Funny money by the barrel.
Posted on 04/24/2021 11:33:52 PM PDT by Libloather
The Biden administration is reportedly teeing up another massive economic spending package that's focused on child care, paid family leave and other domestic priorities.
The Washington Post reported late Monday that President Biden plans to unveil the American Families Plan, the second part of his multitrillion-dollar Build Back Better agenda, ahead of his address to a joint session of Congress on April 28. It comes just a few weeks after Biden released the American Jobs Plan, a $2.25 trillion tax and spending initiative that would make massive investments in the nation's roads and bridges, as well as water systems, green energy, hospitals and elder care.
The newest measure is expected to call for roughly $1 trillion in new spending and about $500 billion in tax credits, the Post reported, citing people familiar with the internal discussions.
Although details remain in flux, the proposal will likely be fully paid for with new tax increases aimed at wealthy Americans and and investors. Some tax increases currently under consideration include restoring the top marginal tax rate to 39.6%, where it sat before Republicans' 2017 tax overhaul, taxing capital gains as ordinary income above a certain threshold and eliminating the stepped-up basis at death, Politico reported earlier this week.
Final numbers are fluid, but spending in the American Families Plan may break down along these lines:
(Excerpt) Read more at msn.com ...
Money money money Monnnnney Money money money.........
We are so screwed by this fool and our money
Here coes “Universal Basic Income,” aka socialism in spades.
“Let’s hook a few more gazillion people on government handouts,so they’ll always vote for us. Because the other guy “Will take away your government handout!”
Funny money by the barrel.
“We have a President who has no clear mind....everyone is letting this happen and not saying anything contrary.”
There is an economic crash coming which will be the greatest in American history.
Nothing can stop it.
But somebody can be blamed.
Trump? No thank you, I’ll play golf in Florida.
Harris? I’ll wait to blame Joe.
Biden? I’ll take credit for anything I can.
Cook county all in one room.
The Chicago outfit never sleeps.
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