Domestic Taxes

RNC blasts ‘hypocritical’ Clinton ad on Wall Street

The Republican National Committee is hitting Democratic presidential candidate Hillary Clinton, calling a new ad on corporate taxes “hypocritical.”

“If we had a nickel for every time Hillary Clinton has taken money from the same people she attacks on the campaign trail, we’d never have to ask for another contribution,” said RNC spokesman Michael Short in a statement Tuesday.

“Double standards are the standard for Hillary Clinton’s campaign and this hypocritical ad is another reminder she will do or say anything to get elected.”

{mosads}In the ad in question, Clinton criticizes Milwaukee-based Johnson Controls for its plans to merge with a foreign company and reincorporate in Ireland to avoid U.S. corporate taxes. 

Clinton has promised if elected to take executive action against companies who perform such maneuvers, called “tax inversions.”

But the RNC is pointing to a Washington Post report that identified one of her top campaign fundraisers as a founder of an investment firm that advised Johnson Controls on the tax maneuver.

Clinton has faced bipartisan criticism for her Wall Street ties, with critics, including primary rival Bernie Sanders, questioning her promises to crack down on the financial industry after she accepted millions from the sector in donations and paid speeches.

In her ad, Clinton stands outside of Johnson Controls’ Milwaukee headquarters and promises to punish companies who perform tax inversions.

“Now that Johnson is back on its feet, they’re gaming the system and moving profits to Ireland so they can avoid paying taxes here at home,” says Clinton.

“It’s an outrage. If I’m president, when companies walk out on America, they’ll pay a price.”