Biden’s ‘Build Back Better’ Agenda Will Kill 5.3 Million Jobs, Cut Average Families’ Income by $12,000: Study

The Democrats’ “Build Back Better” agenda is proof that names can be deceptive. Investigating the $4.5 trillion plan, the Texas Public Policy Foundation gave crucial economic estimates that reveal the damage that could…

IJR SyndicatedSep 28, 20212 min read

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pandemic, the Democrats’ plan would hinder development in the private sector and end up harming average Americans.

For example, the proposed corporate tax rate increase to 26.5 percent would have a harmful trickle-down effect even if it seems harmless on the surface.

If companies are paying more in Taxes, that expense falls onto the consumer, who would see prices increase, and their employees, who would risk having their jobs cut.

That corporate tax rate would make the United States less competitive with other countries in the Organisation for Economic Co-operation and Development, because we would have the third-highest rate in the group, according to the Tax Foundation. America’s rate would even eclipse communist China’s.

Regardless, the Biden administration is touting public opinion polls that show a majority of Americans support “Build Back Better.”

I would be willing to bet that few Americans know the implications of passing the agenda because the establishment media has kept its negative effects quiet.

“Poll after poll makes it clear: The majority of Americans overwhelmingly support my Build Back Better Agenda,” the president tweeted Monday. “Let’s get it done and deliver for the American people.”

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Democrats are scrambling to unite their caucus to get both bills passed before the fiscal year ends on Thursday while trying to avert a looming Government shutdown.

If their agenda wins, America loses.

This article appeared originally on The Western Journal.