Study: Biden’s Legislative Agenda to Kill 5.3 Million Jobs, Generates $4.5 Trillion Debt  | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Study: Biden’s Legislative Agenda to Kill 5.3 Million Jobs, Generates $4.5 Trillion Debt 

President Biden’s big government legislative agenda will kill 5.3 million jobs and generate $4.5 trillion in debt, according to a Monday study by the Texas Public Policy Foundation.

The study also suggests the United States’ gross domestic product (GDP) will be reduced by $3.7 trillion, nearly the cost of the massive $3.5 trillion reconciliation package.

Biden’s legislative agenda will additionally cost American families a combined $1.2 trillion in reduced income via tax increases to pay for the costly package, the study reveals.

The study also broke down the costs of Biden’s social welfare spending by state, analyzing Texas, Arizona, and West Virginia.

Arizona, where Sen. Kyrsten Sinema (D-AZ) resides and who is opposed to much of Biden’s massive tax and spending, will absorb $97 billion of the cost and the destruction of 115,000 jobs.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA