healthmyths
Platinum Member
- Sep 19, 2011
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Here's a list of $6 trillion in Joe Biden spending proposals
Climate plan: $1.7 trillion
In this watered-down version of the Green New Deal, Biden aims to get to net-zero carbon emissions by 2050 through a series of regulatory steps and new spending.
Infrastructure plan: $1.3 trillion
Joe Biden has proposed a massive package, including repairing existing infrastructure, investing in green energy, electric car subsidies, and high-speed rail. Much of it recycles ideas from Obama’s economic stimulus package.
Healthcare plan: $750 billion
Biden wants to expand Obamacare significantly by increasing its subsidies and creating a government-run plan that would erode private insurance over time.
Preschool and K-12 plan: $750 billion*
The plan would triple Title I funding for public schools, increase teachers' salaries, and provide universal pre-K.
*This is based on an estimate by the Committee for a Responsible Federal Budget, which found the education proposal would cost $850 billion. But $100 billion of that included investments in public school buildings already included in the infrastructure plan.
Post high school education plan: $750 billion
This would provide free two-year community college or training, increase student aid, and provide targeted loan forgiveness.
Housing plan: $640 billion
This plan would involve providing housing assistance to subsidize buying or renting homes and provide funding to build more affordable housing.
Combating opioid epidemic: $125 billion
So how much additional revenue will be generated by taxing anyone making over $400,000 a year.
Thankfully, even though individuals in this bracket are few and far between, the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.
So this means about $60 billion a year !
Does it add up???
Climate plan: $1.7 trillion
In this watered-down version of the Green New Deal, Biden aims to get to net-zero carbon emissions by 2050 through a series of regulatory steps and new spending.
Infrastructure plan: $1.3 trillion
Joe Biden has proposed a massive package, including repairing existing infrastructure, investing in green energy, electric car subsidies, and high-speed rail. Much of it recycles ideas from Obama’s economic stimulus package.
Healthcare plan: $750 billion
Biden wants to expand Obamacare significantly by increasing its subsidies and creating a government-run plan that would erode private insurance over time.
Preschool and K-12 plan: $750 billion*
The plan would triple Title I funding for public schools, increase teachers' salaries, and provide universal pre-K.
*This is based on an estimate by the Committee for a Responsible Federal Budget, which found the education proposal would cost $850 billion. But $100 billion of that included investments in public school buildings already included in the infrastructure plan.
Post high school education plan: $750 billion
This would provide free two-year community college or training, increase student aid, and provide targeted loan forgiveness.
Housing plan: $640 billion
This plan would involve providing housing assistance to subsidize buying or renting homes and provide funding to build more affordable housing.
Combating opioid epidemic: $125 billion
So how much additional revenue will be generated by taxing anyone making over $400,000 a year.
Thankfully, even though individuals in this bracket are few and far between, the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.
So this means about $60 billion a year !
Does it add up???