Tax Increases Can't Pay for Democrats' Reconciliation Bill

With a projected deficit of $3 trillion for this year already, congressional Democrats are moving full speed ahead to spend an additional $3.5 trillion over the next 10 years with no clear plan to pay for it. 

Despite claims by Speaker Pelosi and key Senator Mark Warner (D-VA) that the Democrats’ $3.5 trillion spending package will be fully paid for, it’s simply not possible. The math doesn’t add up. 

This spending spree is too large to be funded through tax increases. That means the federal government will have to finance it through deficit spending. This additional borrowing will just raise already soaring inflation rates and raise the tax burden on future generations.

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