Slashing Biden's spending bill to $1.5 trillion would mean 2 million fewer jobs each year, according
to progressive economic think tank
As Democrats continue to squabble over the final cost of President Joe Biden's massive spending bill, new research shows the ultimate price tag will play a long-lasting role in US employment numbers.
Slashing the proposed $3.5 trillion package to $1.5 trillion - a figure centrist Sen. Joe Manchin has repeatedly demanded - would result in nearly 2 million fewer jobs per year, according to
Economic Policy Institute, a progressive think tank.
EPI visiting economist Adam S. Hersh determined that acquiescing to Manchin's demands would have a significant impact on his home state of West Virginia, in addition to the country as a whole.
West Virginia would see 9,880 fewer jobs under Manchin's proposed $1.5 trillion bill, according to Hersh, which constitutes 1.33% of the state's total employment. Cuts to the spending would mean 900 fewer manufacturing jobs, 400 fewer construction jobs, and 3,800 fewer health care and social assistance jobs, the institute said.
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