Andrew Clyde: “Too many falsehoods have been spread about the Democrats' multitrillion-dollar tax and spend bill, the most radical and…”

“Too many falsehoods have been spread about the Democrats' multitrillion-dollar tax and spend bill, the most radical and expensive piece of legislation in our history. The American people deserve to know the truth about the grave ramifications of passing this fiscally irresponsible liberal wish list. Let's unpack some of these egregious Pinocchios. For starters, the left has erroneously claimed that the so-called Build Back Better Act is fully paid for and will cost American taxpayers zero dollars. This is false. While we have not yet received the official CBO score, models show that Biden's Big Government socialist spending package should cost more than double what Democrats have previously reported. The number could be upward of $4.5 trillion, with $3 trillion of it being in new debt. Additionally, President Biden has touted for months that this legislation will not raise taxes on Americans earning less than $400,000 a year. According to early reports from the Congressional Budget Office, this is completely false as well. A recent analysis from the Tax Policy Center found that the reckless reconciliation bill would hike taxes for 20 to 30 percent of middle- class families next year, yet taxpayers in the top 5 percent will see a combined total tax cut of $32 billion. What a slap in the face to millions of small businesses, hardworking employees, and their families.…”