When asked specifically about her tax policy and how she plans to pay for proposed infrastructure "investment," Clinton admitted her plan to pay for campaign proposals will require a $1 trillion tax hike over the next ten years.
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Daily News: So on taxes, that I did call for among other things, a surcharge on incomes over $5 million, 30% minimum, the Buffett rule, over a million...
Clinton: Over a million. Yeah, right.
Daily News: ...and then to carried interests, a change in capital gains that would reward people for holding for six years or more, I believe it is. How much revenue do you foresee coming off that and what will be the impact on growth?
Clinton: Well, I have connected up my proposals for the kind of investments I want to make with the taxes that I think have to be raised. So on individual pieces of my agenda, I try to demonstrate clearly that I have a way for paying for paid family leave, for example, for debt-free tuition. So I would spend about $100 billion a year. And I think it's affordable, and I think it's a smart way to make investments, to go back to our economic discussion, that will contribute to growing the economy.
Now I'm well aware that this is a heavy lift. I understand that. But I think connecting what I'm asking for to the programs, to the outcomes and results that I'm calling for give me a stronger hand, and that's how I'm going to go at it.
Daily News: So if I understand you correctly, if you look at your proposals for college costs and for family leave, for infrastructure investments...
Clinton: Well, that's a little bit different, because infrastructure investment, I'm still looking at how we fund the National Infrastructure Bank. It may be repatriation. That's one theory, or something else. It's about $100 billion a year.
Daily News: A hundred billion a year, so that comes out to about a trillion dollars...
Clinton: Over ten.
Daily News: ...over ten years.
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This is the latest, expensive tax hike proposal from Clinton, who has a laundry list of tax hike proposals in her presidential campaign record on everything from the Second Amendment to middle class families.
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