The 2022 budget proposed by President Joe Biden would redistribute income, hitting high-income earners with tax increases and providing refundable tax credits to low- and middle-income Americans. Ads from the conservative Club for Growth targeting nine vulnerable Democrats and one centrist Republican in the House, however, distort the impact of the Biden plan on taxpayers.
The White House and Republican National Committee are each touting different economic analyses that reach far different conclusions about the budget and economic impact of President Joe Biden’s American Families Plan.
The economy, immigration and China’s president lead our roundup of Biden’s claims.
Several independent studies show strong bipartisan support for many of the main spending components of the $2.7 trillion American Jobs Plan. Still, those polls show most Republicans oppose the overall plan, particularly its call for spending to be offset by higher corporate taxes.
President Joe Biden has taken an arguably expansive view of infrastructure to justify some of the proposed spending in the $2.7 trillion American Jobs Plan. But some Republicans have gone too far with claims about how little in the bill qualifies as infrastructure.
President Joe Biden’s infrastructure proposal, called the American Jobs Plan, is projected to add 2.7 million jobs over 10 years, according to an analysis by Moody’s Analytics.