President Joe Biden’s “absurd price tag” for $2 trillion in new spending is no April Fools’ Day joke, but the “latest example of ‘Bidenomics’ in action,” House Minority Leader Kevin McCarthy, R-Calif., said Thursday, a day after the president announced his extensive new spending plan.
“[It is] blind faith in government spending and regulations, blank checks for left-wing ideologues, and far less money and freedom for families, small businesses, and workers,” McCarthy said in a statement.
The plan comes after $1.9 trillion in deficit spending came last month, in the name of coronavirus relief, and will result in the largest tax increases since 1968, McCarthy said.
“Like his so-called COVID bill that spent less than 9 percent to defeat the virus, Biden’s so-called infrastructure plan spends less than 6 percent to repair bridges, highways, and roads,” McCarthy said. “The rest is a ‘kitchen sink’ of wasteful progressive demands, payoffs for labor unions and radical environmentalists, and job-killing regulations that Rep. Alexandria Ocasio-Cortez[,D-N.Y.,] recently likened to the Green New Deal.”
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