Biden’s Budget Is Economically Reckless and Socially Clueless
Every year, the president unveils a budget proposal for the federal government that represents (at best) a starting point for negotiations with Congress. At worst, it’s a load of hot air and partisan fan service. President Joe Biden just released his latest budget—and it’s mostly the latter.
Still, it sure sounds good on the surface level. The White House says its budget will “help families breathe a little easier” by “investing in America, lowering costs for families, protecting and strengthening Social Security and Medicare, reducing the deficit, and more.” Oh, and it’ll supposedly do it all by only raising taxes on “the rich” and big corporations. What’s not to love?
Well, a lot, actually, once you look beneath the surface.