The Swampiest Of Socialist Schemes

The Democrats want to live large on YOUR money with their reckless $3.5 trillion tax-and-spending spree.

Make no mistake, at a cost of $27,000 per household, every American is going to be paying for this swampy socialist scheme, a scheme that could cost $2 trillion more than advertised. The Democrats’ plan will likely raise the business tax rate to 28 percent, which would cost the U.S. economy $720 billion over ten years, kill 138,000 jobs, and cut workers’ wages.

And on higher prices, there’s a lot more to come if Biden gets his way. Even liberal economists are saying so.

• Former Obama economic adviser Larry Summers: “Inflationary pressures are mounting” under Biden’s far-left policies.
• Obama economic advisor Jason Furman: Rising inflation “bears some caution and should change the way people are thinking about the economy.”
• Former Moody’s Senior Director Marc Joffe: “If the reconciliation package does increase the deficit, the consequences could be quite negative.”
• Investor Stanely Druckenmiller: Excessive spending will “cause a financial crisis, is going to cause inflation, and nothing is going to hurt the poor more than that.”

The Democrats’ reckless tax-and-spending spree won’t help the economy, it will slow economic growth, raise taxes, and leave less money in Americans’ pockets.

For more, check out this piece from RNC Research.