Wall Street

Hillary Clinton Takes Aim at ‘Quarterly Capitalism’ in NYU Speech

In a speech at NYU’s Stern School of Business on Friday, Democratic presidential candidate Hillary Clinton took on Wall Street’s short-term focus. She proposed a progressive reform of capital gains taxes for the top income tax bracket. The current definition of a long-term holding period -- just one year -- is woefully inadequate. That may count as long term for my baby granddaughter, but not for the American economy.”