the business to attain more productivity and innovative

• ·         Profit sharing improves the workplace atmosphere.

• Mrs Hillary Clinton announced her new “Rising incomes, Sharing Profits- Tax Credit Scheme

• ·         A company will have two year tax credit that share profits with their employees

• ·         Target the employees and businesses that require the profit sharing the maximum

• ·         Will work with business , employees and other stakeholders to tailor the specific dimensions of the credit 

Mrs. Hillary Clinton’s Profit Sharing Program will function as per the following:

How it Works

If your company takes full benefit of Mrs. Hillary Clinton’s profit-sharing plan

And You Earn

Per Year

$ 50,000

You could get an additional income of

$ 5,000

And the Employer will receive a Tax Credit of

$ 750

Per Employee

Other Areas where Mrs Clinton will concentrate 

Please don’t think that profit-sharing is the only one economic agenda of Mrs. Hillary Clinton.

There are other areas for which she will her support and voice as detailed below

• ·         Making adequate investments in infrastructure , education and innovation

• ·         To put a full-stop to discrimination to women employees as regards to their pay, perquisites , maternity leave

• ·         Will wage an endless fight for raising the minimum wage to $15.

• ·         To fight against wage theft

• ·         To encourage more on collective bargaining and employees right to raise their voices through employee unions.

• ·         To ensure long-term growth by imposing tough rules on wall street

• ·         Will encourage American business to invest more in the future

Mrs Hillary Clinton will fight every day during her presidency to accomplish strong and steady income growth for American middle class families as increasing incomes of hardworking middle-class Americans is the central economic challenge of our time.