The economy is marching back to health and the upper middle class, especially, he said, don’t need to be dealing with tax increases. That wasn’t exactly music to many attendees ears.Ī money manager told the Post that in a “coronavirus environment” he hoped there would be less talk about raising taxes. “The net cost of ‘Build Back Better’ is zero,” he said of the White House’s plan.
“We have found a way to pay for every part of the spending with taxes,” Klain said in front of an audience of financial industry poohbahs at the annual SALT conference in New York. He said that’s because the proposal already has a plan to fund its wish list, which includes a huge increase in social spending and so-called green spending. White House Chief of Staff Ron Klain on Wednesday claimed in front of an audience of Wall Street titans that the Democrats’ $3.5 trillion spending bonanza would “cost zero.” $470B hole: Biden bill’s taxes pay for far less than WH claims, study shows
The Post endorses Jack Ciattarelli for NJ governor
White House gimmicks can’t save Biden’s ‘Build Back’ monstrosityĭems’ absurd tax games and other commentary
