Jul 16, 2015 2:14 PM
Clinton proposes tax breaks for corporate profit-sharing
The Associated Press
DOVER — Democratic presidential candidate Hillary Rodham Clinton is proposing new incentives to encourage corporations to share profits with workers.
Her plan is to give businesses that offer employees a share of profits a two-year tax credit equal to at least 15 percent of their profit-sharing payments.
The plan would exclude high-income workers and firms where only a small percentage of employees benefit. Clinton's campaign says it would cost tens of billions of dollars over 10 years, paid for through other savings
Clinton has argued that profit-sharing gives employees a bigger stake in companies' success, boosting productivity as well as pay.
Her "Rising Incomes, Sharing Profits" plan unveiled Thursday is part of Clinton's economic platform focusing on boosting wages for middle class families.