As Democrats work to move their $3.5 trillion budget through a bitterly divided Congress, many, including President Joe Biden, have assured that the package is fully paid for in a bid to shore up support from moderates.
The revenue to pay for the massive spending package would be raised by tax increases on corporations and Americans earning more than $400,000 annually. As a result, Democrats have not only declared that despite the steep price tag, working and middle class Americans will not pay for the bill, but that it will not add to the nearly $29 trillion national debt.
“My Build Back Better Agenda costs zero dollars,” Biden said on Saturday. “Instead of wasting money on tax breaks, loopholes, and tax evasion for big corporations and the wealthy, we can make a once-in-a-generation investment in working America. And it adds zero dollars to the national debt.” (RELATED: Now Even Pelosi Is Claiming Biden’s Big $3.5 Trillion Bill Will Cost ‘Zero’ Dollars)
Experts, however, are less convinced.
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