Secretary of State Hillary Clinton kicked off the second day of her husband's eighth-annual Clinton Global Initiative meeting in Midtown Monday, diving right into the political fray by saying the wealthy need to pay more taxes. NY1's Grace Rauh filed the following report.
Secretary of State Hillary Clinton may not be a force on the campaign trail this year, but that does not mean she is steering clear of a debate dominating the presidential contest: the taxes paid by wealthy Americans.
"One of the issues that I have been preaching about around the world, is collecting taxes in an equitable manner... especially from the elites in every country," Clinton said.
In her speech at the Clinton Global Initiative, the secretary of state said the wealthy need to do more to help spur development.
The organization was founded by her husband, former President Bill Clinton. It brings together world leaders, business executives, philanthropists and development organizations come together to try -- quite ambitiously -- to solve the world's problems.
"It is a fact that around the world, the elites of every country are making money. There are rich people everywhere, and yet they do not contribute to the growth of their own countries," Clinton said.
While she did not mention Republican presidential candidate Mitt Romney, her remarks appear to be a well-timed response to the recent release of his 2011 tax return. It showed he paid an effective tax rate of about 14 percent last year.
In an interview with CBS' "60 Minutes", Romney says he thought it was fair that he paid a lower tax rate on the $20 million he made from investments than someone who made $50,000.
Clinton says she wants to see the rich invest in their own countries.
"They don't invest in public schools and public hospitals...in other kinds of development internally," Clinton noted.
Clinton did not talk about her next move after she steps down as secretary of state following the November election. Her husband was asked about in a recent interview whether she might run for president in 2016, to which he said he had no idea.