Politics

Climate Experts Say Biden’s Infrastructure Plan Filled With ‘Wasteful Spending’ On Green Agenda

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Experts from various economic and energy groups denounced President Joe Biden’s sweeping infrastructure package, specifically taking aim at its massive price tag and emphasis on green energy proposals favored by progressives and climate activists.

Biden introduced his infrastructure package, dubbed the American Jobs Plan, during an address Wednesday in Pennsylvania. A White House fact-sheet stated the plan will cost at least $2 trillion dollars over a decade and senior administration officials noted it would be funded primarily by raising the corporate tax rate to what it was before the Trump administration’s 2017 tax cuts.

Stephen Moore, an economist who served in the Reagan administration, expressed concerns about government spending under the Biden administration. The president signed a $1.9 trillion COVID-19 relief package into law earlier in March, and he is potentially eyeing a $5 trillion spending blitz on infrastructure and other campaign promises, according to Axios.

“That’s $6 to $7 trillion of spending and debt, which is almost twice what the U.S. government spent to finance the Revolutionary War, the Civil War, World War I, World War II and the Cold War — adjusted for inflation,” Moore told the Daily Caller in a statement.

While the infrastructure package calls for at least $2 trillion in federal spending, just $621 billion goes to “transportation infrastructure and resilience,” according to the White House fact-sheet.

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