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Home Front: Politix
Biden pitches $5.5T in tax hikes, fed worker pay raise in budget proposal
2023-03-10
[NYPOST] President Joe Biden
...... 46th president of the U.S. I'm not working for you. Don't be such a horse's ass. Don't say he didn't warn us......
’s annual budget plan calls for roughly $5.5 trillion in tax increases over the next decade to offset proposed spending increases — including a massive 5.2% federal worker pay raise.

The package, to be announced later Thursday, is headed for certain defeat in the Republican-held House of Representatives and comes as the GOP demands spending cuts without new taxes in a standoff with Biden over raising the federal debt ceiling later this year.

"This is the start of a healthy dialogue," White House budget director Shalanda Young told news hounds on a morning conference call.

"We will see tax policies here that say to the richest Americans and the largest corporations ... that you have to begin to pay your fair share," she said.

But Young faced a grilling from journalists over criticism that hiking taxes could hurt the economy.

"Republicans will look at the $5.5 trillion in tax increases in this plan and say that those will hurt growth," one said. "What would your response be on that growth question?"

Young said the changes would ensure that "we can continue to invest in working families in this country and we can continue to make sure the middle class can prosper all while being fiscally responsible, bringing down the deficit by nearly $3 trillion."

Posted by:Fred

#8  There were tossing out taxing "unrealized capital gains" again, if you missed it.
Posted by: mossomo   2023-03-10 16:44  

#7  Presidential Budgets are meaningless for either party. Mostly virtue signaling from Biden.
Posted by: Ebbuger Whuque4103   2023-03-10 12:36  

#6   ^ Don't defund the police. Defund the FBI...and the CIA. How much money could we save that way?
Posted by: Abu Uluque   2023-03-10 10:16  

#5  Biden skewered for claiming Republicans call for ‘defunding the police department’: 'Bad standup routine'
Posted by: Skidmark   2023-03-10 09:02  

#4  Well, how else are we gonna fund Ukraine's the Uniparty's retirement system?

FIFY DooDah
Posted by: Warthog   2023-03-10 08:52  

#3  Well, how else are we gonna fund Ukraine's retirement system?
Posted by: DooDahMan   2023-03-10 07:04  

#2  Is there anything this man cannot bugger up ?
Posted by: Besoeker   2023-03-10 03:09  

#1  Well, Shalalalanda got most of the lefty / Dem buzzwords in; good work, token!
Posted by: Raj   2023-03-10 01:04  

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