Researchers found that President Biden's first budget proposal would reduce economic growth by 1% over the next decade.The Tax Foundation — a nonprofit that produces analysis to inform 'smarter tax policy at the federal, state, and global levels' — concluded that Biden's $6 trillion budget proposal would cut long-run output growth and result in fewer jobs. The budget incorporates key tenets of the American Jobs Plan and American Families Plan, as well as other discretionary spending items.Although the construction of physical infrastructure would facilitate economic growth, the budget's reliance upon tax hikes would create stress upon employers and employees alike.

https://www.dailywire.com/news/analysts-bidens-massive-6-trillion-budget-will-cut-economic-growth-by-1-over-next-decade

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