April 27, 2021
AAF Research Examines the Growth Proposition of the American Jobs Plan
In tomorrow’s address to Congress, President Biden will tout his American Jobs Plan as well as explain his new American Families Plan. Biden campaigned on these proposals, and the American Action Forum recently released research modeling the economic impact of his campaign’s plan. While the president claims that new infrastructure spending in the American Jobs Plan will spur the economy, this research indicates that the damage from new taxes will likely outweigh the benefits of the plan’s new infrastructure, even under the most favorable conditions.
Other research and insights relevant to tomorrow’s speech:
An Infrastructure Plan for the Economy – AAF President Douglas Holtz-Eakin explains what a more pro-growth infrastructure plan would look like.
Childcare and Returning to Work – AAF’s Director of Labor Market Policy Isabel Soto explains why federal childcare policy should seek to give parents maximum flexibility.
The Fiscal Implications of the FAMILY Act: How New Paid Leave Benefits Increase Leave-Taking and Drive Up Estimated Program Costs – A new federal paid-leave program would likely cost far more than estimates project.
How Children Benefit from Paid Family Leave Policies – AAF’s Director of Human Welfare Policy Tara O’Neill Hayes examines the research about how paid leave programs affect children.
Assessing Biden’s “Caring Economy” Proposal – O’Neill Hayes and Soto analyze then-candidate Biden’s proposal to expand childcare and long-term care, noting that the spending outstrips any new proposed revenue.