Biden says Democrat spending will “cost nothing”. CNBC says otherwise.
CNBC’s Yian Mui reports that the most recent Biden spending plan would increase the deficit by $2.6 trillion over the next ten years. This is hardly paid for.
Democrat fuzzy math concerns both spending and taxes. First, rather than involving $1.8 billion in spending, the plan would cost $4.1 trillion.
Moreover the plan violates Biden’s campaign promise to not tax those making less than $400,000.