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A $275 Billion Union Payoff

- December 3, 2015

Clinton Pushes A $1.2 Trillion Spending Spree To Compensate For Her Opposition To The Union-Backed Keystone XL Pipeline

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TOP TAKEAWAYS

· Today, Clinton will discuss her $275 billion National Infrastructure Plan, part of the $1.2 trillion in new spending she has proposed.

· Clinton and her campaign continue to usher in the "era of big government," "without providing details" on how to pay for her spending spree.

· Clinton's costly infrastructure plan creates the National Infrastructure Bank, widely viewed as a payoff to unions and top donors who are connected to the Clinton Global Initiative.

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Today, Clinton Will Discuss Her $275 Billion Infrastructure Plan At The Carpenters Training Center In Sioux City, Iowa. "Democrat Hillary Clinton will return to Sioux City, on Friday, December 4th, to talk about rebuilding America's infrastructure. The former Secretary of State will speak at 11:30am, on Friday, at the Carpenters Training Center, at 2200 West 19th Street. Doors for the event open at 10:00am. Campaign aides say Clinton will discuss her five-year, $275 billion plan to create jobs and increase wages by building a 21st century backbone for a thriving 21st century economy." (Matt Breen, "Clinton To Address Rebuilding America's Infrastructure At Sioux City Event,"KITV, 12/1/15)

Clinton's Infrastructure Plan Would Put Forth $250 Billion In Direct Federal Spending And $25 Billion For A "Strategic Infrastructure Bank" That Would Control An Additional $225 Billion In Funds. "Clinton's plan would put $250 billion toward direct federal spending on infrastructure, while the remaining $25 billion would be seed funds to launch what her campaign described as a 'strategic infrastructure bank.' The bank would leverage the initial federal investment to support another $225 billion in direct loans, loan guarantees and other forms of credit." (Jennifer Epstein, "Hillary Clinton Calls For $275 Billion In Federal Infrastructure Spending," Bloomberg , 11/29/15)

Clinton Has Withheld Details On How She Will Pay For Her Plan. " 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." (Amanda Becker, "Clinton Will Unveil $275 Billion Infrastructure Plan To Create Jobs," Reuters, 11/29/15)

LABOR UNIONS WOULD "BENEFIT SIGNIFICANTLY" FROM CLINTON'S PLAN FOR A NATIONAL INFRASTRUCTURE BANK "MODELED ON THE CLINTON GLOBAL INITIATIVE"

Some Of The "Most Influential Labor Unions" In The Country Have "Praised" Clinton's Plan For A National Infrastructure Bank. Damon Silvers, director of public policy at the A.F.L.-C.I.O., among the country's most influential labor unions, praised the plan, saying 'Secretary Clinton is exactly right to call her plan a 'down payment.'' For some activist groups, however, the plan did not go far enough." (Amy Chozick, "Hillary Clinton Unveils $275 Billion Infrastructure Investment," The New York Times , 11/30/15)

  • Labor Unions, "Which Represent A Major Voting Bloc," Would "Benefit Significantly" From Clinton's National Infrastructure Bank. "Labor unions, which represent a major voting bloc and well of financial support for Clinton, would also benefit significantly from a national infrastructure bank." (Alana Goodman and Lachlan Markay, "Leaked Audio: Hillary Clinton Calls At Private Fundraiser For Infrastructure Bank To Resemble Clinton Global Initiative," The Washington Free Beacon , 9/30/15)

On Thursday, Clinton Received An Endorsement From North America's Building Trades Union Who Cited Clinton's Infrastructure Plans As The Primary Reason For Their Endorsement. "' Secretary Clinton's work on behalf of Building Trades workers and their families is unquestioned,' said McGarvey. 'Her infrastructure plan is further proof that she understands that the state of our nation's infrastructure is a bellwether for the health of the American economy and for the economic prospects of American workers. We commend Secretary Clinton for putting forth a robust, yet entirely practical plan. She acknowledges, in stark contrast to the other candidates in this presidential race, that this is a national problem which requires a bold, national, and realistic solution, not a pie-in-the-sky dream or a piecemeal approach.'" (Press Release, "North America's Building Trades Issue Formal Endorsement Of Hillary Clinton For President," Building Trades , 12/3/15)

Clinton Advertised To Unions That Her National Infrastructure Bank Would Be "Modeled On The Clinton Global Initiative"

During A Recent Fundraiser, Clinton Said Her Plan Is To Create A National Infrastructure Bank That Would Be "Modeled On The Clinton Global Initiative." "Hillary Clinton told donors at a private fundraiser in New York last Thursday that she plans as president to create a 'national infrastructure bank' modeled on the Clinton Global Initiative, according to a recording of her remarks obtained by the The Washington Free Beacon." (Alana Goodman and Lachlan Markay, "Leaked Audio: Hillary Clinton Calls At Private Fundraiser For Infrastructure Bank To Resemble Clinton Global Initiative," The Washington Free Beacon , 9/30/15)

  • Clinton Cited The Clinton Global Initiative's Partnership With Labor Unions As Something That "Has Created Tens Of Thousands Of Jobs" For Its Members And Could Be Used As An Example For How A Federal Infrastructure Bank Would Operate . "Clinton said CGI's 'public-private' partnership with labor unions has created tens of thousands of jobs, and argued that a federal infrastructure bank could take on this type of project. 'Think of what we can do on a national scale,' said Clinton." (Alana Goodman and Lachlan Markay, "Leaked Audio: Hillary Clinton Calls At Private Fundraiser For Infrastructure Bank To Resemble Clinton Global Initiative," The Washington Free Beacon , 9/30/15)

Union Officials Connected To The Clinton Global Initiative Have Said "They Have Hopes" Their Partnership "Will Spur The Creation Of A National Infrastructure Bank." "But the Chicago meeting is the first Clinton Global Initiative gathering focused solely on the U.S. and its troubled job climate. Chief among the initiatives Clinton unveiled was a plan presented by the AFL-CIO to work with money managers, pension funds, asset consultants, developers, and federal, state and local governments to use at least $10 billion in workers' capital for public infrastructure repairs over the next five years. Union officials said they have hopes their offer will spur creation of a National Infrastructure Bank to spur subsidized bonds for public works projects." (Rick Pearson, "Clinton Global Initiative Focuses On Domestic Job Growth," Chicago Tribune , 6/29/11)

In Addition To Labor Unions, Clinton's National Infrastructure Bank Could Be "A Windfall For Some Of Her Top Financial Supporters"

Clinton's Proposed National Infrastructure Bank Could Be "A Windfall For Some Of Her Top Financial Supporters." "White said recent controversies over the green energy company Solyndra and the Export-Import bank also show the potential for 'favoritism, waste, politicalization.' Clinton's plan could also be a windfall for some of her top financial supporters." (Alana Goodman and Lachlan Markay, "Leaked Audio: Hillary Clinton Calls At Private Fundraiser For Infrastructure Bank To Resemble Clinton Global Initiative," The Washington Free Beacon , 9/30/15)

Clinton's Comparison Of Her Infrastructure Bank To The Clinton Global Initiative Will "Give Ammunition" To Those Who Feel Her Family's Foundation Is "Plagued With Conflicts Of Interest And Financial Mismanagement." "Her comments could also give ammunition to critics who say that the Clintons' philanthropic operations, including CGI, have been plagued with conflicts of interest and financial mismanagement." (Alana Goodman and Lachlan Markay, "Leaked Audio: Hillary Clinton Calls At Private Fundraiser For Infrastructure Bank To Resemble Clinton Global Initiative," The Washington Free Beacon , 9/30/15)

Clinton's Proposed National Infrastructure Bank "Dovetails With The Financial Interests Of Some Of Her Most Prominent Supporters." "Clinton's plan for a national infrastructure bank dovetails with the financial interests of some of her most prominent supporters. Her comments could also give ammunition to critics who say that the Clintons' philanthropic operations, including CGI, have been plagued with conflicts of interest and financial mismanagement." (Alana Goodman and Lachlan Markay, "Leaked Audio: Hillary Clinton Calls At Private Fundraiser For Infrastructure Bank To Resemble Clinton Global Initiative," The Washington Free Beacon , 9/30/15)

CLINTON'S $275 BILLION INFRASTRUCTURE PLAN BRINGS HER SPENDING SPREE TO A TOTAL OF $1.2 TRILLION

Clinton Has Proposed A Total Of $1.192 Trillion In New Spending Programs Or Expanded Spending Over Ten Years. (Reuters, 11/29/15;The Briefing, Accessed 8/10/15; The Wall Street Journal, 9/14/15; The Associated Press , 7/27/15; The Hill, 11/12/15;The Wall Street Journal, 6/15/15;American Federation Of Teachers, 11/9/15; National Education Association, 2/2/15; The New York Times , 9/2/15; Correct The Record, Accessed 10/12/15; The Briefing¸ Accessed 11/30/15;Puerto Rico Healthcare Crisis Coalition, Accessed 12/1/15;The Briefing, 8/26/15;Federal Register, 12/12/14;The Briefing, 8/26/15;USDA, 10/2/15;The Briefing, Accessed 11/2/15; Department Of Justice, Accessed 11/30/15; The Briefing, Accessed 8/26/15;USDA, 1/12/15;The Briefing, Accessed 11/2/15;Reuters, 4/23/15; GAO, 03/14)

The "Day Of Reckoning Is Coming" For Clinton To Disclose How She Will Pay For Her "Era Of Big Government" Spending Proposals. HALPERIN: "The other one I'd offer up is the infrastructure plan. She is proposing enormous new spending plans, the 'era of big government' is not over when it comes to Hillary Clinton's vision of how to do this, and she's not annunciated spending cuts yet, and I think that the day of reckoning is coming for her to talk about how she is going to raise taxes high enough or cut spending enough to not swell the deficit." ( Bloomberg's "With All Due Respect," 12/1/15)

CLINTON'S NEW SPENDING PROPOSAL FOLLOWS HER DECISION TO SIDE WITH ENVIRONMENTAL MONEY OVER HER UNION WORKERS

"After Months Of Declining To Take A Position On The Keystone XL Pipeline, "Clinton Decided She Opposed The Project." "After months of declining to take a position on the Keystone XL pipeline, Democratic presidential candidate Hillary Clinton says she opposes the construction of the project. 'I think it is imperative that we look at the Keystone XL pipeline as what I believe it is: A distraction from the important work we have to do to combat climate change, and, unfortunately from my perspective, one that interferes with our ability to move forward and deal with other issues,' she said during a campaign event in Iowa Tuesday. 'Therefore, I oppose it.'" (Monica Alba and Carrie Dann, "Hillary Clinton: I Oppose The Keystone XL Pipeline," NBC News, 9/22/15)

  • Clinton Applauded Obama's Decision To Reject Keystone On Twitter. @HillaryClinton: "The right call. Now it's time to make America a clean energy superpower. -H" (Hillary Clinton, Twitter Feed, 11/6/15)

Clinton's Move To Oppose The Keystone Pipeline Was What Her Elite Environmental Donors Wanted. "Several of Clinton's top donors, including Tom Steyer and Susie Tompkins Buell, are active in the environmental movement, and they have wanted her to come out against Keystone for some time. It's an issue that matters a lot to that segment of the Democratic Party, and coming out against the pipeline takes a wedge issue away from Clinton's current opponents - and perhaps Vice President Joe Biden, if he runs." (Jonathan Allen, "Hillary Clinton's Opposition To Keystone XL Is A Political Winner," Vox, 9/22/15)

The Keystone XL Pipeline Was "Supported By A Large Number Of Labor Unions," A "Key Part" Of Clinton's Democrat Base. "The rev­el­a­tion of her po­s­i­tion in Iowa will likely help the Demo­crat­ic White House can­did­ate cor­ral support among green act­iv­ists, but the pro­ject is sup­por­ted by a large num­ber of labor uni­ons, an­oth­er key part of the Demo­crat­ic base." (Ben Geman, "Hillary Clinton Comes Out Against The Keystone Pipeline, After Long Avoiding A Position," National Journal , 9/22/15)


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