Hillary Clinton unveils S$388 billion infrastructure plan in election campaign

An aide said Mrs Hillary Clinton's plan to increase the US government's infrastructure spending by SS$388 billion over the next five years will be fully paid for by changing how businesses are taxed.
An aide said Mrs Hillary Clinton's plan to increase the US government's infrastructure spending by SS$388 billion over the next five years will be fully paid for by changing how businesses are taxed. PHOTO: AFP

BOSTON (REUTERS) - US Democratic presidential candidate Hillary Clinton plans to make job creation the focus of her campaign over the next month, beginning with a US$275 billion (S$388 billion) infrastructure spending plan that will be released this week.

Her plan to increase the federal government's spending on infrastructure by US$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.

Of the total amount, US$25 billion will be earmarked for an infrastructure bank.

Mrs Clinton's campaign estimates that her proposals could also encourage private investment that, along with government spending, would inject a total of US$500 billion into rebuilding crumbling roads, bridges, buildings and other structures.

"My jobs plan starts with investing in infrastructure," she said on Sunday (Nov 29) at the launch of Hard Hats for Hillary in Boston, "not just because infrastructure jobs are good-paying jobs, though they are, and not just because we desperately need to invest in building our future again, which we do, but because investing in infrastructure makes our economy more productive and competitive across the board".

The hard hats group is made up of union workers in skilled trades such as carpentry who support Mrs Clinton's campaign.

Her campaign cited a recent study that showed the median wages for infrastructure workers, at US$38,810 per year, were several thousand dollars higher than the national median for all workers.

Mrs Clinton's emphasis on jobs, and infrastructure in particular, is a move to woo working-class voters, who will be critical in the general election in November 2016.

Infrastructure spending is favoured by Democrats to spur job growth. US Senator Bernie Sanders of Vermont, who is Mrs Clinton's chief rival for their party's nomination, has suggested a US$1 trillion infrastructure plan.

In President Barack Obama's 2016 budget, he proposed US$478 billion for a six-year surface transportation proposal.

In Boston, Mrs Clinton noted the construction industry was hit hard during the financial recession and promised to rebuild "ladders of opportunity available to anybody who is willing to work hard" so workers can enter the middle class.