January 21, 2016

Clinton’s Tax Hypocrisy Highlighted BY NTEU Endorsement

Yesterday, the National Treasury Employees Union (NTEU), which represents IRS employees, endorsed Hillary Clinton in the Democratic primary for President. The Clinton campaign was quick to tout the benefits of the IRS employee’s endorsement. The main thing it did though was highlight the hypocrisy Clinton has shown on taxes.

Clinton’s tax plan is meant to ensure that the “richest Americans” can’t “avoid paying their fair share.” Well, in case the tens of millions in speaking fees hasn’t made it apparent to Clinton, she’s one of those “richest Americans.” Yet, in direct contradiction to her campaign plans, she’s taken steps to avoid paying her “fair share.”

According to Bloomberg:

“To reduce the tax pinch, the Clintons are using financial planning strategies befitting the top 1 percent of U.S. households in wealth. These moves, common among multimillionaires, will help shield some of their estate from the tax that now tops out at 40 percent of assets upon death… According to county property records, the Clintons split their ownership of the house into separate 50 percent shares, and then placed those shares into trusts.”

Those moves will save the Clinton’s “hundreds of thousands of dollars in estate taxes.” They also haven’t stop Clinton from campaigning to raise the estate tax. This contradiction once again shows that Clinton is willing to say or do anything to get elected.