By Miriam Raftery
August 12, 2016 (Warren, Michigan) –Speaking at a Futuramic aerospace factory in Warren, Michigan on Thursday where a new rocket to Mars is being built, Democratic presidential nominee and former Secretary of State Hillary Clinton laid out a detailed plan to revitalize the American economy including a “manufacturing Renaissance” and policies aimed at helping working families, students, women, people of color, and themiddle class. She also sharply criticized Republican rival Donald Trump’s economic plan for benefitting primarily wealthy individuals such as himself on the backs of working families.
Clinton claimed that Trump “hasn’t offered any credible solutions for the real economic challenges we face.” A former senior advisor to former Republican presidential nominee John McCain estimated that Trump’s economic proposals “from cutting taxes for the wealthy and corporations, to starting a trade war with China,to deporting millions of hard-working immigrants” would result in loss of 3.4 million jobs while the same analyst projects Clinton’s plan would create over 10 million jobs, Clinton noted.
She also noted that Congressional gridlock has also blocked some reforms that she would work to push through to help the American people .
She urged voters to ask four questions: Which candidate has a real plan to create good paying jobs, which will restore fairness to our economy and ensure that those at the top pay their fair share of taxes, who will go to bat for working families, and who can bring people together to deliver results that will make a difference in people’s lives.
She then offered details on her own economic plans:
“Starting on day one, we will work with both parties to pass the biggest investment in new,good-paying jobs since World War II. We will put Americans to work building and modernizing our roads,our bridges, our tunnels, our railways,our ports and our airports.”
Her plan includes repairing schools and failing water systems in neglected communities such as Flint Michigan, as well as bringing broadband high-speed Internet to every household in the U.S. by 2020 and investing in a “cleaner, more resilient power grid.” She called for a New Markets Tax Credit to create jobs in places left out, such as rural communities, Native American reservations and coal country.
“We are builders and we need to get back to building,” Clinton said, praising America for having the”most dynamic, productive workforce in the world” as well as the most innovative businesses, top colleges and universities, best science and technology and capacity for clean energy production.
She said no matter her dreams have taken her, ”I have always remembered, I’m the daughter of as mall business owner and the granddaughter of a factory worker—and proud of both.”
She laid out plans for “unleashing the power of the private sector to create more jobs at higher pay” including an infrastructure bank and investment in “Make it in America” partnerships to support U.S.manufacturing and scientific research “that can create entire new industries.”
She proposed a tax credit to encourage companies to share profits with workers and called for a more
“patriotic tax code” that puts American jobs first. Under her plan,if a corporation wants to move overseas it would have to pay an ”exit tax.”
Echoing Bernie Sanders, she called for Wall Street, corporations and the super-rich to pay their share. She slammed Trump for seeking to roll back reforms on Wall Street and called for strengthening those rules to protect Main Street. She also faulted Trump’s call to abolish the Consumer Financial Protection Bureau which has returned $11 billion to 25 million Americans ripped off by corporations.
She urged voters not to believe the “myth”that Trump is on the “side of the little guy” adding,”Not when he pledges to rip up basic rules that hold corporations accountable, when he wants to scrap regulations that stop polluters from poisoning the air our children breathe and the water we drink, let insurance companies write their own rules again.”
Clinton said Trump’s tax plan to cut taxes on big corporations, the wealthy and Wall Street would “explode our national debt” and force cuts in programs such as education, healthcare and environmental protection.
She also derided the”Trump loophole” that would giveTrump a “lower tax rate than millions of middle class families”and let Trump pay less than half the current tax rate on many of his companies. She also faulted his plan to eliminate the estate tax, which could save Trump $4 billion while 99.8 percent of Americans would not benefit. Clinton said that that money would be better spent on helping veterans, children’s healthcare, or helping local law enforcement.
She slammed Trump for “stiffing small businesses from Atlantic City to Las Vegas,” recalling how important it was for her father, a printer who made drapery fabrics, to be paid promptly for his work. Clinton pledged to cut red tape and simplify tax filings for small businesses.
She said she will “fight to make college tuition free for the middle class and debt-free for everyone,” also providing relief for those who already owe student loans “so you don’t have to pay more than you can afford. It’s just not right that Donald Trump can ignore his debts,but students and families can’t refinance their debt.”
She called for policies to support more union training programs and tax credits for businesses to hire paid apprentices.
On trade deals, she noted, “too many companies lobbied for trade deals so they could sell products abroad, but then they instead moved abroad and sold back into the United States.” She promised to “stop any trade deal that kills jobs or holds down wages—including theTrans-Pacific Partnership (TPP).
Clinton also revealed plans to beef up enforcement by appointing a Chief Trade Prosecutor and tripling enforcement officers.
She noted that Trump’s companies make products in China and Mexico. She challenged Trump’s claim that he can’t afford to make suits or ties in the U.S., revealing a website –hillaryclinton.com/make-it-here –listing 100 places in the U.S. already producing similar goods.
Her plan would “protect and expand” Social Security” and fight for equal pay for women, paid family leave, affordable childcare and raising the federal minimum wage. She that Detroit’s early automakers understood that by paying their workers far more than other companies, workers could afford to buy their cars.
She would create for the first time a public option for healthcare that would establish in each state,”a choice of a public option health insurance plan that will help everybody afford coverage. It will strengthen competion and drive down costs.
She urged voters to look at who benefits from her economic plan versus Trump’s, “and you can then draw your own conclusion about values.”