Out of Touch? Hillary Clinton Claims She's Unlike the 'Truly Well Off'
Hillary Clinton is attempting to separate herself from the wealthiest of Americans. In a previous interview, Clinton said she and Bill were “dead broke” after they left the White House. Since 2001, the Clintons have reportedly made more than $150 million.
In a new interview with The Guardian, the former secretary of state says Americans “don’t see me as part of the problem […] because we pay ordinary income tax, unlike a lot of people who are truly well-off, not to name names; and we’ve done it through dint of hard work.”
Ed Henry, today’s #oneluckyguy on "Outnumbered," said it will be a “disaster” if Clinton tries to run for president on this platform.
“The rich thing does not work for her,” he said. “What she was trying to do there was shift the topic to Mitt Romney and say look, unlike Mitt Romney […] we don’t pay 12 percent or 14 percent income tax.”
Adding to the hypocrisy is the report from Bloomberg that the Clintons used trusts to limit their estate tax.
Bill and Hillary Clinton have long supported an estate tax to prevent the U.S. from being dominated by inherited wealth. That doesn’t mean they want to pay it.
To reduce the tax pinch, the Clintons are using financial planning strategies befitting the top 1 percent of U.S. households in wealth. These moves, common among multimillionaires, will help shield some of their estate from the tax that now tops out at 40 percent of assets upon death.
The Clintons created residence trusts in 2010 and shifted ownership of their New York house into them in 2011, according to federal financial disclosures and local property records.
Andrea Tantaros said she doesn’t care if the Clintons want to take every tax break available.
“Heck, I’d do it,” she said, adding, “Just don’t try and mandate that the rest of us have to pay higher taxes to fund your progressive programs.”