Report: Biden infrastructure plan built on falsehoods
UPDATED 1:35 PM PT – Tuesday, April 6, 2021
Joe Biden seems to be basing his infrastructure plan on a misrepresentation of data. A report from Tuesday revealed Biden’s promise that the massive legislative package would generate 19 million new jobs was based on a flawed understanding of economic projections.
Biden’s claim was based on a Moody’s report, yet analysts pointed out that report estimated almost 17 million of those new jobs would have been created regardless. This means the vast majority of what Biden is promising would not be an effect of his plan at all.
During an interview on Monday, Transportation Secretary Pete Buttigieg addressed those false claims.
“I should be precise about this, so Moody’s modeled a future, a scenario, where the American Jobs Plan is passed,” Buttigieg explained. “In that scenario, they see the American economy creating 19 million jobs, and that’s 2.7 more than if this bill doesn’t pass. So the point is, this will contribute to a scenario where we create that many jobs.”
There would be bipartisan support for a serious, targeted infrastructure plan. Unfortunately, less than 6% of this massive White House proposal would go to roads and bridges. It would spend more on electric cars than on roads, bridges, ports, airports, and waterways combined. pic.twitter.com/WjIvBSwpsg
— Leader McConnell (@LeaderMcConnell) March 31, 2021
GOP lawmakers have criticized the plan, arguing the tax increases would kill jobs and only five percent of its budget would go towards traditional infrastructure.