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Biden unveils ‘blue-collar’ budget plan with tax hikes for America’s wealthiest


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Blueprint – unlikely to pass given Republicans’ control of House of Representatives – frames president’s aspirations for re-election

Joe Biden on Thursday unveiled his budget, a sprawling plan that the White House says reflects the president’s commitment to creating a fairer economy while challenging Republicans who are demanding steep cuts to federal spending programs.

The $6.8tn budget request, the third such request of Biden’s presidency and the first to a divided Congress, is effectively dead on arrival with Republicans in control of the House, and sets the stage for a high-stakes showdown over the nation’s finances. Even so, it frames the president’s policy aspirations ahead of his expected campaign for re-election in 2024.

Continue reading…Blueprint – unlikely to pass given Republicans’ control of House of Representatives – frames president’s aspirations for re-electionJoe Biden on Thursday unveiled his budget, a sprawling plan that the White House says reflects the president’s commitment to creating a fairer economy while challenging Republicans who are demanding steep cuts to federal spending programs.The $6.8tn budget request, the third such request of Biden’s presidency and the first to a divided Congress, is effectively dead on arrival with Republicans in control of the House, and sets the stage for a high-stakes showdown over the nation’s finances. Even so, it frames the president’s policy aspirations ahead of his expected campaign for re-election in 2024. Continue reading…