Biden Set to Create Disastrous Loop with New $1.8 Trillion Spending Plan

Biden Set to Create Disastrous Loop with New $1.8 Trillion Spending Plan


Three and a half months into his administration, Joe Biden — the man who ran on promises of a moderate presidency — has proposed $6 trillion in spending.

The president’s latest spending package, dubbed the “American Families Plan,” tips the scales at $1.8 trillion dollars. It comes on the heels of two other proposals from the Biden administration that each cost well over $1 trillion.

The American Rescue Plan, which was sold as a coronavirus relief bill, was passed in March and cost the country $1.9 trillion.

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After that, Biden proposed the American Jobs Plan, which costs a whopping $2.3 trillion. Masquerading as an infrastructure bill, the plan actually pushes Democratic priorities like “green” energy, according to The New York Times.

To fund the bill, Biden has proposed raising the corporate tax rate from 21 percent to 28 percent and making multinational corporations pay “significantly more” in taxes, The Times reported.

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