President Biden’s big government legislative agenda will kill 5.3 million jobs and generate $4.5 trillion in debt, according to a Monday study by the Texas Public Policy Foundation.
The study also suggests the United States’ gross domestic product (GDP) will be reduced by $3.7 trillion, nearly the cost of the massive $3.5 trillion reconciliation package.
Biden’s legislative agenda will additionally cost American families a combined $1.2 trillion in reduced income via tax increases to pay for the costly package, the study reveals.
The study also broke down the costs of Biden’s social welfare spending by state, analyzing Texas, Arizona, and West Virginia.
Arizona, where Sen. Kyrsten Sinema (D-AZ) resides and who is opposed to much of Biden’s massive tax and spending, will absorb $97 billion of the cost and the destruction of 115,000 jobs.
West Virginia will absorb $24 billion of the cost and the destruction of 29,000 jobs. Those costs are set to effect the state of Sen. Joe Manchin (D-WV), who has also suggested he is opposed to the expense and a few radical left provisions of the reconciliation package.
Texas will absorb for more than both states combined. The lone star state will be saddled with $394 billion in cost and 467,000 jobs lost.
The Destroy America Plan !!!!!