Hillary Clinton will on Monday pledge to change the tax code to encourage corporate profit-sharing, calling such programs a “win-win” for business and employees.
Profit-sharing “will be good for workers and good for business,” Clinton will say on Monday, according to an advance excerpt provided by her campaign. “Studies show profit-sharing that gives everyone a stake in a company’s success can boost productivity and put money directly into employees’ pockets. It’s a win-win.”
Clinton’s plan involves changing the tax code to push businesses to share corporate earnings with their employees, said a Clinton campaign official. She will expand further on the plan at a campaign stop in New Hampshire this week.
The profit-sharing proposal is part of the Democratic frontrunner’s broad vision for the economy that Clinton will be laying out in a speech Monday.
At the New School in New York, Clinton will explain that she envisions an economy that focuses on middle-class income growth over GDP growth for its own sake. The former secretary of state is riding a wave of economic populism, with many progressives discontent with the worsening income inequality in the country.
Many of the proposals Clinton will lay out are intended to boost wages and improve life for working families: paid leave, raising the minimum wage and protecting collective bargaining.
Her profit-sharing plan, the Clinton campaign official said, is a part of that. “Hard-working Americans deserve to benefit from the record corporate earnings they helped produce,” Clinton will say on Monday.