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Biden’s 100 Day Push to Harm the Working Class – House Budget Committee

Destroy Jobs, Drive Down Wages, Drive Up the Cost of Living

“The President’s first 100 days in office have proven beyond a shadow of a doubt that he will judge success by how far he can grow the size of government spending and the scope of Washington influence.” — House Budget Committee Republican Leader Jason Smith

Destroy Jobs

It is estimated that President Biden’s executive actions and tax policies would destroy a combined over 3.5 million jobs.

  • 500,000 to 1 million jobs lost under Biden’s tax plan.
  • 11,000 jobs lost under Biden’s rescission of the Keystone XL Pipeline – including 8,000 union jobs.
  • 1 million jobs lost by continuing to pause new mining, oil and gas leasing, and permitting on federal lands as called for by Biden.
  • 2.7 million jobs lost by rejoining the Paris Agreement.
  • Thousands of jobs lost by Biden abandoning the wall on the Southern Border.
  • Driving down employment by establishing a form of universal basic income.

Drive Down Wages

It is estimated that President Biden’s tax policies and amnesty plans would lower wages for American workers by approximately $1,400 or over 2.5 percent.

  • Approximately $600 (1.1 percent) in lower wages for Americans under Biden’s tax plan.
  • Approximately $800 (1.5 percent) in lower wages for Americans under Biden’s proposed amnesty plan due to a likely influx of new illegal immigrants.

Drive Up the Cost of Living

A massive flood of spending into an already improving economy, more borrowing from China’s communist party, and enactment of socialist policies will risk inflation and increase what Americans have to pay to put food on their table, clothes on their back, medicine in their cabinet, and heat in their homes.

  • 7.5 trillion in enacted or proposed spending in Biden’s first 100 days – that’s $75 billion per day.
  • A $15 Washington mandate that will raise prices – hurting those on fixed incomes, including 31 million seniors, and disproportionately harming low-wage workers, disabled workers, less educated workers.
  • Nearly $300 (21 percent) annual increase in the average household’s energy bill from converting U.S. power supply to 100 percent renewable energy in 10 years – as called for in the Green New Deal.

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