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Hillary Clinton to Propose $10B Manufacturing Investment


FILE - An assembly worker works on Ford Mustang vehicles on the production line at the Ford Motor Flat Rock Assembly Plant in Flat Rock, Michigan, Aug. 20, 2015.
FILE - An assembly worker works on Ford Mustang vehicles on the production line at the Ford Motor Flat Rock Assembly Plant in Flat Rock, Michigan, Aug. 20, 2015.

U.S. Democratic presidential candidate Hillary Clinton on Friday will propose a $10 billion investment in partnerships to encourage the growth of the U.S. manufacturing sector as part of a national push to discourage outsourcing in the industry.

The proposal would work with a broader campaign to encourage companies to build and expand their U.S. manufacturing operations.

Clinton is slated to roll out the proposal on Friday in Syracuse, New York, ahead of the state's nominating contest on April 19.

New York has long been a hub of the manufacturing industry, but suffered significant declines in the sector in recent years.

From 2000-2008, upstate New York alone lost nearly 105,000 manufacturing jobs, according to the state government.

Clinton maintains a lead in the state, which she represented in the U.S. Senate, over rival Bernie Sanders, a U.S. Senator from Vermont and a New York native.

Sanders was born and raised in New York City's borough of Brooklyn. The Clinton campaign is headquartered there.

The campaign said the proposal's multi-billion dollar price tag would largely be covered by Clinton's proposed "clawback" tax, which would rescind tax relief for companies that outsource jobs or facilities abroad.

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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