10/15/2021, 8:10 PM (Source: TeleTrader)
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Reconciliation package cost is fully paid for - Biden

United States President Joe Biden stated on Friday that the reconciliation social spending package doesn't actually cost the proposed $3.5 trillion but rather zero as the entire package is fully paid for.

Biden once again asserted that the tax hikes for the ultra-wealthy and private businesses are going to help pay for the package, adding that businesses support the initiatives outlined in the bill.

Lastly, Biden admitted that the final cost will be lower than $3.5 trillion, but asserted that he will get the bill passed through Congress for however much he can and that next year he will come back and pass what was left behind.

Baha Breaking the News (BBN) / OL