President Biden's proposed American Jobs Plan could cost taxpayers upward of $666,000 per job created, according to analysis by The Washington Post and CNN.
The plan, which is slated to cost $2 trillion, will help create 2.7 million jobs. That number comes from analysis by Moody's Analytics, which found that the plan would add nearly 3 million jobs to the roughly 16 million jobs that would have been created even if the plan was not enacted.
This figure would put the cost per job at $666,666 if a rounded-up 3 million were created. If the estimated 2.7 million jobs were created, the cost to taxpayers would total $740,740.
🔦 House Speaker Nancy Pelosi has said that House Democrats hope to finalize the legislation by July 4.