Bill Clinton: “We can offer them tax credits, and we can offer them loan guarantees. And we can offer them modest expenditures of…”

“We can offer them tax credits, and we can offer them loan guarantees. And we can offer them modest expenditures of public funds to support these kinds of investments. They will make a big difference. For example, if--let's just take a poor neighborhood in Houston or San Antonio or even here in Hartford, where there's a very large Hispanic population. Let's suppose that we wanted to have a $150 million investment. Under this proposal, if my bills were to become law, they could put $50 million in equity, and they would get a 25 percent tax credit. They could borrow $100 million and have it under a Federal loan guarantee, which would dramatically lower the interest rate. So you would say, okay, you're taking a little bit of a risk investing in a poor area, but we will cut the risk way, way down. Plight of Hispanic-Americans Ms. Salazar. Beautiful. There are 30 million Hispanics in the United States and counting. Yet a disproportionate number live in poverty, do not have health care, and can't get a job. Why has the American dream eluded them?”