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

Click here to read the full article.

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.”

Continue reading here.

Scroll down for comments and share your thoughts!

Author

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Biden Proposing 20% Min Tax on Wealthy; Yield Curve Inverted, Recession on the Way? | NTD Business

Chris Rock Not Pressing Charges Against Will Smith After Apparent Oscars Slap: LAPD