Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes
Posted inBiden, Joseph R Jr Federal Budget (US) High Net Worth Individuals National Debt (US) Tax Credits, Deductions and Exemptions Taxation United States Economy United States Politics and Government

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes

The president proposed trillions of dollars in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on business and the rich
Biden Will Release Dead-on-Arrival Budget, Picking Fight With GOP
Posted inBiden, Joseph R Jr Congressional Budget Office Federal Budget (US) Federal Reserve System House of Representatives McCarthy, Kevin (1965- ) McConnell, Mitch National Debt (US) Powell, Jerome H Republican Party United States Economy United States Politics and Government

Biden Will Release Dead-on-Arrival Budget, Picking Fight With GOP

The president’s plans have little in common with the budget Republicans are set to release this spring, as the nation hurtles toward a possible default on its debt.
Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits
Posted inBiden, Joseph R Jr Committee for a Responsible Federal Budget Congressional Budget Office Federal Budget (US) Health Insurance and Managed Care Inflation Reduction Act of 2022 National Debt (US) United States Economy United States Politics and Government

Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits

The president’s proposals, included in the budget he will release on Thursday, are expected to heavily feature tax increases on corporations and high earners.