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The True Cost of Biden's Legislative Agenda Is Worse Than We Could Have Ever Imagined: Study

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The Democrats’ “Build Back Better” agenda is proof that names can be deceptive.

Investigating the $4.5 trillion plan, the Texas Public Policy Foundation gave crucial economic estimates that reveal the damage that could be done by President Joe Biden and Democratic leaders in Congress.

The agenda is made up of two key pieces of legislation: a $3.5 trillion spending bill and a $1 trillion infrastructure bill.

Over the course of ten years, the foundation estimates that 5.3 million full-time jobs would be lost, $1.2 trillion in income would be lost, and the long-run GDP would lose $3.7 trillion.

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The only upward trend over ten years from this plan is the national debt, which would increase by 16 percent, according to the group.

When broken down even further, the report explains that median family income could drop by $12,000, and there could be a marginal tax rate increase of 13 percent for some.

As the economy is still in recovery mode following the COVID-19 pandemic, the Democrats’ plan would hinder development in the private sector and end up harming average Americans.

For example, the proposed corporate tax rate increase to 26.5 percent would have a harmful trickle-down effect even if it seems harmless on the surface.

If companies are paying more in taxes, that expense falls onto the consumer, who would see prices increase, and their employees, who would risk having their jobs cut.

That corporate tax rate would make the United States less competitive with other countries in the Organisation for Economic Co-operation and Development, because we would have the third-highest rate in the group, according to the Tax Foundation. America’s rate would even eclipse communist China’s.

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Regardless, the Biden administration is touting public opinion polls that show a majority of Americans support “Build Back Better.”

I would be willing to bet that few Americans know the implications of passing the agenda because the establishment media has kept its negative effects quiet.

“Poll after poll makes it clear: The majority of Americans overwhelmingly support my Build Back Better Agenda,” the president tweeted Monday. “Let’s get it done and deliver for the American people.”

Democrats are scrambling to unite their caucus to get both bills passed before the fiscal year ends on Thursday while trying to avert a looming government shutdown.

If their agenda wins, America loses.

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Cameron Arcand is a political commentator based in Phoenix, Arizona. His "Young Not Stupid" column launched at The Western Journal in January 2021, making Cameron one of the youngest columnists for a national news outlet in the United States. He has appeared on One America News and Fox 5 DC. Since 2019, he has been a Young America's Foundation member.
Cameron Arcand is a political commentator based in Phoenix, Arizona. In 2017 as a school project, he founded YoungNotStupid.com, which has grown exponentially since its founding. He has interviewed several notable conservative figures, including Dave Rubin, Peggy Grande and Madison Cawthorn.

In September 2020, Cameron joined The Western Journal as a Commentary Writer, where he has written articles on topics ranging from the COVID-19 pandemic, the "Recall Gavin Newsom" effort and the 2020 election aftermath. The "Young Not Stupid" column launched at The Western Journal in January 2021, making Cameron one of the youngest columnists for a national news outlet in the United States. He has appeared on One America News and Fox 5 DC. He has been a Young America's Foundation member since 2019.
Location
Phoenix
Languages Spoken
English




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