The Biden administration is reportedly preparing a $1 trillion tax hike to help finance the White House’s latest policy push including immigration, CoVID, infrastructure, climate change, and income inequality.
“When President Joe Biden’s team began putting together his infrastructure and jobs package this February, the White House National Economic Council circulated an internal proposal calling for about $3 trillion in new spending and $1 trillion in new tax hikes, according to three people with knowledge of the matter,” reports the San Diego Union Tribune.
“The choice to limit the impact on the federal deficit may help the White House counter critics who say that the nation’s spending imbalance is out of control. But it also sets up the administration for an enormous political challenge in convincing Congress to pass a package of tax increases on wealthy Americans and companies that together would represent the largest tax hike in generations,” adds the newspaper.
Biden is poised to unveil another $3 trillion in new federal spending this week to focus on Infrastructure; allocating the cash to help rebuild roads but also fight “climate change and income inequality.”
“The president is expected to introduce up to $3 trillion in spending on efforts to boost the economy, including rebuilding aging infrastructure like highways, bridges and rail lines, and investing in technologies to reduce planet-warming greenhouse gas emissions,” reports CNBC.
“The package may be split between two bills, starting with legislation that incorporates Biden’s Build Back Better agenda and supports his goal to achieve carbon-free power generation by 2035 and net-zero emissions by 2050,” adds the website.
“Electrifying America’s cars and trucks, creating a nationwide smart grid, expanding electricity storage to allow more renewable energy, establishing universal high speed internet — all of these are intended to boost the productivity and competitiveness of the economy, while also cutting emissions,” said one advisor.
“We cannot just settle for what we can agree on without recognizing that this has to be a bill for the future, that we have to recognize the climate crisis,” Nancy Pelosi told reporters.
Read the full report here.
BIDEN on ???: ‘What Kind of Country Are We Going to Be with 4 More Years of George??’
Former Vice President Joe Biden continued his gaffe-filled basement campaign over the weekend; apparently warning the country of the dangers posed by “four more years” of “George.”
“What kind of country are we going to be?” asked Biden alongside his wife Dr. Jill Biden. “Four more years of George, uh, he uh, we’re going to find ourselves in a position where that if Trump is gets elected we’re going to be in a different world!”
WATCH: Joe Biden confuses President Trump with George Bush.
"4 more years of George, uh, George…" pic.twitter.com/Zzt2brIaYS
— Trump War Room (@TrumpWarRoom) October 26, 2020
Watch Biden’s bizarre comments above.
BIDEN on ???: ‘You Know… The Rapidly Rising, uh, um, In With uh… I Don’t Know…
Former Vice President Joe Biden continued his gaffe-filled campaign this week; launching an incoherent rant about something “rapidly rising” before admitting “I don’t know.”
“You know, the rapidly rising, uh, um, uh, in with uh, with uh, I don’t know, uh,” Biden told reporters.
Joe Biden brain freeze: "You know, the rapidly rising, uh, um, uh, in with uh, with uh, I don't know, uh" pic.twitter.com/hpDOqUvaO8
— Trump War Room (@TrumpWarRoom) June 11, 2020
Watch the bizarre moment above.