Why Biden says his plan costs 'nothing' (and why he's right)

But the math isn't that complicated. For example, when we look at the Republicans' 2017 package of regressive tax breaks, we see a plan that cost. Some on the right might be inclined to look at that total and see Biden's safety-net-and-climate plan as costing even more.

Except, the Trump-era tax breaks would've come with an even higher price tag were it not for other provisions, such as the cap on state and local tax deductions, that helped offset the overall cost. The $2 trillion figure refers to thecost: That's $2 trillion, after offsetting revenue is included in the mix, that the United States was supposed to have, but which Republicans instead put in the pockets of the wealthy and big corporations.

The pending Democratic plan appears to carry an even greater price tag, but the $3.5 trillion figure is acost, which doesn't include proposed tax increases on the wealthy and big corporations to help pay for the domestic investments. As far as the White House is concerned, that makes a world of difference: If Democrats intend to invest $3.

But in broad strokes, the bottom line remains the same: Biden and his party are making a good-faith effort to pay for practically all of these new investments, which is far more than anyone can credibly say about Republicans and their recent initiatives. When the president insists his plan will cost"nothing," he has a point.

janekleeb MaddowBlog I am hoping mainstream media will cover this point. I remember republicans saying that tax cut would pay for itself. We all expected that was false. The fact that the climate crisis is costing us billions in disaster relief should be addressed. We need this!

>◄ WORK AT HOME ►My last month paycheck was for 11000 dollars… All i did was simple online work from comfort at home for 3-4 hours/day that I got from this agency I discovered over the internet and they paid me for it 95 bucks every hour.... for more info visit any tab this site Thanks a lot . …..workingprofits.com

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