REPORT: Biden’s Climate Plan Would Cost Nearly $7 TRILLION Over 10 Yrs

Joe Biden, Obama’s former Vice President who has emerged as a frontrunner in the race for the Democratic 2020 nomination, has recently unveiled his plans to combat climate change, should he be victorious in the upcoming election.

However, new reports indicate that Biden’s plan would cost approximately $6.7 trillion dollars over the next ten years – a cost which would prove unsustainable under any circumstances.

Biden’s sweeping plan to target climate change has been seen by many as a rush to embrace the policies of younger, far-left Democrats, and has drawn mounting scrutiny since its release.

From The Daily Caller:

Former Vice President Joe Biden called for repealing tax laws that “reward work not wealth” in what seems to be another gaffe in his newly-released climate change plan.

Biden, the current Democratic presidential front-runner, unveiled his climate change plan Tuesday, which aims to achieve net-zero emissions by 2050. Biden’s climate plan calls for $6.7 trillion over a decade.

Biden said the plan would be paid for by reversing the “excesses” of the tax cuts President Donald Trump signed in 2017 and “closing other loopholes in our tax code that reward work not wealth.”

Biden’s campaign likely meant to say it wanted to close loopholes that reward “wealth not work,” and not that it favored taxing labor more than wealth.

Many Democrats running for president in 2020 have released their own far-reaching, climate change plans amid pressure from environmentalists. In releasing his plan, Biden paid lip service to the Green New Deal, championed by New York Democratic Rep. Alexandria Ocasio-Cortez and far-left activists.

However, reporters quickly discovered Biden’s climate plan used nearly identical to outside activists and even a government website. The Daily Caller News Foundation identified at least five instances of Biden’s campaign using nearly identical language as activists.