Today Hillary Clinton plans on previewing her infrastructure proposal at a campaign event in Boston. According to the Washington post they stated that, "Clinton's plan proposes the creation of an infrastructure bank to leverage hundreds of billions of dollars in foreign and domestic private investment for infrastructure projects". Also, the portion of the infrastructure and research investment plans that require federal spending would be paid for by closing corporate tax loopholes.
This may look like a scandal to some people because a lot of money is going into private investments.
ReplyDeleteMan, I'm so glad we're closing all these tax loopholes to pay for stuff. Everyone chants this magical incantation about tax loophole closing during every campaign and they never close. Furthermore, this is simply more of the same from Hillary: this is a diluted version of Sander's platform yet again. Sanders has already proposed a plan for infrastructure that commits more money and has a legitimate way to raise the money, not simply waving a magic wand at tax loopholes. Sanders has suggested that we simply raise taxes on large corporations and the wealthy. The American Board of Civil Engineers estimates that we would need $1.7 trillion by 2020 to maintain a "passable" infrastructure. Hillary's plan will invest $250 billion by 2020 which is 6.8 times less than what is required to simply maintain the shoddy infrastructure we have.
ReplyDeleteTo me it looks like a waste of money, she should stop thinking of spending and using the resources available to help raise money. before spending money we should first look at how she can manage the sources she has then there is no problem with spending money to invest in businesses.
ReplyDeleteI don't want to say Hillary is copying Sanders, but I think she is seeing the support from the younger crowd for Sanders and is trying to get it too.
ReplyDeleteClosing corporate tax loopholes sounds promising, but will probably be pretty hard to achieve.
ReplyDeleteThat actually sounds quite nice. Infrastructure could use some help. I saw a video of a highway or freeway ramp's pillars crumbling and nearly broken. I wonder if they will use that healing concrete if it's out yet.
ReplyDeleteI think Clintons' plan could work but i feel like many people will see her plan as fishy, I mean that is millions of dollars going into PRIVATE investments.
ReplyDeleteI agree. At this point, after all of the controversy surrounding as to whether she could be trusted, people will most likely be pretty skeptical about the whole "private investment" bit.
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