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Study shows White House tax and spend plans would be drag on economic growth


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The Biden administration has proposed two massive spending and tax plans.
They call for more than $4 trillion in increased government spending funded by an equal amount of tax increases on individuals and corporations. These plans are on top of the $2 trillion stimulus plan enacted in March. According to the White House, this more than $6 trillion in spending increases and the trillions of dollars of tax increases will produce significant economic returns, boosting productivity and economic growth.
Really?
A Congressional Budget Office study released this spring shows that the administration spending and tax increase plans will more likely reduce, not increase, long-term economic growth. ....

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