(INTELLIHUB) — The latest third-round stimulus ultimately cost U.S. taxpayers $1.85 trillion. It left some on-edge.
Zero Hedge reports: “Despite the fact that Biden just shelled out another $1.85 trillion to finance the third round of stimulus checks (not to mention hundreds of billions in handouts to states and municipalities), his administration isn’t raising money to pay for that. Instead, they’re looking to finance a Democratic ‘New New Deal.’”
“Breaking with his former boss, Barack Obama (who signed legislation to make most of the Bush-era tax cuts permanent), Biden is embarking on what could be the biggest federal tax hike since 1993 (remember ‘no new taxes?) to finance an infrastructure plan, Biden’s climate-change initiatives, health care, and economic inequality,” Tyler Durden writes.
Photo credit: Official White House Photo by Adam Schultz
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