Skip navigation
Watchlist Sponsored By :


Current DateTime: 03:13:43 14 Nov 2009
LinksList Documentid: 24355697
powered by digg
Clinton: Tax, Health-Care Plans Won't Hurt Economy
By: CNBC.com | 11 Oct 2007 | 03:09 PM ET
Text Size

Hillary Clinton
AP
Hillary Clinton

Sen. Hillary Rodham Clinton rebuffed Republican criticism of her proposals to tax the rich and guarantee health coverage for everyone, saying neither program would hurt the economy.

"No one wants to overburden our economy with regulation and taxation," the Democratic front-runner for president said in a live interview on CNBC. "On the other hand, we've always had a good sense of how to make it work for everybody."

Clinton also pledged fiscal responsibility when addressing issues like Social Security and criticized President Bush for creating huge deficits and not funding the war in Iraq.

“I am stressing fiscal responsibility, because we could have been so much further down the road of ensuring solvency (for Social Security) for the 21st century,” Clinton said. “My principal objective is to get back to fiscal responsibility and I want America to know that we will do that.”

Clinton also said her health-care plan, while mandating coverage for everyone, could ease the burden on businesses and allow insurance companies to remain profitable but wouldn't create a new federal bureaucracy.

Under her plan, she said, insurance companies would be required to work with the government, corporations and individuals and would imitate the health plan given to federal employees and members of Congress.

To the insurance companies, she said, “We’re going to ask you to guarantee coverage to everyone, including pre-existing conditions, and we’re going to ask you to compete on cost and quality.”

© 2009 CNBC.com
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
  • Brian L. Roberts
  • For the chief of cable company Comcast, growth has been about making deals – generally very large deals.
  • Some companies may start using insurance to shift carbon risk from their balance sheets to maybe... yours?
  • The president and founder of Genesis Today wants to improve America’s health, and thinks Wal-Mart can help.
  • Switzerland's privacy watchdog is taking legal action to force Google to make changes to its Street View service.
  • A wealthy, distracted Texas driver crashed his million-dollar Bugatti Veyron sports car into a salt marsh, say police.
ADD COMMENTS
Remaining characters


Current DateTime: 01:03:47 14 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:02:29 14 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:02:29 14 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:02:29 14 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters