Clinton Will Unveil $275 Billion Infrastructure Plan to Create Jobs
U.S. Democratic presidential candidate Hillary Clinton plans to make job creation the focus of her campaign over the next month, beginning with a $275 billion infrastructure spending plan that will be released this week.
Clinton’s plan to increase the federal government’s spending on infrastructure by $275 billion over the next five years will be fully paid for by changing how businesses are taxed, a campaign aide said, without providing any details.
Of the total amount, $25 billion will be earmarked for an infrastructure bank. Clinton’s campaign estimates her proposals could also encourage private investment that, along with government spending, would inject a total of $500 billion into rebuilding crumbling roads, bridges, buildings and other structures.
“My jobs plan starts with investing in infrastructure,” Clinton said on Sunday at the launch of “Hard Hats for Hillary” in Boston, “not just because infrastructure jobs are good-paying jobs, though they are, and not just because we desperately need to invest in building our future again, which we do, but because investing in infrastructure makes our economy more productive and competitive across the board.”