New Analysis Shows Biden’s Tax Hikes and Out of Control Spending Will Stifle Economic Opportunity
After getting caught peddling lies about the number of jobs their “infrastructure bill” would create, the Biden Administration is now facing an analysis from Penn Wharton’s Budget Model revealing how their so-called American Jobs Plan (AJP) would actually stifle U.S. economic growth and kill American jobs.
According to the Budget Model, the Biden Administration’s out of control spending would balloon the deficit, which ultimately “outweighs productivity boosts from the new public investments.” And the administration’s tax hikes would “discourage business investment” in American jobs and American workers.
The bottom line?
“Considered together, the tax and spending provisions of the AJP would increase government debt by 1.7 percent by 2031…The AJP ends up decreasing GDP by 0.8 percent in 2050.”
When will radical Democrats realize that job-killing tax hikes and out of control spending are disastrous for American workers and job creators?