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Clinton Says She Will Pay For Billions In New Proposals, Offers Few Details

- November 13, 2015

Clinton Repeatedly Claims She Has A Plan To Pay For All Her New Spending Proposals. CLINTON: “You know there are a lot of other things I’ve been proposing, those of you who are interested you can go to HillaryClinton.com, I’m going to be rolling out even more of my policies. And I’m paying for everything. I think that’s important. … So everything that I’m proposing I have a plan to pay for.” (Hillary Clinton, Remarks At A Campaign Event, Windham, NH, 11/9/15)

It “Isn’t Clear Yet” What Exactly Clinton Will Do To Cover The Cost Of Her “Staggering” $350 Billion College Education Plan

Clinton’s College Plan Cost Will Be A Staggering $350 Billion Over 10 Years. “Clinton's New College Compact plan costs in the range of $350 billion over 10 years and will be fully paid for by closing tax loopholes and expenditures for the most fortunate.” (Press Release, “Hillary Clinton’s Promise On Student Debt Relief,” The Briefing, 8/10/15)

“It Isn’t Clear Yet” Who Would Face New Taxes, What Deductions And Loopholes She Would Close, Or How Much Money Would Be Raised. “The Democratic presidential candidate's campaign estimates that her plan -- which would include ‘no-loan tuition’ at state schools -- would cost about $350 billion over 10 years. Like many candidates, lawmakers and presidents before her, she is looking to the richest Americans to foot the bill. ‘Clinton's New College Compact plan ... will be fully paid for by closing tax loopholes and expenditures for the most fortunate,’ according to documents from the campaign. Just how fortunate isn't clear yet, nor is it clear which specific tax breaks and ‘loopholes’ Clinton will target specifically.” (Jeanne Sahadi, “Who Will Pay For Hillary Clinton’s College Plan,” CNN, 8/10/15)

  • Even On Background, Clinton’s Aides Will Only Say It “Is A Version Of A Similar Plan That President Obama” Proposed Without Giving Any Details Or How Her Proposal Would Differ. “But a campaign aide told CNNMoney that the plan to ‘limit certain high-income tax expenditures ... is a version of a similar plan that President Obama has included in several of his recent budgets.’” (Jeanne Sahadi, “Who Will Pay For Hillary Clinton’s College Plan,” CNN, 8/10/15)

Despite The Enormous Price Tag, Clinton Has Made “No Reference To The Cost Of Financing” Her At Least $200 Billion Childcare Plan

Clinton’s Expected Childcare Proposal “Is Estimated To Cost At Least $200 Billion.” “Her college-affordability plan is estimated at $350 billion over 10 years, and an expected child-care proposal is estimated to cost at least $200 billion. Those are modest sums next to Mr. Sanders’s agenda.” (Laura Meckler, “Price Tag Of Bernie Sander’s Proposals: $18 Trillion,” The Wall Street Journal, 9/14/15)

Clinton Has Made “No Reference To The Cost Of Financing” Her Childcare Initiative. In addition, Clinton ‘called for doubling our investment in Early Head Start and the Early Head Start-Child Care partnerships.’ There is a lot of background about the importance of early childhood education, but there is no reference to the cost or financing of the initiative.” (Phillip Klein, “Hillary Clinton 'Fact Sheet' On Her Universal Preschool Proposal Doesn't Say How She'll Pay For It,” The Washington Examiner, 6/15/15)

Clinton’s Has Passed The Burden Onto Congress For Her Repeal Of The Cadillac Tax – Estimated Loss Of Revenue $87 Million Dollars

Clinton Has Called For The Repeal Of The ‘Cadillac Tax’ Created By The Affordable Care Act. “U.S. Democratic presidential candidate Hillary Clinton called on Tuesday for the repeal of the "Cadillac tax" on premium health insurance plans that was created under President Barack Obama's sweeping healthcare law.” (John Whitesides, “Clinton Calls For Repeal Of ‘Cadillac Tax’ On Healthcare Plans,” Reuters, 9/29/15)

  • Clinton’s Campaign Estimates The Repeal Of The Tax Will Costs $87 Billion In Lost Revenue. “Clinton's campaign said the estimated $87 billion in lost revenue from repeal of the Cadillac Tax would be offset by her reform plans released last week.” (John Whitesides, “Clinton Calls For Repeal Of ‘Cadillac Tax’ On Healthcare Plans,” Reuters, 9/29/15)

Clinton Has Passed The Burden Of Replacing The Lost Revenue Onto Congress Calling On Them To “Fully Pay For The Cost Of Repeal.” “‘Too many Americans are struggling to meet the cost of rising deductibles and drug prices. That’s why, among other steps, I encourage Congress to repeal the so-called Cadillac Tax, which applies to some employer-based health plans, and to fully pay for the cost of repeal,’ Clinton said in a statement.” (Anne Gearan, “Clinton To Call For Nixing ‘Cadillac Tax’ On Health Plans Under Obamacare,” The Washington Post, 9/29/15)

Clinton Has “Offered No Details” On How She Would Pay For Her Early Childhood Education Plan – At Least $75 Billion Over Ten Years

Clinton Backed A Proposal From President Obama To Expand Preschool For Low-Income Children. “Hillary Clinton proposed expanded preschool for low-income children, backing a proposal from President Barack Obama that has failed to advance through Congress.” (Laura Meckler, “Clinton Embraces Obama’s Call For Expanded Public Preschool,” The Wall Street Journal,,” 6/15/15)

  • A Similar 2013 Proposal Was Estimated To Cost $75 Billion Over 10 Years. “A similar 2013 proposal from Mr. Obama was estimated at $75 billion over 10 years.” (Laura Meckler, “Clinton Embraces Obama’s Call For Expanded Public Preschool,” The Wall Street Journal,” 6/15/15)

Clinton “Offered No Details, Nor Did Her Campaign Offer A Cost Estimate.”  “Beyond that, she offered no details, nor did her campaign offer a cost estimate. A similar 2013 proposal from Mr. Obama was estimated at $75 billion over 10 years.” (Laura Meckler, “Clinton Embraces Obama’s Call For Expanded Public Preschool,” The Wall Street Journal,” 6/15/15)

 “It’s Unclear Where At Least $20 Billion” For Clinton’s $60 Billion Energy Plan Would Come From

Clinton’s Spokesman Said Clinton’s Plan Would Cost $60 Billion Over 10 Years And Would Be Paid For By Higher Taxes. “The plan’s estimated cost is about $60 billion over 10 years, and would be paid for by eliminating tax breaks for the oil and gas industry, Clinton spokesman Brian Fallon said.” (Thoman Beaumont, “In Iowa, Clinton Says Climate Plan Will Promote Renewables,” The Associated Press, 7/27/15)

  • Clinton Once Again Offered These Massive Projects Without Any Plan To Pay For Them. “Mrs. Clinton did not detail how, exactly, she would pay for her clean-energy proposals. She said she would offer more specifics in the future and that some of these initiatives would pay for themselves.” (Colleen McCain Nelson, “Hillary Clinton Sidesteps Keystone In Climate Plan Rollout,” The Wall Street Journal, 7/27/15)

“It’s Unclear” On Where The Money Will Come From To Pay For Her Plan, With Almost $20 Billion Unaccounted For. “The Clinton camp estimates that its proposal, which calls for installing 500 million solar panels across the U.S. by the end of her term, would cost about $60 billion over 10 years — money that would come from rolling back tax benefits for the oil and gas industry. But it’s unclear where at least $20 billion of that money would come from.” (Elena Schor, “The Holes In Hillary Clinton’s Climate Plan,” Politico, 7/27/15)

Clinton Says She Will “Specify Later” How She Will Pay For $10 To $20 Billion Profit-Sharing Tax-Credit Plan

The Proposed Tax Credit Would Cost The U.S. Government Between “$10 Billion To $20 Billion Over A Decade.” “The tax credit would last just two years and cost the government $10 billion to $20 billion over a decade, according to the campaign, which says those costs would be offset by closing ‘loopholes’ that Clinton will specify later. She is speaking Thursday afternoon in New Hampshire about the proposal.” (Richard Rubin, “Hillary Clinton Dangles Tax Credit To Companies That Share Profits With Workers,” Bloomberg, 7/16/15)

  • Clinton Has Offered To “Specify Later” How She Will Pay For The Profit-Sharing Plan. “The tax credit would last just two years and cost the government $10 billion to $20 billion over a decade, according to the campaign, which says those costs would be offset by closing ‘loopholes’ that Clinton will specify later. She is speaking Thursday afternoon in New Hampshire about the proposal.” (Richard Rubin, “Hillary Clinton Dangles Tax Credit To Companies That Share Profits With Workers,” Bloomberg, 7/16/15)

Clinton’s Campaign Cited Tax Increases As A Way To Pay For Her $1 Billion Annually, $10 Billion Over Ten Years Hiring Credit Plan, But “Haven’t Detailed Them Yet”

Clinton Will Offer Businesses A Tax Credit Of $1500 Per Apprentice. Her idea is to offer businesses a tax credit of $1,500 per apprentice, with extra incentives for hiring young adults. The proposal is similar to legislation proposed by two bipartisan pairs of senators, and the White House also has backed the concept, hosting a summit on apprenticeship and making grants to support the programs.” (Laura Meckler, “Hillary Clinton Proposes Tax Credit For Business To Train Apprentices,” The Wall Street Journal, 6/17/15)

  • The Center For Law And Social Policy Estimated The Credit Costs “More Than $1 Billion Annually” Of Tax Revenue. “The credit costs more than $1 billion annually, mostly in the form of tax revenue lost to the U.S. Treasury., according to the Washington-based Center for Law and Social Policy, which promotes policies to help low-income people.” (Angela Greiling Keane, “Hillary Clinton’s Jobs Tax Credit Recalls Past Stimulus Tries,” Bloomberg Politics, 7/13/15)

Clinton’s Campaign Has Offered The Usual Ambiguous Tax Increases As A Way To Pay For The Plan, “But Haven’t Detailed Them Yet.” “As with Monday’s preschool proposal, the campaign didn’t provide a cost estimate of the apprenticeship plan. Campaign aides have said that Mrs. Clinton’s proposals would be paid for with tax increases or spending cuts, but haven’t detailed them yet.” (Laura Meckler, “Hillary Clinton Proposes Tax Credit For Business To Train Apprentices,” The Wall Street Journal, 6/17/15)

Clinton’s Campaign Has Admitted Funding Proposals “May Not Be Sufficient” For Her Drug Treatment And Prevention Plan - $10 Billion Over Ten Years

Clinton Proposed A $10 Billion Plan To Combat Drug Abuse And Increase Spending On Treating Addiction. “Hillary Rodham Clinton on Wednesday released plans for a $10 billion initiative to combat the escalating drug epidemic that she says has swept through rural America and has emerged as a regular concern among voters she has met in the early nominating states.” (Amy Chozick, “Hillary Clinton Proposes $10 Billion Plan To Combat Drug Epidemic,” The New York Times, 9/2/15)

Clinton’s Campaign Has Admitted Funding Proposals “May Not Be Sufficient” To Cover The Entire Cost Of Her Plan. “Mrs. Clinton says she would pay for the program by directing that the attorney general issue guidance to prioritize treatment over incarceration for nonviolent, low-level federal drug offenders. The savings would contribute to paying for the new grant programs, but may not be sufficient, the campaign said. The campaign did not identify any other possible ways to pay for the new spending.” (Laura Meckler, “Hillary Clinton Proposes $10 Billion Plan To Combat Drug Addiction,” The Wall Street Journal’s Washington Wire, 9/2/15)

Clinton Has Officered No More Than To “Make The Wealthy Pay For It” When It Comes To Her Paid Family Leave Plan- $10 Billion Over Ten Years

Clinton Has Proposed A “$1 Billion Per Year Innovation Fund To Encourage States To Develop Family Leave And Paid Leave Policies.” “Hillary Clinton proposed a $1 billion per year innovation fund to encourage states to develop family leave and paid leave policies and repeatedly cosponsored legislation to provide seven paid sick days a year to American workers.” (“Hillary Clinton: Fighting For America’s Workers,” Correct The Record, Accessed 10/12/15)

Lacking Any Detail, Clinton Said She Will “Make The Wealthy Pay For It” When It Comes To Her Paid Family And Medical Leave Programs. “‘They don’t mind having big government to interfere with a woman’s right to choose and to take down Planned Parenthood,’ Clinton said of Republicans. ‘I’m sick of it. We should not be paralyzed by the Republicans and their constant refrain of ‘big government this’ and ‘big government that’ … I know we can afford it because we will make the wealthy pay for it,’ she said of a federal family and medical leave program.” (Tessa Berenson, “How Hillary Clinton Knocked Carly Fiorina On Paid Family Leave.” Time, 10/13/15)

Clinton Has Provide No Information On How To Pay For Expanding Previously Expired Billon Dollar Tax Credits - $10 Billion Over Ten Years

Clinton Has Proposed Bringing Back The New Markets Tax Credit. CLINTON:  “I want to bring back a program that was started in the Clinton administration called the New Markets Tax Credit which helps small businesses in economically struggling communities.” (Hillary Clinton, Remarks, New England Council Politics And Eggs, 10/28/15)

The Congressional Budget Office Estimates The Cost Of The Credit To Be About $1 Billion Per Year. “New Markets Tax Credit – Some lawmakers love this incentive, which seeks to spur private investment in economically struggling areas, and even want to expand it. Others, like Sen. Tom Coburn (R-Okla.), say many of the investments happen in areas that are not distressed. (Cost: $978 million)” (Bernie Becker, “Inside Congress’s $42B Tax-Break Package,” The Hill, 12/13/14)

Clinton Has Provided No Information On How She Would Pay For Reinstituting And Expanding The New Markets Tax Credit. (Press Release, “Hillary Clinton’s Plan To Break Free From The Tyranny Of Today’s Earnings Report And Encourage Long-Term Growth,” The Briefing, Accessed 11/11/15) 


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