In Wednesday night’s presidential debate, Hillary Clinton offered a brisk survey of how she would grow the economy. She promised jobs in advanced manufacturing and clean energy, help for small businesses, and more apprenticeships and technical education. She touted her work on debt-free college with Bernie Sanders. She vowed to raise the minimum wage, ensure equal pay for equal work, and make the wealthy and corporations pay their fair share.
But the first piece of this Clinton agenda was “the biggest jobs program since World War II,” part of a $275 billion program to rebuild the country’s infrastructure. Clinton’s campaign fact sheet says it will be paid for through unspecified “business tax reform.” If that means anything like what Senator Chuck Schumer has been talking about this week—and there’s good reason to believe that it does—this “reform” would involve a giant tax cut for corporations on their overseas profits.
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