Biden's American Jobs Plan would spend roughly $2 trillion on so-called "infrastructure" projects and other [[boondoggle]]s Biden proposed to pay for the spending by increasing taxes. “The largest federal tax increase since 1942,” is how the ''New York Times'' described the Biden plan.<ref>https://reason.com/2021/03/29/heres-how-bidens-proposed-tax-increases-will-affect-you/</ref> Biden claimed that the last five leaders of the [[Federal Reserve]] had declared that his American Jobs Plan proposal will increase economic growth.<ref>https://www.whitehouse.gov/briefing-room/speeches-remarks/2021/05/05/remarks-by-president-biden-on-his-administrations-implementation-of-the-american-rescue-plan/</ref> The only problem with Biden's remarks was only three of the last five leaders of the Fed are still alive.<ref>https://www.cnn.com/2021/05/10/politics/fact-check-biden-federal-reserve-moodys-american-jobs-plan/index.html</ref> | Biden's American Jobs Plan would spend roughly $2 trillion on so-called "infrastructure" projects and other [[boondoggle]]s Biden proposed to pay for the spending by increasing taxes. “The largest federal tax increase since 1942,” is how the ''New York Times'' described the Biden plan.<ref>https://reason.com/2021/03/29/heres-how-bidens-proposed-tax-increases-will-affect-you/</ref> Biden claimed that the last five leaders of the [[Federal Reserve]] had declared that his American Jobs Plan proposal will increase economic growth.<ref>https://www.whitehouse.gov/briefing-room/speeches-remarks/2021/05/05/remarks-by-president-biden-on-his-administrations-implementation-of-the-american-rescue-plan/</ref> The only problem with Biden's remarks was only three of the last five leaders of the Fed are still alive.<ref>https://www.cnn.com/2021/05/10/politics/fact-check-biden-federal-reserve-moodys-american-jobs-plan/index.html</ref> |