Premium Only Content
Biden's Multi-Trillion-Dollar Infrastructure Bill The Devil is in the Details
Biden's Multi-Trillion-Dollar Infrastructure Bill The Devil is in the Details
Biden will unveil his multi-trillion-dollar infrastructure bill
President Biden is headed to Pittsburg, PA to unveil his glutenous multi-trillion-dollar infrastructure plan. Depending on your source, the price tag will be somewhere between $2-4 TRILLION and will be coupled with tax increases.
https://www.spreaker.com/user/9922149/bidens-multi-trillion-dollar
Back up: Our country does need infrastructure investment. You might remember President Trump wanted a more modest $1 trillion dollar infrastructure bill that Democrats never got on board with.
Larry Kudlow warns this bill is "going to be less about traditional infrastructure and a lot more about the Green New Deal and a massive, across-the-board, tax hike." [Kudlow was Trump's economic advisor.]
Here's where the money goes: [via CNBC]
$621 billion for transportation infrastructure
$300 billion into improving drinking-water infrastructure, expanding broadband access, and upgrading electric grids
$400 billion to care for elderly and disabled Americans
$300 billion for affordable housing, along with constructing and upgrading schools
$580 billion in American manufacturing, research and development, and job training efforts
The devil is in the details: At a glance, most of the spending above seems to make sense: transportation, electrical grid, 5G... Sounds good, right?. Until you dive deeper.
Buried in those brackets you're going to find the following:
Subsidizing "clean energy" investments
Climate change funding
Free community college
Expanded childcare payments from the government
Paid family leave from the government
Child tax credits
Healthcare subsidies
Free and reduced tuition at historically black colleges & universities
...a massive expansion of the welfare state in America coupled with an investment in "social infrastructure" investments.
To pay for this, Biden wants to raise taxes:
The corporate tax rate will be raised from 21% to 28%.
Remember: Trump lowered the corporate tax rate from 35% to 21%. This led to manufacturing coming back to the U.S. for the first time in decades and led to 2019 being the best economic year in the U.S. in decades.
Raising taxes on Americans.
Households making $400,000/year will see their tax rate jump to almost 40%.
Republicans in Congress aren't totally against infrastructure spending, but they are against raising taxes and will likely oppose the bill because of it.
Luckily for Democrats, they don't need a single Republican vote to pass this bill. They can use "budget reconciliation" to get around the 60 vote requirement in the Senate.
Budget reconciliation is a rule that allows Congress to pass bills with a simple majority when it has to do with budget and spending.
So our only hope in stopping this behemoth bill from becoming law is Republicans in Congress explaining to Americans that this is a bad bill. In other words... We're screwed.
#MagaFirstNews a Part of https://GoRightNews.com
with Peter Boykin join him on
Telegram https://t.me/RealPeterBoykin
GAB https://gab.com/peterboykin
Podcast: https://www.spreaker.com/show/goright-with-peter-boykin
Check Out More Videos on
GAB: https://tv.gab.com/channel/peterboykin
Rumble: https://rumble.com/GoRightNews
Bitchute: https://bitchute.com/channel/gorightnews
Odysee: https://odysee.com/@PeterBoykin:2
Youtube: https://www.youtube.com/channel/UCbJq2br_Uw-tr3e4CIf5TAQ
Check Out Our Page on
Facebook https://www.facebook.com/GoRightNewsOfficial
Please Show Your Support by helping to cover the costs for these podcasts,
Donate directly at
Paypal: https://paypal.me/magafirstnews
BuyMeACoffee: https://www.buymeacoffee.com/PeterBoykin
Patreon: https://www.patreon.com/peterboykin
#GoRightNews
-
46:47
Go Right News with Peter Boykin
3 days agoThe Looming Government Shutdown A Constitutional Republic in Crisis
281 -
0:31
Mr Producer Media
3 years agoPsaki Admits Biden's Infrastructure Bill Isn't About Infrastructure
9.02K16 -
4:54
BonginoReport
3 years agoBiden's $2+ Trillion Infrastructure Bill PACKED With Pork
143K39 -
4:45
One America News Network
3 years agoSen. Portman: Biden's infrastructure bill makes America 'non-competitive again'
2.08K38 -
0:31
BonginoReport
3 years agoPsaki Lets the Truth Slip Out About Biden's Infrastructure Bill
77K89 -
4:25
One America News Network
3 years agoThe Real Story - OANN Biden's Infrastructure Bill with Dan Eberhart
7354 -
16:21
BonginoReport
3 years agoTucker SHREDS Biden's Trainwreck Infrastructure Plan
234K67 -
1:38
No Spin News with Bill O'Reilly
3 years agoPsaki Admits The Truth About What Is Actually In Biden's Infrastructure Bill
48.6K57 -
3:54
The Wayne Dupree Podcast
3 years agoOnly 6% Of Biden's Infrastructure Bills Goes To - Infrastructure
6156 -
0:38
The Wayne Dupree Podcast
3 years agoHarris Falsely Claims Biden's Infrastructure About Fixing Roads
2.65K30