Hillary would aggressively use federal tax and regulatory policy to promote key sectors of the economy, like wind turbines
WILKES-BARRE, Pa. — Sen. Hillary Rodham Clinton plans, if elected president, to aggressively use federal tax and regulatory policy to promote key sectors of the U.S. economy. She also vows to take a more skeptical view of foreign investment in companies involved in defense work.
In an interview with USA TODAY, she proposed stripping tax benefits from sectors such as the oil industry and using government policies to boost industries such as automakers, wind turbine producers and steel companies. And she rejected criticism that her plans amounted to a form of industrial policy that would represent a dramatic departure from traditional U.S. practice.
…In her comments, Clinton made it clear that she regards the free-market doctrine that has held sway in Washington for a generation to be both inequitable and ill-suited to the sharp-elbowed global competition the U.S. now faces. Leaving economic outcomes to the market has resulted in stagnant incomes for the typical family and special treatment for the well-connected, she says.