Biden's Once Again Puts Forth A Historic Policy

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   Sharlee01posted 4 years ago

   
   Republicans rip Biden administration for massive food stamps increase: 'Abusing its authority'
   
   Trump offered jobs, Biden offers a handout. ---
   
   Republican lawmakers lambasted the Biden administration on Wednesday over its giant food-stamp expansion, accusing the White House of "abusing its authority" by unilaterally approving the largest permanent increase to benefits in the program's history – a move that could cost taxpayers an additional $20 billion annually.
   
   Biden's historic food-stamp increase could hurt long-term economic growth, wages..
   
   The Biden administration's massive food-stamp expansion, the largest permanent increase to benefits in the program's history, could cut economic growth over the next decade, according to a new study published last week.
   
   Findings from the Penn Wharton Budget Model, a nonpartisan group at the University of Pennsylvania's Wharton School, show the changes to the program will reduce GDP by 0.2% in the next 10 years. The negative impact becomes more pronounced in the future: By 2041, it will slash growth by 0.3%, and by 2051, the economy will shrink by 0.5%, the projections show.
   
   The expansion will also weigh on wage growth, disproportionately hurting young people with high incomes as well as wealthy retirees.
   
   Once again a decision that will certainly be detrimental to America.
   
   It would appear this president is literally trying to destroy America...
   
   Keep the rich --- And the poor, poor...

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2. 75

   Valeantposted 4 years ago

   Perhaps some more research into the Penn Wharton group's previous failures.  They are a group aimed at backing smaller government programs and denying when subsidy dollars actually spur growth.
   
   https://papers.ssrn.com/sol3/papers.cfm … id=3539734
   
   And those same people at the 'think tank' you quote, note that Biden's plans would not increase the taxes of those under $400,000, something you just disagreed with in another post.  So, you're posting sources that you then claim are wrong in another post within hours.
   
   https://www.yahoo.com/now/penn-wharton- … 00479.html

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   1. 85

      Sharlee01posted 4 years agoin reply to this

      Penn-Wharton was addressing two different subjects, giant food-stamp expansion, and his Tax proposal. Apples to oranges.
      
      It would appear they are a  nonpartisan group.
      
      I would assume you are referring to the meme I posted on a thread I posted. In my view, the tax plan will affect the middle class and ultimately the poor. Just my view...
      
      https://taxfoundation.org/biden-middle-class-tax/
      https://www.foxbusiness.com/economy/bid … ign-pledge
      https://www.wsj.com/articles/here-come- … 1617231225
      https://www.taxpolicycenter.org/taxvox/ … mean-taxes
      His tax plan is a shell game IMO.

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