Friday 29 May 2015

Analysis suggests Clinton presidency would be costly for taxpayers

President Hillary Clinton could be bad news for American taxpayers, according to a new analysis of her attempts to spend taxpayer money as a Democratic New York senator from 2001 to 2009.

The analysis, out from the National Taxpayer Union Foundation, seeks to look beyond Clinton’s most recent government endeavors to better understand what her candidacy could mean for the nation’s fiscal future.

“Hillary Clinton’s campaign website has no policy items outlined yet, and her term as Secretary of State has been the focal point of scrutiny, but her past in the Senate offers the best insight into her fiscal priorities,” NTUF’s Douglas Kellogg wrote on the organization’s website.

The taxpayer watchdog found that Clinton attempted to spend an average of $226 billion annually as a lawmaker. Meanwhile, she sought just $254 million in average annual spending cuts.

“On average, for each dollar to reduce spending, Clinton proposed $892 in new spending in each Congress,” NTUF found.

In total, Clinton averaged 201 bills each year that would create significant spending increases compared to an average of just 3 bills that would cut spending.

“In the 107th Congress, Senator Clinton had no savings proposals on her legislative agenda,” the NTUF report noted. “The most she sponsored was five in the 109th Congress for a total reduction of $381 million.”

Here are some other findings from the NTUF report:

  • In each Congress, Senator Clinton proposed far more new spending increases than decreases. On average, she supported $226.4 billion in new spending each year and $254 million in savings, for a net average of $226.1 billion in annual spending increase.
  • With the exception of the 107thCongress, Senator Clinton tended to support a larger net agenda to increase spending than the average Democrat Senator.
  • The most expensive bill she backed was S. 448 (108th Congress), the Leave No Child Behind Act of 2003, an omnibus bill pertaining to federal programs for children, including increases in spending on education, health care, paid leave, and child care. Annualized cost of $105.4 billion.
  • Clinton also sponsored S. 280 (110th Congress), the Climate Stewardship and Innovation Act of 2007, to establish a cap and trade system. Annualized cost of $53.3 billion.
  • By far the largest savings proposal she supported was S 2260 (109th Congress), the Patients Before Profits Act of 2006, to repeal the Medicare Advantage Stabilization Fund. Annualized savings of $467 million.

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