Posted: Nov 25, 2021 12:01 AM
The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Editor’s note: Samuel Mangold-Lenett authored this column.
Earlier this month, with great fanfare on the left and right, Biden signed a Bipartisan Infrastructure Deal (BIF), calling it “a once-in-a-generation investment in our nation’s infrastructure and competitiveness.”
Too bad it will provide no meaningful relief to the American people.
BIF was sold to the public under false pretenses, and if anything, it will only exacerbate the current economic crisis, worsening inflation and restricting private sector growth. In addition, it implements policies that negatively impact the non-affluent and provides the wealthy east and west coasts — which tend to be Democratic safe havens — with disproportionate tax relief.
Members of Congress worked to popularize BIF by assuring the American public that it would be fully financed so as not to increase the federal deficit, that it would not raise taxes, and that it would create lots of blue-collar jobs.
These selling points are largely untrue.
About half of the infrastructure package is