A pretty penny: Cost ofBiden infrastructure plan may not matter

There are times when Americans are concerned with the national debt. Now is not one of them.

US President Joe Biden has unveiled another significant spending proposal and there is the predictable blowback from Republicans on how it will be paid for. Biden announced on Wednesday that his $2 trillion-plus infrastructure plan, if passed as proposed, will be offset by increased corporate taxes. Republicans, fans of lower taxes, have lashed out at that and on the potential the plan has to add to the country’s national debt, which stands at $28 trillion and counting. When asked on Wednesday if he would consider supporting the proposal, Senate Minority Leader Mitch McConnell told reporters in Kentucky, “If it’s going to have massive tax increases and trillions more added to the national debt, it’s not likely.”