Clinton Campaign Proposes $275 Billion Infrastructure Plan
Democratic presidential aspirant Hillary Clinton unveiled a $275 billion plan for investing in infrastructure nationwide over five years, paid for through business tax reform.
The former secretary of state’s plan would serve as a “down payment” in the effort to modernize the country’s aging roads and bridges.
Additionally, Clinton would propose using $25 billion to establish a national infrastructure bank. The bank would be used to support up to $225 billion in direct loans, loan guarantees and credit opportunities. Also, the campaign noted that a Clinton administration would rely on Build America bonds, which had been used to assist states and localities with accessing loans to pay for infrastructure projects.
“Workers can’t get to work, congestion keeps parents stuck in traffic, floods threaten our cities and airports leave travelers stranded for hours or even days at a time,” the campaign wrote about the plan this week.
While discussions about infrastructure have not dominated headlines surrounding the 2016 presidential contest, Clinton is not the only major candidate with an infrastructure plan.
Families pay over $500 per year on car maintenance because of deteriorating roads. We need to invest in our infrastructure.
— Hillary Clinton (@HillaryClinton) December 2, 2015
In January, Vermont Sen. Bernie Sanders, also running for president as a Democrat, proposed a bill that would authorize $1 trillion in spending over the next five years to fund the transportation network.
“A $1 trillion investment to modernize our country’s physical infrastructure would not just rebuild our country, but create and maintain 13 million good-paying jobs that our economy desperately needs,” Sanders wrote in a newspaper editorial.
