Joe Biden’s New Tax Plan sounds All the Alarms

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Last week, President Joe Biden flew out to Ohio to speak about the Democrats’ $2.25 trillion infrastructure bill.

Despite transportation being a huge part of a country’s infrastructure, the budget planned for roads, bridges, and airports is only set at about $157 billion. 

Plus, Biden’s infrastructure bill also pushed the U.S. corporate tax above communist China’s corporate tax rate.

Despite that, Biden claimed that his plan “would put us in a position to win the global competition with China.”

“Today, I’m proposing a plan for the nation that rewards work, not just rewards wealth,” Biden began. “It builds a fairer economy that gives everybody a chance to succeed. It’s going to create the strongest, most resilient, innovative economy in the world.”

Biden continued with his speech, calling the plan a “once-in-a-generation investment in America” that is “unlike anything we’ve seen or done since we built the interstate highway system and the space race decades ago.”

“In fact, it’s the largest American jobs investment since World War II,” he added. “It will create millions of jobs—good-paying jobs. It will grow the economy, make us more competitive around the world, promote our national security interest, and put us in a position to win the global competition with China in the upcoming years.”

Calling it “big” and “bold,” Biden went on to say: “We can get it done. It has two parts — the American Jobs Plan and the American Families Plan. Both are essential to our economic future.”

Despite claiming that his plan will make the economy better, Joe Biden’s plan is more likely to crush the economy.

As former President Trump said, Biden’s plan is a “monstrosity” that would “be among the largest self-inflicted economic wounds in history.”



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