April 01, 2021
Biden's Build Back by Borrowing & Taxing Plan
“Repairing roads, bridges, and highways is more the talking point than the actual point of the President’s plan.” – House Budget Committee Republican Leader Jason Smith$2 trillion on “infrastructure”…not so much:
- Less than 6 percent ($115 billion) for roads and bridges
- 43 percent more is spent on mass transit and rail ($165 billion) than for roads and bridges
- Less than 2 percent ($42 billion) for waterways, locks, dams, ports, and airports
- Less than 5 percent ($100 billion) for broadband
- 74 percent more is spent on subsidies for electric vehicles ($174 billion) than for broadband.
- Meanwhile, most of the bill consists of non-infrastructure provisions such as:
- $400 billion for expansion of Medicaid
- $213 billion for housing and to increase federal control of local housing markets
- $100 billion of additional funding for schools without requiring them to reopen
- $50 billion for a new office at the U.S. Department of Commerce
- $35 billion for climate science, innovation, and R&D
- $10 billion for a new “Civilian Climate Corps”
- Overturns right-to-work laws in 27 states
- White House fact sheet says “climate” 20 times; says “Highway Trust Fund” ZERO times
- Spends billions of tax dollars on job training for Americans who lost their jobs as a result of Biden’s Executive Orders
- $2.3 trillion cost = FOUR TIMES the cost of building the national interstate highway system
- Yet another $2 trillion: The Biden Administration is planning to release another spending package soon that will reportedly be of equal size in spending.
- Combined, that $4 trillion would be in dollars the largest spending increase in American history.
- If Washington Democrats get their way, Congress will have enacted almost $10 trillion in spending in a single year – more than the total combined wages paid to all American workers each year.