tv Hillary Clinton Lays Out Economic Vision CSPAN August 12, 2016 6:16am-7:01am EDT
building rockets. that does not happen in third world countries. [applause] we have a lot of urgent and important work to do and that is what i will talk about today. all the people i have met throughout this campaign really prove how wrong this negative, pessimistic view is. america's best days are still ahead of us, if we make up our minds to go out and make that happen. [applause] just consider our assets. we have the most dynamic, productive workforce in the world, bar none. [applause] we have the most innovative
businesses, top colleges, universities, community colleges, training programs in the world, and the best science and technology. we have enormous capacity for clean energy production to we are resilient, determined, hard-working. there is nothing america cannot do if we do it together. i know this because this is how i was raised. i do not think mr. trump understands any of it. he has not offered credible solutions to the very real economic challenges we face. those challenges emerged long before the great recession and they have persisted through our recovery. there is too much inequality, too little upward mobility. it is just too hard to get ahead today. but there are common sense things your government could do
that would give americans more opportunities to succeed. we don't do it because powerful special interests and the tendency to put ideology ahead of political progress have led to gridlock in congress. how can you not be frustrated and angry when you see nothing getting done? a lot of people feel know what is on their side and no one has their back. that is not how it is supposed to be in america. if i am fortunate enough to be your president, i have your back every single day. [applause] i my mission in the white house will be to make the economy work for everyone and not just those at the top.
this is personal for me. i am the product of the american middle-class. i was born in chicago, raised in the suburb. but my grandfather worked at the scranton mill in scranton, pennsylvania. my dad will be a will to go to college and eventually small business, and send me out into the world to follow my own dreams. i have always remembered the daughter of a small business owner and the granddaughter of a factory owner and proud of both. [applause] whether we will be able to do
that bargain on even better terms for the 21st century, it depends in large measure on the outcome of this election. here are four questions i hope the american people will ask of both candidates. the answers should help make your choice in november crystal clear which candidate has a real plan to create good paying jobs? second, who will ensure that those at the top pay their fair share of taxes. [applause]
third, who will really go to bat for families, and fourth, who will really go together and deliver results that make a difference in your lives? [cheers and applause] now i hope that after giving a fair hearing to both sides, you will join the millions of people across the country supporting this campaign, not just democrats but a growing number of republicans and independents as well. when it comes to creating jobs, i would argue it's not even close. the even conservative experts say trump's's agenda will pull our economy back into a recession. analysis by former economic adviser by senator john mccain, you add up all of the ideas from cutting taxes to starting a
trade war with china to deporting millions of hard-working millions, the result would be a loss of 3.4 million jobs. [booing] by contrast, the same analyst found that our plan, the economy would create more than 10 million new jobs. [applause] let me tell you how we would do that. i believe every american willing to work hard should be able to find a job and decent pay back and support the family. starting on day one, we will work with both parties to pass the biggest investment in new,
good paying jobs, since world war ii. [applause] we will put americans to work, building and modernizing our roads, bridges, tunnels, railways, airports. [applause] we are way overdue for this. we are living off of the investments made by our parents and grandparents generation. we also help cities like detroit and flint connect underserved neighborhoods to opportunity expanding affordable housing and we will prepare schools and failing water systems as well. [cheers and applause] i happen to think we should be ambitious. while we're at it, we should push every household in america to broadband by the year 2020.
[cheers and applause] it is astonishing to me how many places in america, not way far away from cities, but in cities, and near cities, that do not have access to broadband. that disadvantages kids who are asked to do homework using the internet, 5 million of them live at homes without access to the internet. you talk about the achievement gap, it starts right there. let's build a cleaner and more resilient power grid with enough renewable energy to power every home in our country as well. [applause] some country is going to be the clean energy superpower of the 21st century and create millions of jobs and businesses.
it will probably be china, germany, and america. i would want it to be us. we should make it and use it and exported. -- export it. here is something you do not always hear enough of from democrats. of the heart of our plan will be unleashing the power of the private sector to make more jobs at a higher pay. that means, for us, creating an infrastructure bank to get private funds off the sidelines and complement our private investments. dollars in government funding 25 billion could unlock more than $250 billion and really get our country moving on our
infrastructure plan, and $10 billion in what we call make it in america partnership to support american manufacturing and recommit research to create entire new jobs. when i was talking to workers along the way and asking them were some of the precision machinery came from that is being used here, it is what i hear all over the country. germany, japan, italy. i want to bring that decision manufacturing back to the united states. there is no reason we cannot
begin to make those machines ourselves and supply the rest of the world instead of buying from somewhere else. let's also expand incentives like the new market tax that is that can bring businesses, government, and communities together to create good jobs and places that will be left out and left behind. from neglected neighborhoods to logging country, coal country, native american communities, rural areas, ravaged by addiction and lost jobs, to a region how about when -- hallowed out when factories close. as president, i will also make a major push to empower small businesses and entrepreneurs. [applause] with new national initiatives to cut red tape at every level and asked and access to credit, especially through community banks and credit unions. i will propose a new plan to dramatically simplify tax filing for small businesses. [applause]
right now, the smallest businesses, the kind my dad had, a really small business, spent 20 times more per employee to prepare their taxes compared to larger companies. it should be as easy as printing out a bank statement. let's free entrepreneurs to do what they do best. innovate, grow, and higher. [applause] as mark said this company started because of a drive down the road, thinking about it and talk about it, one of the oldsmobiles and deciding not only do i have an idea, i have the main. it,merica, if you can dream
you should be able to build it. we will get back to doing that. [cheers and applause] now donald trump has a different view. he has made a career out of stiffing small businesses, from atlantic city to las vegas. there are companies that were left hanging because he refused to pay their bills. a lot of those companies scraped together what they could to pay their employees, and many of them put their businesses at risk and some of them ended up taking bankruptcies. it was not because trump could not pay them. it is because he would not pay them. that is why i take it personally. my dad ran a printing plant. he had two really long tables. he printed for draperies. he would lay out the fabric and then would take a silkscreen and he would go down the table and put it down, take the squeegee, go across the screen, lifted up,
go down, all the way at the end and then dart at the other table. he worked hard. then, when he finished he would , load up the fabric, put it in his car, and take it to the business that had ordered it. maybe a restaurant or a hotel or some office. labor the work and the he often hired to help him on big jobs. paid.ected them to be i can't imagine what would have happened to my father and his if he had gotten a contract from trump. [laughter] and showing up and submitting we're l, had been told not going to pay.
i've met small business that is provided pianos, glass or marble. denied payment and after going back time and gain, being told well, maybe we'll pay you 30 cents on the dollar or 50 cents on the we do that's not how business in america. more goodot to create jobs that are going to help more our modern xample, service economy is empowering and mers with more choices do ter flexibility, but we have to empower the workers in our service sector, too. the people taking care of our parents, they r deserve a good wage and good benefits and a secure
retirement. [applause] it's crucial that every american have access to the education and skills they need get the jobs for the future, so we will fight to make college tuition free for the middle lass and debt-free for everyone. [cheering and applause] will also liberate millions of people who already have it easierbt by making to refinance and repay what you your income ion of so you don't have to pay more than you can afford. it is just not right that donald debts but gnore his students and families can't debts.nce their [applause] and here's something else that i emphasize, to because i don't think anybody in america is talking about this that is a four-year
the only uld not be path to a good job in america. [cheering and applause] to learn a e able skill, practice a trade, make a good living doing it. have the ericans talent and the will to succeed, hether they're kids right out of high school or older people displaced by automation and outsourcing. and for too long, big promises bout the power of training and retraining, haven't delivered like they should. anybody to be that doesn't job exist. so here's what we're going to do. we will support high-quality union training programs. we will propose -- [cheering and applause] will propose new tax credits
to encourage more companies to apprenticeships that lets you earn while you learn. [applause] we will do more, including a dignify campaign to skills training across the board. got to reverse what has become a kind of, you view, which isce everybody needs to go to college. of , in fact more than half the jobs that are going to be available to 2020 do not require a college four-year degree. machinists ers and and tool and dime makers and ers h technicians and code and so many others, let's get the word out, there are really people right now, and there will be more in the skills in ou get the high school, at community orlege, in an apprenticeship
in other training programs. [cheering and applause] and i want to acknowledge the great role that the community county here in mccomb has played in working with to make like this one sure people do have the skills. i imagine some of you might be well, that all sounds good, but what about trade? after all, trump talks about it all the time. with this. start it is true that too often past trade deals have been sold to with rosy n people scenarios that did not pan out. those promises now ring hollow in many communities across and our country, that have seen factories close and disappear. too many companies lobbied for rade deals so they could sell
products abroad. instead moved abroad and sold back into the states. it is also true that china and other countries have are gamed too long. for enforcement, particularly during has ush administration, been too lax. investments at home that would make us more competitive have completely blocked in congress. nd american work ers and communities have paid the price. but the answer is not to rant rave or cut ourselves off from the world. that would end up killing even more jobs. answer is to finally make rade work for us, not against us. so my message -- [applause] my message to every worker in is igan and across america this: i will stop any trade deal holds down obs or
wages, including the transpacific partnership. [cheering and applause] i oppose it now. i will oppose it after the election. i'll oppose it as president. as a senator from new york, i to defend new york manufacturers and steel makers chinese trading ractices, and i opposed the only multilateral trade deal that came before the senate hile i was there, because it didn't meet my high bar. and as secretary of state, i fought hard for american to get a fair shot around the world and to stop trading practices like currency manipulation and the theft of intellectual property. so as president, i will stand up o china and anyone else who tries to take advantage of companies.ork ers and
[cheering and applause] and i'm going to ramp up appointing for the first time a chief trade prosecutor. the number of enforcement officers. nd when countries break the rules, we won't hesitate to tariffs.argeted [cheering and applause] talk a big mp may game on trade, but his approach not strength.ar, compete with an't the rest of the world, even when the rules are fair. fear that our country has no but to hide behind walls. if team usa was as fearful as phelps and simone
cowering in the locker room afraid to come out and compete. . [applause] nstead, they're winning gold medals. america isn't atrade -- afraid compete. right now, thousands of michigan companies are exporting billions products around the world. we want them to sell even more and create even more jobs here at home. but corporations should not operations itable here in the united states to give broad, just to shareholders a quicker return. ceos a bigger bonus, and unions play.ker hand to now, before he tweets -- [laughter]
-- about how he's really the one who will put america first in trade, let's remember where of his own many products, because it sure is not america. cheering and applause] he'd make trump ties in china and trump suits in mexico michigan.f he keeps saying it's impossible to make these things in america anymore and that's just wrong. a web site.d clinton.com/makeithere. [cheering and applause] twe list 100 places across the united states that are similar goods. iing one positive thing trump could america great again is actually make great things in again. [applause]
at the second question. which candidate will fight for fairness? and this is an urgent need. to grow the economy, and we need to make it fairer. rising fast ot enough and it is certainly not lifting. the crash, too many of the gains have gone to the top one percent. rules and incentives in our systems reward corporations for stock prices term above long-term investments in and workers, equipment research, while corporate profits are at near record most pay checks for people have barely budged. ncomes aren't growing fast enough to keep up with the cost of living like prescription drugs and child care. i believe that every employee rom the ceo suite to the factory floor contributes to a business's success. so everybody should share in the
rewards. [applause] putting in long hours for little pay. tax m proposing a new credit to encourage more companies to share profits with workers. and more broadly, we will fight progressive, more patriotic tax code, that puts jobs first. ight now, when a corporation outsources jobs in production, it can write off the cost. stop that and we must make them pay back any tax break ever received from any level of government in our country. [cheering and applause] for those that move their headquarters overseas to avoid fair share of taxes, they're going to have to pay a new exit tax. go, they're nt to
going to have to pay to go. [cheering and applause] and wall street corporations and finally rich should pay their fair share of taxes. that's why i support the buffet rule, because multimillionaires should not be to pay a lower tax rate secretaries. [applause] new tax on so add a multimillionaires, crack down on corporations, and close the carried interest loophole, something i have advocated for years. trumps says.what now, there is a myth out there that he will stick it to the and powerful because somehow, he's really on the side little guys. don't believe it. not when he pledges to rip up
hold rules that corporations accountable, when regulations crap that stop polluters from poisoning the air our children we drink, the water let insurance companies write their own rules again. trump would roll back the tough imposed on we have the financial industry. i'll do the opposite. i think we should strengthen those rules so wall street can street again.in [cheering and applause] abolish the nts to consumer protection bureau, a already y that has returned more than $11 billion million americans who were taken advantage of by corporations. that? ld you get rid of
and then there is trump's tax plan. he would give trillions in tax cuts to big corporations, and wall street money managers. that would explode our national ebt and eventually lead to massive cuts in priorities like ducation, healthcare, and environmental protection. in his speech on monday, he loophole.r a new tax let's call it the trump loophole. would allow him to pay less than half the current rate on income from many of companies. he paid a lower rate than middle class families. one nonparse san expert at the center describes this plan as, and i quote, a really donald trump. of course, it's hard to say how nice because he refuses to do other presidential
candidate in decades has done returns.ase his tax [cheering and applause] 400 e do know that the richest taxpayers in america get an average of tax cut of $14 million a year from the trump loop hole. and then there's the estate tax, which trump wants to eliminate altogether. that he's aselieve wealthy as he says, that alone save the trump family $4 billion. ofwould do nothing for 99.8% americans. so they'd get a $4 billion tax 99.8% of americans would get nothing. do think of what we could with those $4 billion. we could pay for more than a 000 veterans to get
four-year college degree. we could provide a year's worth healthcare to nearly 3 million kids. or we could fund a year's worth federal assistance to state and local law enforcement. i think there are a lot of ways to spend the money. on monday, i'm going to be in pennsylvania with vice president biden, and he has a saying: don't tell me what you value; show me your budget, and value. tell you what you well -- [applause] donald trump wants to give tax himself.o people like i want to invest it in our veterans, our kids, our police officers, and so much more, and then draw your own conclusion about values. of us 's true that both have proposed to cut taxes for families.ss he's making a big promise. ut his advisors have said -- his own advisors have
said he may not stand by them. the tax cuts he doubled down on in his speech in detroit offer trillions to the and st americans corporations. and one of the differences is een donald trump and me i'm telling you what i will do. i'm laying out my plans. them and stand by want you to hold me accountable results.ering [cheering and applause] this reminds me of that old saying, if it sounds too good to be true, it probably is. that brings us to the third candidate can you actually count on to go to at for work ers and working families? it's not enough to paying lip side.e to being on your we have to recognize how americans actually live and work then 21st century and
offer real solutions that make your lives easier. now the hat women are sole or primary breadwinner in a growing number of families. we know more americans are cobbling together part-time work their own. out on so we have to make it easier to good parents, , and good care givers all at the same time. hat's why i've set out a bold vision to make quality affordable child care available and limit the s income. 10% of family [cheering and applause] trump offered his first real ideas on this topic, ecause previously, he had dismissed concerns about child care. he said it was, quote, not an because you just need some blocks and some swings. he wants to exclude child care payments from taxation. panned from the
left, the right, the center, because it transparentally is for rich people like him. would give wealthy families 30 or 40 cents on the dollar for and little or nothing for millions of hard-working families trying to child care so that they can get to work and keep the jobs. [cheering and applause] think instead, we should expand the child tax credit to provide real relief to tens of working families struggling with the cost of raising children. families that his plan ignores. and that's just a start, because he more we do to help working families, the more our entire economy will benefit. for example, guaranteeing equal pay won't just increase pay checks for women. it will boost family budgets and get incomes rising across the
board. [applause] and i don't understand why trump's against that. makefamily leave will only life easier for moms and dads, it will also keep skilled talented americans in the work force and grow our economy. that's why every other advanced country already has it. it.n, he's against raising the federal minimum wage won't just put more money in the families. low-income it also means they will spend more at the businesses in their neighborhoods. [applause] this is something that even the makers understood way back at the beginning of the decided ury, when they to pay the unbelievable sum of workers.to auto and when they were criticized by other businesses, how can you that much? they had the best answer.
we want people to be able to buy cars. this is economics 101. and wages get incomes rising, and it will help the whole economy grow and be fairer. [applause] nd protecting and expanding social security doesn't just help older americans retire with dignity. helps to ease burdens on families and communities. same also believe the thing about comprehensive immigration reform. millions of ve people working in the economy $12 billion a year to social security, even though undocumented. so by moving toward reform, we unleash a lot of new income and growth and we will level the field so that american workers can't be taken advantage workers e undocumented
can be exploited by employers, reasons we of the have this disconnect. and strengthening unions doesn't just serve members, it benefitsbetter pay and and working conditions for all employees. cheering and applause] i've also said i will defend and approve the affordable care act. and for me, that includes giving americans in every state the a public option health help nce plan that will everybody afford coverage. it will strengthen competition costs.ve down now, these are all causes i've and i on for decades believe they point to a fundamental truth about our economy. a zero sum when you are competing for a job, a contract if a
someone wins and someone loses, but that is not the full picture. back, you'll see we are all in this together. if we can grow together, we can all rise together. because you know what i like to say, we are stronger together why the fourth question -- [cheering and applause] -- the fourth question is key and it's this: who can bring of le together to get any this done? right? i can. believe because i think i can provide find leadership that can common ground and build on it respectful d but bargaining with the other side. eadership that rises above personal attacks and name it.ling, not revels in [applause] i just don't think insults and is how we're going to get things done. that's n't think that
the appropriate approach for us. i know it's hard to imagine, but a time when democrats and republicans actually worked together. i know that's true. first lady, senator and secretary of state. the how we created children's health insurance program which covers 8 million kids. [applause] it's how we rebuilt new york and how we passed a treaty reducing the threat from weapons.nuclear so i am convinced, based on my experience, that we can do this. reasons i asked senator tim kaine to be my running mate is that he also has working across the aisle to get things done as a mayor, a governor, and a senator. so we're going to make full use of the white house's power to convene. we're going to get everyone at table, not just republicans and democrats, but businesses unions, academics,
expertin exper importantly, ost americans like all of you. cheering and applause] i think there are a lot of great ideas out in america, and i want to have a say in your government, and that means we've got to get all the money out of politics, overturn citizens and expand voting rights, not restrict them. [cheering and applause] i intend starting even before election to bring together leaders from across our economy, from a lot of different places to talk about jobs and ompetitiveness and i hope mark and john can join me, because we need the best ideas that are out difference. a we need to pull together. the bottom line is this: i'm for president to build an economy that works for everyone, not just those at the
top. [cheering and applause] and based on what we know from the trump campaign, he wants work for him and his friends at the expense of else.ne he's offered no credible plans to address what working families are up against today. nothing on student loans or the drugs. prescription nothing for farmers or struggling rural communities. new future uild a with clean energy and advanced agriculture. nothing for communities of color cities to overcome the barriers of systemic racism. to create new opportunities for young people. just a more extreme version of failed theory of trickle-down economics with his of outlandish rumpian ideas that even republicans reject. [cheering and applause]
at his e heard him say convention, he may believe that he alone can fix our country, doesn't know the people of michigan. he doesn't see the businesses nd the labor unions, the local governments, the clergy coming together every single day to better.ngs so yes, there is still a long on ahead, but michigan is the rise, and everyone is contributing. that's america at its best. you will stay active and engaged and working together jobs and to strengthen your own communities, and i hope get out to vote in november, because if we -- [cheering and applause] are able to win, then i want you all to work with me to progress that of america deserves to see! we're going to do this together!
we are stronger together! let's go out and build the future! thank you all! bless you! [cheering and applause] ♪ t ♪ on c-span, "washington journal" is next, live with your phone calls, tweets and facebook comments. tonight, our interview with libertarian presidential gary johnson on newsmakers. minutes, we'll talk to morality rber, about in american politics, eli dourado discusses the security
of america's voting systems. reporter erg news zachary tracer on how health insurance providers are fairing the affordable care act. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. . sit ncicap.org] host: good morning, everyone, on this friday, august 12, two days after donald trump laid out his economic vision for this country hillary clinton also did the same yesterday in saying she e state too would reject the trade deal jobs and increased wages for americans. we wanted to get your thoughts on what hillary clinton had to about her economic vision. under $50,000, 202-748-8000. you make between $50-100,000 a year, 202-748-8001. you make over 100k,