Democratic presidential nominee Hillary Clinton outlined an economic plan Thursday that calls for investing billions in infrastructure projects, creating 10 million new jobs, and making it easier for entrepreneurs to access capital, among other measures.
Ms. Clinton said that her mission “is to make the economy work for everybody, not just those at the top.”
Speaking at Futuramic Tool & Engineering in Warren, Mich., Ms. Clinton proposed spending $10 billion to expand tax incentives and other ways to support American manufacturing. Another new tax credit would encourage companies to share profits with their workers.
To offset those costs, Ms. Clinton called for “a new tax on multimillionaires,” higher taxes for companies that seek tax breaks overseas and closing the carried interest “loophole,” among other tax reforms.
“We will fight for a more patriotic, progressive tax code that puts American jobs first,” Ms. Clinton said. “Wall Street corporations and the super rich should finally pay their share of fair taxes.”
Many of the projected new jobs would come from a five-year, $275 billion infrastructure plan that she promised to get started on as soon as she takes office. “A big part of our plan will be unleashing the power of the private sector,” she said, with $25 billion in seed money for a new infrastructure bank that would expand the existing Build American Bonds program. Some of the infrastructure spending would be aimed at making the U.S. a leader in clean energy.