Episode 15: Report suggests new spending plan would shrink the economy
House Democrats have unveiled a litany of new tax proposals to fund President Joe Biden’s $3.5 trillion federal spending bill, but a new report suggests the spending plan would shrink the economy. The University of Pennsylvania’s business school, Penn Wharton, released a new budget model based on the Democrats’ plan that projects a major decrease in Gross Domestic Product (GDP) in the coming years if the plan were to pass. --- Support this podcast: https://podcasters.spotify.com/pod/show/america-in-focus/support
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Show Notes
House Democrats have unveiled a litany of new tax proposals to fund President Joe Biden’s $3.5 trillion federal spending bill, but a new report suggests the spending plan would shrink the economy.
The University of Pennsylvania’s business school, Penn Wharton, released a new budget model based on the Democrats’ plan that projects a major decrease in Gross Domestic Product (GDP) in the coming years if the plan were to pass.
Support this podcast: https://podcasters.spotify.com/pod/show/america-in-focus/support
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