In his plan, Biden is overtly declaring that the wealthy ought to shoulder a heavier tax burden.
that he plans to release on Thursday in Philadelphia. Pushing the proposal through Congress will likely be difficult, with Republicans in control of the House and Democrats holding only a slim majority in the Senate.
"The Biden tax hikes will raise the cost of goods and services for everyone, and make American workers and businesses less competitive internationally and vs. China," Norquist said. White House press secretary Karine Jean-Pierre declined to discuss the numbers behind the budget plan. She told reporters at Tuesday's briefing that she would not "dive into the math," but that Biden's proposal on Thursday "will be very detailed and transparent."
Republicans have denied that they plan to cut the program. A proposal from Sen. Rick Scott, R-Fla., that would require Congress to reconsider all federal laws every five years, including Medicare, has gotten little traction. Biden's plan is also intended to close what the White House describes as loopholes that allow people to avoid Medicare taxes on some income. Besides the taxes, Biden wants to expand Medicare's ability to negotiate drug costs, which began withThe White House said its budget plan would expand the pharmaceutical drug provisions of the Inflation Reduction Act.
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