President Biden will unveil his budget on Thursday, a proposal that the White House says would reduce the deficit by $3 trillion over 10 years.
Since Congress controls the purse strings — and Republicans control the House of Representatives — the plan is more of a political exercise than a practical roadmap for spending. Rather, it's an opening volley in a high stakes political fight over government funding and the debt ceiling, and is something that Biden can point to during what's expected to be a second run for the White House in 2024.
No matter the party in power, presidential budget proposals are almost always dead on arrival in Congress."It's not gonna happen," said Bob Bixby, executive director of the Concord Coalition, a group that advocates for fiscal responsibility."It's a campaign document." The government would need a plan that cuts the deficit by more than twice what Biden is proposing to keep the debt from rising as a percentage of the economy, Bixby said.The budget will lay out plans to cover the costs for longstanding Biden priorities like child care, universal preschool, and free community college.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Biden challenges Republicans with budget that raises taxes, sets up 2024 runU.S. President Joe Biden will travel to the swing-state of Pennsylvania on Thursday to unveil a federal budget plan laden with spending proposals and higher taxes on the wealthy that will form a blueprint for his expected 2024 re-election bid.
Consulte Mais informação »
How Florida Republicans are central to Ron DeSantis's success in 2024Should GovRonDeSantis announce his 2024 presidential candidacy, a successful Florida legislative marathon with the help of Republican supermajorities in Florida's legislature could give him a political leg up.
Consulte Mais informação »
Michelle Obama for president in 2024?Although Michelle Obama has denied any interest in seeking office, former White House and Pentagon official Douglas MacKinnon said she has the 'it' factor that could maybe beat Trump in 2024.
Consulte Mais informação »
2024 Virginia Poll: Youngkin, DeSantis Lead Biden; Trump in Virtual TieVirginia could be in play for Republicans in 2024 as the state’s Gov. Glenn Youngkin, as well as Florida Gov. Ron DeSantis, lead President Joe Biden in a hypothetical matchup, and former President Donald Trump is in a virtual tie.
Consulte Mais informação »
Stuart Varney: Biden trying to 'clean up the mess he made' ahead of 2024 electionFOX Business' Stuart Varney discusses the impact of Biden's policies on Americans as the president tries to reverse his disastrous policies ahead of the 2024 election.
Consulte Mais informação »
Biden 'loves being the underdog' ahead of 2024, allies sayIn preparation for launching a reelection bid, POTUS's allies say he is taking advantage of his perceived underrated status. “In some ways, he loves being the underdog and being able to prove people wrong at the end of the day,” one Biden ally said.
Consulte Mais informação »