Biden infrastructure plan would reduce growth: Tax group

Published June 4, 2021 5:37pm ET



A leading tax think tank projected President Joe Biden’s infrastructure plan would lead to a decrease in long-run economic output.

The Tax Foundation, a nonpartisan group that generally prefers lower taxes, released modeling of Biden’s American Jobs Plan on Friday. The think tank examined Biden’s plan as first proposed, which clocks in at about $2.3 trillion — although that number will be significantly lower if negotiations with Republicans are successful.

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