Biden’s third budget, unveiled today by the White House, proposes tax hikes on the wealthiest Americans and corporations, the most funding ever for the military and $3 trillion in deficit-slashing policies over a decade.
In the Senate, Democrats are undecided on whether to introduce their own budget, arguing that the onus is on House Republicans to detail their preferred cuts.
The budget would also allow Medicare to negotiate the cost of more prescription drugs, funneling about $200 billion in savings into the program. “Everything else that the federal government does would have to be completely zeroed out and eliminated for them to balance the budget and not touch Social Security, Medicare, defense and veterans,” he said in an interview.
“As the agency with lead responsibility for protecting our nation’s borders, transportation systems and cyber security, this is an unacceptable proposal,” the aide said.
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