October 4, 2021 | Rapid Response | RNC Communications
Economy

Hidden taxes, Wasteful spending

Rapid Response

Joe Biden and the Democrats’ agenda is so bad, they can’t even agree on a schedule, let alone policy.

Wasteful SpendingDemocrats are bizarrely claiming $3.5 trillion costs zero dollars because they’re raising YOUR taxes to pay for it.

Turns out – it’s not even paid for. One estimate places the total cost of the bill at up to $5.5 trillion, $2 trillion more than the current topline number. According to the Manhattan Institute’s Brian Riedl, most of the Democrats’ spending will be “paid for” with borrowed money.

And what are they spending all this money on? “Tree equity, “bias training,” and socialist schemes that will blow up the federal deficit for decades.

Hidden TaxesAfghanistan proved that Biden is a liar. His “plan” debunks another one of his promises, to not raise taxes on Americans making less than $400,000.

The Joint Committee on Taxation found that families making as little as $50,000 a year will pay more, and inflation fueled by massive spending is already lowering real wages.  Even liberal economists are warning “the inflation risk is real”!

Biden wants to take money from working class families in the form of taxes and rising prices and essentially light it on fire with his reckless, wasteful spending. When will Democrats learn? Socialist schemes don’t work – they only make EVERYONE poorer. Everyone, that is, expect the swamp in Washington, D.C.