Joe Biden’s Chief of Staff Claims $3.5 Trillion Infrastructure Package Would ‘Cost Zero’Wendell Husebø 16 Sep 2021
White House Chief of Staff Ron Klain claimed Wednesday the $3.5 trillion infrastructure package would “cost zero.”
“We have found a way to pay for every part of the spending with taxes,” Klain told finance specialists at the Annual Salt Conference in New York, the New York Post reported. “The net cost of ‘Build Back Better’ is zero,” he said of President Joe Biden’s “human infrastructure” package.
Klain’s assertion a $3.5 trillion bill won’t cost anything ignores the tax increase Biden intends to levy on Americans.
For example, the “human infrastructure” package contains raising taxes, including the corporate tax rate from 21 percent to 26.5 percent, the capital gains tax rate from 20 percent to 25 percent, and the income tax rate rate from 37 percent to 39.6 percent.
“These are reasonable provisions to rebalance the tax code,” Klain said about Biden’s massive tax and spend plan.
Klain also told the financial chiefs the zero cost $3.5 trillion package is intended to create “fairness” while noting the elites “at the top will still do very well.”
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https://www.breitbart.com/politics/2021/09/16/joe-bidens-chief-of-staff-claims-3-5-trillion-infrastructure-package-would-cost-zero/
