MCViewPoint

Opinion from a Libertarian ViewPoint

EconomicPolicyJournal.com: In His First 100 Days, Biden Plans to Out Do All of Trump’s 2020 Mad Spending

Posted by M. C. on January 10, 2021

According to Axios, Biden wants to follow this up with a $3 trillion tax and infrastructure package.

Yes, give most Americans $1,400 (in addition to the $600 they are now receiving) and then tax the hell out of the “rich.” In addition to raising capital gains taxes for all.

This is what the Democratic control of both houses of Congress is going to bring.

https://www.economicpolicyjournal.com/2021/01/in-his-first-100-days-biden-plans-to.html

Joe Biden is considering asking Congress to give Americans the balance of the $2,000 per person coronavirus payments that was promoted by Trump, Axios reports. In addition, Biden wants to send funds to state and local governments to fill gaps in revenue that were created by governors and mayors that locked down their jurisdictions because of COVID-19.

Then, get this.

According to Axios, Biden wants to follow this up with a $3 trillion tax and infrastructure package.

Yes, give most Americans $1,400 (in addition to the $600 they are now receiving) and then tax the hell out of the “rich.” In addition to raising capital gains taxes for all.

This is what the Democratic control of both houses of Congress is going to bring.

Mitch as majority leader, though a crony himself, would have stopped a lot of this.

Needless to say, the spending Biden is proposing here is going to be much higher than what will be generated by any new taxes, so Jay Powell at the Federal Reserve better start ordering a lot more barrels of green ink.

RW

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