Like the president’s previous budgets, his latest proposal made no mention of any tax or spending increases linked to the program, which he had promised to shore up during his 2020 campaign.
Tag: United States Economy
-
Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes
The president proposed trillions of dollars in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on business and the rich
-
Why Poverty Persists in America
A Pulitzer Prize-winning sociologist offers a new explanation for an intractable problem.
-
Biden Will Release Dead-on-Arrival Budget, Picking Fight With GOP
The president’s plans have little in common with the budget Republicans are set to release this spring, as the nation hurtles toward a possible default on its debt.
-
Here’s What the Fed Chair Said This Week, and Why It Matters
Jerome H. Powell, the Fed chair, opened the door to a more aggressive policy path — but emphasized that it depended on incoming data.