Democrats Spend Big, and We Pay, for Their Socialist Dream

by The Daily Signal

The Daily Signal— In 1983, Tom Cruise starred in the film “Risky Business.” It’s about wealthy parents in Chicago who go on vacation and leave the house under

The National Interest—How Will the Democrats Pay For Their Spending Bill?. Stephen Silver Government Spending, The tax code will have to change, but for whom? The Democrats in Congress are seeking to advance their $3.5 trillion spending package, which is a version of President Biden’s proposed American Families Plan. The Senate, per CNBC, passed the first framework for the reconciliation bill on August 11. “The Democratic budget will bring a generational transformation to how our economy works for average Americans,” Senate Majority Leader Chuck Schumer (D-NY) said...

CNN—What we know so far about the Democrats' big spending proposals. Democrats in Congress are pushing ahead with a sweeping multi-trillion-dollar 10-year spending plan that marks the latest step in their drive to expand education, health care and childcare support, tackle the climate crisis and make further investments in infrastructure.

The Daily Signal—How Democrats Plan to Hike Taxes to Pay for $3.5 Trillion in Spending. Democrats would hike several taxes—many by large amounts—and they still wouldn't fully cover the cost of their $3.5 trillion spending plan.