Biden’s new $5.8 TRILLION budget plan includes much more spending, more taxes

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On Monday, President Biden revealed his new proposals for the federal budget for 2023. They included some $5.8 trillion in spending, and heavy tax hikes for America’s wealthy.

“Budgets are statements of values,” tweeted the president. “The budget I am releasing today sends a clear message: we value fiscal responsibility, safety and security at home and around the world, and the investments needed to continue building a better America.”

Biden claims that his plan will also, over the next decade or so, act to bring down the national deficit, according to The Hill.

Interestingly, Biden’s proposals make no mention of his previous and controversial  “Build Back Better” program in any way, shape or form. Specifically, it appears to take a different approach, including in its place “a deficit neutral reserve fund as a placeholder for a future agreement between the administration and Congress.”

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