In New Minnesota TV Ad, Hillary Clinton Pledges to Crack Down on Inversions
“When companies walk out on America, they’ll pay a price”
Duluth, MN — Hillary for America is releasing a powerful new ad first airing in Duluth, Minnesota, where Hillary Clinton pledges to end corporate “inversions” while standing in front of Johnson Controls, a company planning to use that tax gimmick to move profits overseas to avoid paying their fair share in the United States. Hillary Clinton has released a unique, tough and targeted plan to end these tax-avoidance measures that big corporations like these use to avoid paying their fair share in the United States and instead invest that money here at home.
Johnson Controls
The new ad, “Johnson Controls”, focuses on a Milwaukee, WI, based auto parts company that recently announced a merger estimated to let the combined companies keep $150 million in taxes by moving abroad to Ireland to shirk its U.S. tax obligations. In the past decade, nearly 50 companies have chosen to leave the United States for a foreign country on paper, saving billions of dollars in taxes through these so-called “inversions” and related transactions.
“Now that Johnson is back on their feet, they’re gaming the system and moving their profits to Ireland so they can avoid paying taxes here at home,” says Hillary Clinton in the ad. “It’s an outrage. If I’m president, when companies walk out on America, they’ll pay a price.”
Last year, Hillary Clinton rolled out her plan to end inversions and invest in America instead. She also denounced a recent Pfizer-Allergan deal – in which Pfizer is merging with Allergan, giving up its identity as a U.S. company to help it permanently avoid paying its fair share of taxes on as much as $70-$150 billion. You can read her full plan here https://www.hillaryclinton.com/briefing/factsheets/2015/12/08/ending-inversions-and-investing-in-america/
The ad will begin airing in the Duluth, Minnesota, market on Tuesday and will air in rotation with other ads in the market.
