Varney: Biden $775B Spending Plan Shows Socialism’s Impact on Dems

July 24th, 2020 1:53 PM

One Fox Business host is letting the Joe Biden camp know what he thinks about his massive leftist spending plans. And he ripped them apart.

Fox Business’s Stuart Varney hammered presumptive Democratic nominee Joe Biden on spending. He targeted Biden’s recently released $775 billion-dollar plan to provide “universal child care and in-home elder care” during Tuesday’s Varney & Co. Varney quipped that “First came the economic plan: Raise taxes and spend trillions.” 

He continued: “Then came the green plan: Kill oil, gas and coal. Zero-emission power generation by 2035. And now, early this morning, Joe Biden released part three of his ‘build back better’ plan —that’s what he calls it — and it is another tax-and-spend bonanza.”

Varney concluded that “the Biden plan is a measure of just how far [to] the far left the Democrats have been dragged by the socialists.”

Watch Varney’s full comments below:



After going through a list of the far-left promises of the Biden plan, Varney brought the utopian idealism back to reality: “Who pays?” Varney answered: “Real estate investors who make more than $400,000 a year. Yes. That’s who Joe thinks should foot the bill.”

The Fox host then identified the consequences of Biden’s plan should it be implemented:

Say goodbye to using real estate losses to limit your tax bill. Say goodbye to rolling over your profit from one property into another without tax. It’s not complicated. If you’re successful and you’ve invested in real estate. Pay up.

Contact ABC News (818-460-7477), CBS News (212-975-3247) and NBC News (212- 664-6192) and demand they ask Biden to defend his leftist plans’ gargantuan price tags.