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Hillary Clinton presidential campaign, 2016/Budgets
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See what Hillary Clinton and the Democratic Party Platform said about budgets below.
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Clinton on budgets
- During the sixth Democratic presidential primary on February 11, 2016, Hillary Clinton talked about addressing problems for low-income, white Americans: “I've come forward with, for example, a plan to revitalize coal country, the coalfield communities that have been so hard hit by the changing economy, by the reduction in the use of coal. You know, coal miners and their families who helped turn on the lights and power our factories for generations are now wondering, has our country forgotten us? Do people not care about all of our sacrifice? And I'm going to do everything I can to address distressed communities, whether they are communities of color, whether they are white communities, whether they are in any part of our country. I particularly appreciate the proposal that Congressman Jim Clyburn has—the 10-20-30 proposal[2]—to try to spend more federal dollars in communities with persistent generational poverty. And you know what? If you look at the numbers, there are actually as many, if not more white communities that are truly being left behind and left out. So, yes, I do think it would be a terrible oversight not to try to address the very real problems that white Americans -- particularly those without a lot of education whose jobs have -- you know, no longer provided them or even no longer present in their communities, because we have to focus where the real hurt is. And that's why, as president, I will look at communities that need special help and try to deliver that.”[3]
- At her campaign event “Hard Hats for Hillary” in Boston on November 29, 2015, Clinton announced her plan to invest $275 billion in infrastructure development. The proposal included $250 billion in direct investment by the federal government over the next five years. Another $25 billion would fund a national infrastructure bank, an idea which had struggled to gain traction in Congress. The bank would support $225 billion in loans intended to spur private investment, adding a total of $500 billion in new infrastructure funds into the economy, the Clinton campaign estimated. Her infrastructure proposal would be paid for by closing corporate tax loopholes, including ending “preferences for companies that stash their profits in overseas banks to avoid U.S. taxes” and ending “a corporate tax loophole that allows large companies to avoid taxes by moving their headquarters overseas,” according to USA Today. At the event, Clinton said, “Investing infrastructure makes our economy more productive and competitive. To build a strong economy for our future, we must start by building strong infrastructure today.”[4] [5]
- Between 2013 and 2015, Clinton gave several paid speeches to financial institutions in the Unites States and abroad. WikiLeaks released alleged excerpts and transcripts from those speeches in October 2016.[6]
- The Clinton campaign declined to verify whether the speeches were authentic.[7]
- In 2013, Clinton allegedly said that "big elements" of the Simpson-Bowles framework to reduce the deficit "were right." She continued, "The specifics can be negotiated and argued over. But you got to do all three. You have to restrain spending, you have to have adequate revenues, and you have to have growth. And I think we are smart enough to figure out how to do that."[6]
- For more information about the WikiLeaks release, click here.
- Although she voted for a one year moratorium on earmarks in 2008, Hillary Clinton sponsored more than $1.2 billion in earmarks during her tenure in the Senate.[8][9]
- In 2008, Clinton "called for Congress to pass an economic stimulus package that could cost as much as $110 billion to help low-income families keep their homes, to subsidize heating costs this winter and perhaps refund some taxes," according to the Los Angeles Daily News.[10]
- Clinton voted for HR 3061 - Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2002, which became law on January 10, 2002. The bill allocated "$123.1 billion in discretionary appropriations for the Departments of Labor, Health and Human Services, and Education."[11]
- In 1993, Clinton opposed a balanced budget amendment.[12]
The 2016 Democratic Party Platform on budgets | ||||||
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Recent news
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See also
Footnotes
- ↑ CNN, "Hillary Clinton launches second presidential bid," April 12, 2015
- ↑ The Hill, "Ryan, black lawmakers, may join forces on poverty plan," February 9, 2016
- ↑ The Washington Post, "Transcript: The Democratic debate in Milwaukee, annotated," February 11, 2016
- ↑ AP, "Clinton pledges hundreds of billions for infrastructure," November 30, 2015
- ↑ USA Today, "Hillary Clinton infrastructure plan begins monthlong focus on jobs," November 29, 2015
- ↑ 6.0 6.1 WikiLeaks, "HRC Paid Speeches," accessed October 11, 2016
- ↑ The Chicago Tribune, "The inherent peril in trusting whatever WikiLeaks dumps on us," October 13, 2016
- ↑ Vote Smart, “S Amdt 4347 - Earmark Moratorium - Key Vote," accessed December 17, 2014
- ↑ Legistorm, “Sen. Hillary Rodham Clinton (-New York) - Earmarks Requested," accessed December 17, 2014
- ↑ Los Angeles Daily News, "Clinton pitches hefty economic stimulus plan in Southland," accessed February 3, 2015
- ↑ Congress.gov, "H.R.3061," accessed January 29, 2015
- ↑ Christian-Science Monitor, “Hillary Clinton Disputes Balanced-Budget Plan," November 9, 1993
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Democratic Party, "The 2016 Democratic Party Platform," accessed August 23, 2016