US | How Biden plans to spend $7tn and raise $4tn in taxes

Democratic presidential candidate Joe Biden has offered a sweeping policy agenda that would increase non-defense government spending by about $7 trillion over 10 years and defray part of the cost with $4 trillion in tax increases.

If enacted, Biden’s agenda would significantly redistribute resources along the income spectrum: Many of his spending proposals, including increased outlays for health care, education, and Social Security, would target low- and middleincome households, while his tax increases would be heavily skewed toward upper-income households and corporations.

Download our analysis to find out:

  • How Biden's far-reaching agenda would boost government spending by trillions.
  • The Distribution of Biden’s tax increases.

Topics: United States, US election, Presidential election, US economy, North America

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