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Over $16 Billion Per Minute

- October 14, 2015

Clinton's Debate Proposals Would Cost Over $515 Billion In New Spending


TOP TAKEAWAYS

  • Speaking for just 31 minutes at last night's Democratic presidential debate, Clinton proposed $515 billion in new domestic spending over 10 years.
  • That amounts to over $16.5 billion per minute she spoke, and that doesn't include all the spending she has proposed since announcing her campaign.
  • Despite hundreds of billions in new education spending, an energy proposal, and several economic proposals, Clinton has provided few details on how she'll pay for these expensive new programs.

During Last Night's Debate, Clinton Proposed Over $16.5 Billion In New Spending For Every Minute She Spoke. ("How Much Time Each Candidate Spoke For At The Democratic Debate," The New York Times , 10/14/15; RNC Research)

  • During Last Night's Debate, Clinton Spoke For 31 Minutes And 5 Seconds. ("How Much Time Each Candidate Spoke For At The Democratic Debate," The New York Times , 10/14/15)
  • During Last Night's Debate, Clinton Proposed $515 Billion In New Spending Over 10 Years. (RNCResearch)

CLINTON OUTLINED $515 BILLION IN NEW SPENDING

Clinton College Plan: $350 Billion Over 10 Years

Clinton Proposed Her Plan For College Affordability. CLINTON: "Let me address, college affordability, because I have a plan that I think will really zero in on what the problems are. First, all the 40 million Americans who currently have student debt will be able to refinance their debt to a low interest rate. That will save thousands of dollars for people who are now struggling under this cumbersome, burdensome college debt. As a young student in Nevada said to me the hardest thing about going to college should not be paying for it. How do we make it more affordable? My plan would enable anyone to go to a public college or university twice free. You would not have to borrow money for tuition." (Hillary Clinton, Democratic Primary Debate, Las Vegas, NV, 10/13/15)

  • 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)

Clinton Early Childhood Education Plan: $75 Billion Over 10 Years

Clinton Cited Her Early Childhood Education Plan. CLINTON: "But, I believe that the debate, and the discussion has to go further, Anderson, because we've got to do more about the lives of these children. That's why I started off by saying we need to be committed to making it possible for every child to live up to his or her god given potential. That is really hard to do if you don't have early childhood education..." CNN'S ANDERSON COOPER: "Senator..." CLINTON: ...if you don't have schools that are able to meet the needs of the people, or good housing, there's a long list. We need a new New Deal for communities of color." (Hillary Clinton, Democratic Primary Debate, Las Vegas, NV, 10/13/15)

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)

Clinton Energy Plan: $60 Billion Over 10 Years

Clinton Highlighted Her Plan For "Investing In Infrastructure And Clean Energy … And Taking The Opportunity Posed By Climate Change To Grow Our Economy." CLINTON: "I've traveled across our country over the last months listening and learning, and I've put forward specific plans about how we're going to create more good-paying jobs: by investing in infrastructure and clean energy, by making it possible once again to invest in science and research, and taking the opportunity posed by climate change to grow our economy." (Hillary Clinton, Democratic Primary Debate, Las Vegas, NV, 10/13/15)

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)

"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 Profit-Sharing Plan: $10 To $20 Billion Over 10 Years

Hillary Clintons Touts Her Plan To Make Companies "Share Profits." HILLARY CLINTON: "At the center of my campaign is how we're going to raise wages. Yes, of course, raise the minimum wage but we have to do so much more including finding ways so that companies share profits with the workers who help to make them and then we have to figure out how we're going to make the tax system a fairer one. Right now the wealthy pay too little and the middle class pays too much. So, I have specific recommendations about how we're going to close those loopholes, make it clear that the wealthy will have to pay their fare share and have a series of tax cuts for middle class families." (Hillary Clinton, Democratic Primary Debate, Las Vegas, NV, 10/13/15)

  • 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 Hiring Tax-Credit Plan: $10 Billion Over 10 Years

Clinton Shared Her Vision To Create "Good Jobs" And "Good Job Training" Through Her Hiring Plan. CLINTON: "Both Bill and I have been very blessed. Neither of us came from wealthy families and we've worked really hard our entire lives and I want to make sure every single person in this country has the same opportunities that he and I have had, to make the most of their god-given potential and to have the chances that they should have in America for a good education, good job training and then good jobs. I have a five-point economic plan because this inequality challenge we face, we have faced it at other points. It's absolutely right." (Hillary Clinton, Democratic Primary Debate, Las Vegas, NV, 10/13/15)

Clinton Has Offered A Hiring-Tax Credit Of $1,500 Per New Apprentice That A Business Hires And Trains. "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 Paid Family Leave Plan: $10 Billion Over 10 Years

Clinton Laid Out Her Plan For Paid Family Leave. CLINTON: "I'm surprised she says that because California has had a paid leave program for a number of years." DANA BASH: "On the federal level." CLINTON: "On a state level, a state that is as big as many countries in the world and it has not had the ill affects the Republicans are always saying it will have and I think this is typical Republican scare tactics. We can design a system and pay for it that does not put the burden on small businesses. I remember as a young mother having a baby wake up who was sick and I was supposed to be in court because I was practicing law, I know what it's like and I think we need to recognize the incredible challenges that so many parents face, particularly working moms. I see my good friend Sen. Gellibrand in the front row. She's been a champion of this. We need to get a consensus through this campaign, which is why I'm talking about it everywhere I go and join the rest of the advanced world in having it." (Hillary Clinton, Democratic Primary Debate, Las Vegas, NV, 10/13/15)

  • 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)

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)


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