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Re: HRC financial proposal

From:ntanden@gmail.com To: jsullivan@hillaryclinton.com CC: mshapiro@hillaryclinton.com, gbsperling@gmail.com, mschmidt@hillaryclinton.com, john.podesta@gmail.com, davidckamin@gmail.com, pyle_michael@yahoo.com Date: 2016-02-14 03:46 Subject: Re: HRC financial proposal

Just to put cards on the table ahead of the call, I don't think this is the right time for a middle class tax cut. I think liberals will see it as craven 90s centrism driven out of fear and liberals seem to be driving the narrative these days. May be more useful in the general. I would do an ftt but not for social security. Bc that is exactly his plan. And we are winning seniors. Given we have issues w low income should we consider the Hanauer Rolfe idea? On Saturday, February 13, 2016, Jake Sullivan <jsullivan@hillaryclinton.com> wrote: > Agree > > > > *From:* Michael Shapiro [mailto:mshapiro@hillaryclinton.com > <javascript:_e(%7B%7D,'cvml','mshapiro@hillaryclinton.com');>] > *Sent:* Saturday, February 13, 2016 8:00 PM > *To:* Neera Tanden <ntanden@gmail.com > <javascript:_e(%7B%7D,'cvml','ntanden@gmail.com');>> > *Cc:* Gene Sperling <gbsperling@gmail.com > <javascript:_e(%7B%7D,'cvml','gbsperling@gmail.com');>>; Jake Sullivan < > jsullivan@hillaryclinton.com > <javascript:_e(%7B%7D,'cvml','jsullivan@hillaryclinton.com');>>; Mike > Schmidt <mschmidt@hillaryclinton.com > <javascript:_e(%7B%7D,'cvml','mschmidt@hillaryclinton.com');>>; John > Podesta <john.podesta@gmail.com > <javascript:_e(%7B%7D,'cvml','john.podesta@gmail.com');>>; David Kamin < > davidckamin@gmail.com > <javascript:_e(%7B%7D,'cvml','davidckamin@gmail.com');>>; Michael Pyle < > pyle_michael@yahoo.com > <javascript:_e(%7B%7D,'cvml','pyle_michael@yahoo.com');>> > *Subject:* Re: HRC financial proposal > > > > And to be clear, should discuss our financial taxes as well; think Gene > raises right point about the risk fee / FTT. > > > > On Sat, Feb 13, 2016 at 6:34 PM, Neera Tanden <ntanden@gmail.com > <javascript:_e(%7B%7D,'cvml','ntanden@gmail.com');>> wrote: > > Are we rescheduling the tax cut call? > > > > On Sat, Feb 13, 2016 at 3:46 PM, Gene Sperling <gbsperling@gmail.com > <javascript:_e(%7B%7D,'cvml','gbsperling@gmail.com');>> wrote: > > Two thoughts for discussion: > > > > 1. There may be some real upside to going specific on risk fee. Even > though I realize that goes against the grain as it is more HRC detail and > builds on an Obama proposal: except for this: it will lead to lots of > estimates of how much it will cost the major banks that our fee focuses on. > So with detail you could get discussion like will HRC's proposal mean > Goldman and JP owe $8 billion or $18 billion. Worse things for us. Worth > considering. > > > > 2. As you guys know, I was for doing a broad thin FTT for Middle class > retirement savings or Social Security as a major Wall Street pays for Main > Street proposal and a way to blunt the critique that an FTT would hurt > stock market and thus retirement savings, and HRC had seemed open to that > formulation. As it would clearly help in primary - I am glad we will > discuss again. Though I do worry about Shapiro's worry that at this point, > we may look like we are just copying Bernie -- so would have to add it to > the calculation. But either way, I think it is may be to our upside to > consider details to what is clearly our proposal -- Wall Street Risk fee. > > > > (Added other Mikes and David) > > > Sent from my iPhone > > > On 13 Feb 2016, at 12:17 pm, Jake Sullivan <jsullivan@hillaryclinton.com > <javascript:_e(%7B%7D,'cvml','jsullivan@hillaryclinton.com');>> wrote: > > Nope. Not sure what this is. > > > On Feb 13, 2016, at 3:13 PM, Neera Tanden <ntanden@gmail.com > <javascript:_e(%7B%7D,'cvml','ntanden@gmail.com');>> wrote: > > Happy to ignore this but are we rolling out something related to finance > on Monday? > > ---------- Forwarded message ---------- > From: *Neera Tanden* <ntanden@americanprogress.org > <javascript:_e(%7B%7D,'cvml','ntanden@americanprogress.org');>> > Date: Saturday, February 13, 2016 > Subject: Fwd: HRC financial proposal > To: Neera Tanden <ntanden@gmail.com > <javascript:_e(%7B%7D,'cvml','ntanden@gmail.com');>> > > > > Sent from my iPhone > > > Begin forwarded message: > > *From:* "Jennifer Epstein (BLOOMBERG/ NEWSROOM:)" < > jepstein32@bloomberg.net > <javascript:_e(%7B%7D,'cvml','jepstein32@bloomberg.net');>> > *Date:* February 13, 2016 at 2:45:58 PM EST > *To:* <ntanden@americanprogress.org > <javascript:_e(%7B%7D,'cvml','ntanden@americanprogress.org');>> > *Subject:* *HRC financial proposal* > *Reply-To:* Jennifer Epstein <jepstein32@bloomberg.net > <javascript:_e(%7B%7D,'cvml','jepstein32@bloomberg.net');>> > > Hey Neera, > > > > We heard that HRC has some new financial regulatory proposal coming > Monday. Can you point me in the right direction on what it's about? Is it > housing or something more like setting up rules for who she'd appoint? Even > a tiny amount of guidance would be great. I'm with HRC on Vegas but can > talk at 9734959657. > > > > Thanks, > > Jen > > > > > > > > > > -- > > Michael Shapiro > > Hillary for America > > Policy > > 860-306-5849 >