Biden WH Preparing $3 Trillion Spending Package to Tackle Climate Change, Infrastructure, Provide “Free” Community College and “Reduce Inequality”
Last week it was reported that Joe Biden was planning to propose the first major federal tax hike since 1993 to fund a plan to tackle climate change, infrastructure and other Socialist pet projects.
The increases are expected on corporate tax and individual rate for “high-income” earners, according to Bloomberg.
Biden originally promised people earning $400,000 a year would not be affected by tax increases, however, he broke that promise too.
Biden’s tax plan could hit people earning $200,000 a year because Psaki said Biden’s $400,000 threshold for tax increases applies to families, not individuals.
The economic package, according to the New York Times and WaPo, will reportedly cost $3 trillion dollars – this is on top of the $1.9 trillion Covid relief bill Biden just signed into law.
