URL details: click.campaigns.rnchq.com/?qs=1f6fac0b76eea8ce2e5d26ebc45f1871f70f94ca13df708c1165b38f61b1f88c80bcb8023e1cbf74e673906e3357fd43
URL title:
President Biden's American Families Plan: Budgetary and Macroeconomic effects — Penn Wharton Budget Model
URL description:
PWBM projects that the American Families Plan (AFP) would spend $2.5
trillion, about $700 billion more than the White House’s estimate, over the
10-year budget window, 2022-2031. We estimate that AFP would raise 1.3
trillion in new tax revenue over the same period. By 2050, the AFP would
increase government debt by almost 5 percent and decrease GDP by 0.4
percent.
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2021-07-07
shrink the economy and reduce hours for Illinois workers