Infrastructure Plan

Missoula MT

Description

Biden's 'infrastructure plan' is not about infrastructure, but you'll still pay for it. Joe Biden avoids taxes, but has no problem raising yours. Only about 5% of that $2 trillion will actually go to roads and bridges. So, 5% on infrastructure, 95% on social engineering. That’s what Joe Biden calls a once-in-a-lifetime infrastructure bill. He’s right about part of it: It is once in a lifetime. If this passes, the next generation will live in a very different country. Before we tell you what’s in the bill, a word about who will pay for it. In fact, we only need one word: You. Taxes are going up dramatically. They didn’t have to, actually. Tax revenues no longer fund the ambition of our political class. The Federal Reserve does. When politicians want something, they just print the money. It’s called Modern Monetary Theory. They’ve been doing this for years, and it’s accelerating. There’s no actual reason to raise taxes anymore, for anything. But Joe Biden wants to, just to punish you. And he plans to do that. The administration is calling for a tax increase of about $3 trillion over ten years. That includes taxes on individual income and investments, as well as corporations. That would make this the first major tax hike in 28 years. But it's actually a much bigger tax increase than anything we saw under the Clinton administration. In 1993, taxes amounted to only around 0.5% of GDP. This plan would come to roughly three times that – about $300 billion a year, or 1.36% of GDP. You'd have to go back to 1968 to find a bigger tax increase.