Biden’s ‘Build Back Better’ Plan Could Add $3 Trillion To National Debt

President Joe Biden Has Repeatedly Touted That His “Build Back Better” Spending Bill Would Not Add To The National Debt, But The Nonpartisan Congressional Budget Office Analysis Released Friday Countered That Claim.

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Blackburn Demands Answers On Biden Administration’s Attack On State Medicaid Programs

U.S. Senator Marsha Blackburn Sent A Letter Requesting The Congressional Budget Office (CBO) Disclose The Impact Of President Biden’s Federal Overreach On State Medicaid Programs Through The “Build Back Broke” Budget.

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House Passes Democrats’ Social Spending Bill After CBO Score

Congressional Democrats Passed A $1.75 Trillion Social Spending Plan Friday, Putting The Bill’s Fate In The Hands Of A Deeply Divided Senate.

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Blackburn, Hagerty Vote Against $1.2T Infrastructure Bill

The U.S. Senate Passed A $1.2 Trillion Infrastructure Bill Tuesday Despite The Objection Of Both Of Tennessee’s U.S. Senators. The Bill, Which Passed 69-30, Would Add $256 Billion To The Federal Debt, According To The Congressional Budget Office.

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House To Consider $250B For Subsidies, Research To Compete With China

The U.S. House Will Consider A Wide-Ranging Bill Aimed At Accelerating American Technological Innovation In An Effort To Keep Pace With China, But Critics Have Raised Concerns About How To Pay For It.

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Progressives Continue Push For $15 Minimum Wage

Progressive Lawmakers And Left-wing Groups That Championed An Effort To Raise The Federal Minimum Wage To $15 Through Budget Reconciliation Aren’t Accepting Defeat.

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Biden Corporate Taxes Will Send Jobs Overseas

Biden has proposed $4 trillion in tax increases on American families and businesses. While Biden touts his tax hike plan as a way to ensure corporations “pay their fair share,” the proposal will harm the U.S. economy at a time that it is recovering from the coronavirus pandemic. These tax hikes will make America a more uncompetitive place to do business, send jobs overseas, trigger a return of corporate inversions, and make it easier for foreign businesses to acquire U.S. companies.

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The ‘Fight For $15’ Myth Returns

$15 isn’t a magical pay rate that fixes poverty. Even the Congressional Budget Office’s latest report suggests a $15/hour minimum wage would lift about 900,000 Americans out of poverty. More importantly, the CBO acknowledges that such a wage mandate would be the root cause of the elimination of about 1.4 million jobs. In short, even if you’re not so hot at math, you can see that it’s not a great tradeoff against any set of circumstances.

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$15 Minimum Wage Would Lead To 1.4M Lost Jobs, Impacting Young, Less Educated The Most

Biden Says Raising The Minimum Wage Will Lift Millions of Americans Out Of Poverty. While The Congressional Budget Office Confirms The Poverty-Reducing Impact, It Also Says It Will Hurt The Economy.

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