Clinton wants companies to profit share: As Paul Constant pointed out earlier this week, Hillary Clinton talked a lot about growth  in her first economic speech this Monday. But she wasn’t fixated on an arbitrary growth figure “untethered from reality” like Jeb!’s 4 percent growth target – she wants “fair growth.” To that end, Clinton yesterday talked about her first substantial policy proposal to lift middle class wages. Jonathan Allen at Vox  reports : Hillary Clinton wants to give businesses a tax break for sharing profits with their employees. It’s the first concrete proposal of what she says will be a comprehensive plan from her campaign to boost income and benefits for low- and middle-income earners… “The credit would only go toward new worker payments that are made over and above an employee’s current income,” said a Clinton aide, who spoke on the condition of anonymity to give a preview of the plan. “So a company cannot repurpose existing wages or benefits into profit-sharing payments for the purpose of benefiting from the credit without adding to the worker’s take-home pay.” Kansas City looks to be heading towards a $13 minimum wage: That job killing measure is spreading across the country! What ghastly policy comes next? Paid sick leave? Overtime pay? The horror! Terrence Wise, a fast food worker for nearly 20 years, had this to say on the KC City Council’s approval of the wage hike: We know that 15 dollars an hour is the new baseline for cities all across the country,” said Wise. “But right here in the heartland of Kansas City, $13 an hour, which has just been passed, is a great step forward. Jeb Bush wants Americans to work longer, but not earn more: ThinkProgress highlighted Bush’s meandering and nonsensical answer to a question about overtime pay earlier this week. Their article points out the idiocy of his statement and while it wasn’t as humorous and pointed as Paul Constant’s article on Jeb! , it’s … Continue reading Daily Clips: July 17th, 2015