President Biden will release his federal budget, which he’s described as a “blue-collar blueprint” to shrink the deficit, invest in American families, and raise taxes on fossil fuel companies and the ultra-wealthy.
Wednesday. “Ours says we can grow the economy while strengthening programs millions rely on.” It stands virtually no chance of passing the divided Congress as is. But the plan could drive home a key point in his budget battle with Republicans: that they have no such plan of their own. “There’s a vision here and there’s a contrast,”CNN. “You can be fiscally responsible and invest in the American people, or you can pull the rug out from people by going after programs that people absolutely need.
The proposal, which the president will put forth in the swing state of Pennsylvania, is in no small part a reelection pitch—a renewed push for the ambitious agenda that helped him win the White House in 2020, but which has at times run into political walls in Washington. It’s also a salvo in his current budget fight with House Republicans, who have forced a standoff with the administration over the debt ceiling.
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