And the actual cost of Joe Biden’s American Jobs Plan is…

Posted on 2 years ago by Red Paper News

Per the NY Post Editorial Board, a former treasury official and budget expert has looked at the numbers on Biden’s American Jobs Plan and it’s not at all what Biden is claiming:

President Biden is using accounting gimmicks to make his proposed spending “look smaller” and tax revenue “larger,” cautions ex-Treasury official Bruce Thompson at the Washington Examiner. The actual cost of his American Jobs Plan over 10 years is “at least $3.5 trillion,” not the advertised $2 trillion; its revenue, after tax hikes, $1.7 trillion. So “only about half” the spending is paid for. In all, “the real projected cost of the three Biden spending plans is at least $7.2 trillion” over 10 years, less than half covered by tax hikes. And that doesn’t include interest on the higher deficits, likely “hundreds of billions” more.

Actually it’s worse than what this former treasury official has calculated. Biden just deployed another gimmick, saying today that anyone making under 400k a year won’t pay a single penny in taxes:

TRENDING : Trump Vindicated! Ruling Against Michigan Secretary Of State Creates Chaos For Whitmer

How that’s a tax plan I can get behind! BIDEN 2024!

Ok ok I know, it was just another Joementia blunder.

RELATED ARTICLES
Late GOP Rep Jackie Walorski’s Brother Responds To Joe Biden: “I Feel Sorry For Him Not Gonna Hold It Against Him”
2 months ago
Kid Rock Tells MSNBC To Pound Sand, Calls New Prime Minister Of Italy “My New Hero”
2 months ago
Sharon Osbourne Fires Back At Media: “I Wouldn’t Trust CBS As Far As I Could Throw Them I Don’t Regret It At All”
2 months ago
Lauren Boebert Puts Nancy Pelosi On Notice After Speaker Got Booed In NYC: “November 8th You’ll Be Booed Out Of The Majority”
2 months ago
Nancy Pelosi Gets Booed In New York City At Global Citizen Music Festival
2 months ago
After New York AG Sues Trump, Donald Goes Scorched Earth – He Accuses Her of Failing to Protect Her Own State
2 months ago

284 COMMENTS

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News
Late GOP Rep Jackie Walorski’s Brother Responds To Joe Biden: “I Feel Sorry For Him Not Gonna Hold It Against Him”
2 months ago
Kid Rock Tells MSNBC To Pound Sand, Calls New Prime Minister Of Italy “My New Hero”
2 months ago
Sharon Osbourne Fires Back At Media: “I Wouldn’t Trust CBS As Far As I Could Throw Them I Don’t Regret It At All”
2 months ago
Lauren Boebert Puts Nancy Pelosi On Notice After Speaker Got Booed In NYC: “November 8th You’ll Be Booed Out Of The Majority”
2 months ago
Nancy Pelosi Gets Booed In New York City At Global Citizen Music Festival
2 months ago
After New York AG Sues Trump, Donald Goes Scorched Earth – He Accuses Her of Failing to Protect Her Own State
2 months ago
GOP Rep Thomas Massie Puts John Kerry On Notice
2 months ago
Kayleigh McEnany Beats Every Show On CNN And MSNBC As ‘Outnumbered’ Cracks Top 20
2 months ago