Hillary Clinton to Outline Economic Policy Vision Monday
Since announcing her campaign in April, the former New York senator and U.S. Secretary of State has revealed little about her economic vision. Monday, during a speech at the New School in New York City, Clinton will finally unveil details, the New York Times reported Saturday.
According to those close to her campaign, Clinton’s is an aggressive rethinking of domestic economic policy intended to raise middle-class incomes that have not kept up with the economy in recent years.
Clinton is expected to criticize the stagnation of middle class earnings for 15 years and slam GOP-led “trickle down” policies that she believes have only benefited the wealthy.
The Times report said campaign aides offered a preview of Clinton’s speech, but didn’t want to be named because they hadn’t been authorized to disclose the information.
“The measure of our economic success should be how much incomes rise for middle-class households, not an arbitrary growth figure,” an aide said in a report by Time magazine.
One campaign aide said Clinton believes that closing the income gap is the “defining economic challenge of our time.”
According to the aides, Clinton will present a number of proposals — including paid family medical leave and an increase in the federal minimum wage, which has stood at $7.25 per hour since 2009.
Some analysts believe Clinton will also draw, at least to some degree, from her husband’s time in the White House — during which annual median incomes rose from less than $49,000 in 1993 to $56,000 in 1999, adjusted for inflation.
Clinton’s economic team is comprised of several campaign aides and former White House advisers Gene Sperling and Alan S. Blinder.
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