President Joe Biden will promote his upcoming budget in Philadelphia, a sign that his budget proposal will be a form of political messaging, not just an outline of the government's finances.
, a sign that his budget proposal will be a form of political messaging, not just an outline of the government's finances
His trip to Philadelphia on Thursday is a sign that the president's budget proposal will be a form of political messaging, not just an outline of the government's finances. "Much of what we're doing is about your right to be treated fairly, with dignity and with respect," Biden said in his remarks to the International Association of Fire Fighters. "Part of that is making a tax system that's fair. We can make all these improvements and still cut the deficit, if we start making people pay a fair share."
His proposal is in some ways far more ambitious than what he proposed in 2021, when his budget would have reduced the debt by $1 trillion over 10 years relative to projections. Arrington also included rescinding money tied to a "woke" agenda, as the GOP's cultural and economic messaging have merged. He would eliminate $60 billion from the EPA that would go for environmental justice programs and get back $3.6 million meant to extend the Michelle Obama Trail in Georgia.
As Swagel outlined it, the political tradeoffs are clear. There could be $670 billion to $1.2 trillion that could be raised by removing the caps on the payroll taxes that fund Social Security. But the GOP opposes tax hikes and the increase would violate Biden's promise to only raise taxes on those earning more than $400,000.
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