Secretary Clinton’s Proposals are Mostly Paid For

Democratic presidential candidate and former Secretary of State Hillary Clinton has proposed numerous new spending & tax cut policies that are largely offset by her proposals to raise taxes on the wealthy and cutting other spending, according to a new analysis posted as part of our Fiscal FactCheck project.

Read the full analysis on our Fiscal FactCheck website.

Using independent estimates from the Congressional Budget Office (CBO), the non-partisan Tax Policy Center (TPC), and elsewhere, we estimate that Secretary Clinton’s proposals would cost $1.8 trillion over a decade with interest, and they would be nearly fully paid for with $1.6 trillion of offsets – primarily from taxes on high earners. The $200 billion shortfall from Secretary Clinton’s proposals can be fully explained and would be more than fully covered by the $275 billion of corporate tax revenue that the Clinton campaign has called for but has not yet provided enough detail for us to credit.

Though Secretary Clinton’s policies would not substantially add to current law debt levels, it would keep debt at post-war record-high and rapidly growing levels. Under Secretary Clinton’s proposals, debt held by the public would climb from 74 percent of Gross Domestic Product (GDP) at the end of last year to 86 percent of GDP by 2026.

Read the full analysis on our Fiscal FactCheck website.

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