Clinton vows hundreds of billions for infrastructure, jobs

  • By LISA LERER & KATHLEEN RONAYNE
  • Sunday, November 29, 2015 9:11pm
  • Opinion

MANCHESTER, N.H. — Hillary Rodham Clinton unveiled the first piece of a new jobs agenda on Sunday, promising hundreds of billions of dollars in fresh federal spending in an effort to compete with the liberal economic policies of her primary challengers.

Her initial proposal, a $275 billion infrastructure plan, falls short of the $1 trillion pledged by Vermont Sen. Bernie Sanders to rebuild the nation’s crumbling bridges, ports, highways and airports. But it marks an effort by Clinton to fulfill her party’s desire to use national programs to boost the middle class without alienating independent voters more concerned with increasing the federal deficit.

“Some candidates may be running to make a point,” Clinton told New Hampshire Democrats, in a veiled criticism of Sanders. “I am running to make a difference.”

The state Democratic Party’s Jefferson-Jackson dinner is an annual fundraiser that offers an opportunity for the presidential candidates — former Maryland Gov. Martin O’Malley among them — to woo influential activists in the early voting state.

“I’m not a former socialist. I’m not a former Republican. I’m a life-long Democrat,” O’Malley said, taking subtle digs at Sanders, a self-described democratic socialist, and Clinton, who identified as a Republican in high school.

Already Clinton has proposed an array of new federal programs, including a $350 billion college affordability plan. Other new policies, like universal pre-K, combating substance abuse and expanding family leave, could add hundreds of billions in spending.

Clinton aides say her economic initiatives will be the most expensive of her campaign and plan to roll out proposals for new investments in manufacturing and research in the coming weeks. On Sunday, she added a pledge to give all American households access to high-speed Internet by 2020.

So far, she’s offered few specifics about how she’d fund her plans. Her campaign said that her infrastructure proposal would be paid for by closing corporate tax loopholes but didn’t detail which breaks would be targeted.

Republicans have seized on her spending, with the Republican National Committee accusing her of treating American tax dollars like “every day is Black Friday.”

At the same time, Clinton has pledged to roll out hundreds of billions of dollars in middle-class tax cuts, saying she’d increase taxes on the wealthy to fund the new breaks.

She’s vowed not to raise taxes on families earning less than $250,000 a year, using that pledge to draw a contrast with Sanders.

Clinton says Sanders would require middle-class Americans to pay higher taxes to fund his single-payer health care plan, a charge his campaign disputes.

“I’m the only Democrat in this race pledged to raise your income, not your taxes,” Clinton said at an earlier event in Boston.

But Sanders argues that Americans want the federal government to do more to help working Americans, who’ve spent years struggling through a sluggish economic recovery. His policies include a $750 billion debt-free college plan and $5.5 billion youth jobs program. He’s not detailed the cost of his single-payer health care plan, but his campaign says it would save taxpayers money in the long run because it would eliminate wasteful health spending.

“Let me also say that if these were normal times, many people in our country could be supportive of establishment politics, establishment economics and establishment foreign policy,” he told New Hampshire Democrats. “But these are not normal times.”

Clinton’s infrastructure proposal allocates $250 billion in direct investment by the federal government over the next five years.

An additional $25 billion would fund a national infrastructure bank, an idea unveiled by President Barack Obama in his first term that has been blocked repeatedly by congressional Republicans. The bank would support $225 billion in loans intended to spur private investment in struggling projects, adding a total of $500 billion in new infrastructure funds into the economy, her campaign estimates.

“To build a strong economy for our future, we must start by building strong infrastructure today,” she said at the launch of “Hard Hats for Hillary” on Sunday afternoon, a new effort by her campaign to mobilize union workers.

Clinton also picked up a key endorsement, winning the backing of Boston Mayor Marty Walsh, in a charged rally at historic Faneuil Hall. A former union member, Walsh can marshal his political forces to help Clinton both in the Massachusetts primary and neighboring New Hampshire.

“Get your sledgehammers ready,” he told hundreds of cheering union members, “we have a glass ceiling to demolish.”

More in Opinion

File
Opinion: Here’s what I expect of lawmakers in a post-Roe America

I urge lawmakers to codify abortion rights at the state and federal levels.

File
Opinion: Confusion over ranked choice voting persists

Voter confusion over ballot procedures will continue

Former Gov. Bill Walker, right, and his running mate former commissioner of the Department of Labor and Workforce Development Heidi Drygas, speak to Juneauites gathered for a fundraiser at a private home in Juneau on Tuesday, June 7, 2022. (Peter Segall / Juneau Empire)
Voices of the Peninsula: A vote for Walker/Drygas is a vote for Alaskans

It’s easy to forget some of the many lost lawsuits, devastating budget cuts and general incompetence that defines Mike Dunleavy’s term as governor

This photo shows a return envelop for 2022 special primary. (Ben Hohenstatt / Juneau Empire File)
Voices of the Peninsula: Learn how to access your ballot

The recent special primary election was the first time the state conducted an all mail-in ballot election

The Storyknife Writers Retreat in the summer of 2021 in Homer, Alaska. (Photo provided)
Point of View: Storyknife: Invest in women writers, read the rewards

Storyknife is committed to providing opportunities to a diversity of writers

Residents line the Sterling Highway in front of Sen. Lisa Murkowski’s office to oppose Pebble Mine on Wednesday, June 26, 2019, in Soldotna, Alaska. (Photo by Victoria Petersen/Peninsula Clarion)
Voices of the Peninsula: No more delays — finalize protections for Bristol Bay

How many times do we have to say NO to a bad project that would harm Alaskans?

Peter Asmus (Photo provided)
Why Alaska is leading the nation on energy innovation

Alaska is a unique vantage point upon which to review the world’s current energy conundrum

Gubernatorial candidate Bill Walker stands in the Peninsula Clarion office on Friday, May 6, 2022, in Kenai, Alaska. (Ashlyn O’Hara/Peninsula Clarion)
Opinion: On Alaska’s gasline, you can’t schedule opportunity

Alaska has the largest source of stranded conventional gas (no drilling required) in North America

Charlie Pierce stands in his home on Thursday, March 11, 2022, in Sterling, Alaska. (Ashlyn O’Hara/Peninsula Clarion)
Voices of the Peninsula: When politics get dirty

So, let me step out front and dispel the already debunked false narratives …

Most Read