Here is what’s REALLY in Biden’s $3.5 trillion tax and spending spree

This week, Joe Biden and Democrats in Congress are planning to muscle through a partisan, $3.5 trillion tax and spending spree — and the true cost could be much higher. 

Thanks to creative accounting tricks and misleading math from the Democrats, the package could come to more than $5 trillion. The bill contains a quasi-universal basic income, tax breaks and government handouts for wealthy families in high-tax states, and new socialist programs that force American families to depend on the government from cradle to grave.

Wall Street Journal Editorial: Democrats are moving quickly to pass a multi-trillion-dollar spending bill via budget reconciliation, with little scrutiny on the details. . . Take a turbocharged child tax credit that is really a universal basic income, which will discourage work and cost $1 trillion. Or a paid family and medical leave program that purports to help low-income workers but will subsidize affluent Americans earning north of $200,000 a year. The Journal has also walked readers through the array of accounting fictions that make the bill appear cheaper on paper. The true expense may reach $5.5 trillion over a decade, and much more beyond that. The larger cost will be conditioning the American middle class to rely on government for ever more of life’s needs.

To fund their liberal wishlist, Democrats propose the largest tax hike since 1968 that business leaders have warned would lead to “widespread job losses, slower growth and wage stagnation” that would decimate the economy. Republicans are working to stop the reckless bill, saying it would hurt working families and boost our adversaries, including China.

Democrats' reckless taxing and spending spree is a far-left wish list that will hurt families and help China.
⁰Higher heating bills, electric bills, and gas prices. Democrats want to tear a big hole in Americans’ wallets right where they can least afford it.

— Leader McConnell (@LeaderMcConnell) September 28, 2021

Bottom Line: The fate of Biden’s reckless tax and spending spree is still unknown, but we do know this: the bill would wreck our economy and dramatically expand the scope and power of the federal government.