From the Editorial Board: President Biden’s proposed budget blueprint reads like a guide not only to running the government but also to running a reelection campaign.
President Joe Biden talks about his 2024 budget proposal at the Finishing Trades Institute, March 9, 2023, in Philadelphia.
But Biden isn’t backing down, he says, and, so far, he has little reason to do so. Despite his espoused refusal to negotiate the debt ceiling, which limits the money the federal government may pay on the debt it already borrowed, he came very close to doing so in late January when he responded to a reporter’s question with this eyebrow-raising challenge to House Speaker Kevin McCarthy:So far, the Republicans have declined to show theirs, if they have one.
The budget plan that the president unveiled Thursday — in the politically charged atmosphere of a union training center in Philadelphia — offers 182 pages of policy proposals, charts and data, as if he was making an initial offer for negotiations between the parties aimed at reaching a compromise, a word that we have heard too little in Washington in recent years.
Biden scored points with his supporters by goading Republicans into an impromptu debate during his State of the Union address.Although Republicans strongly objected, Biden brought attention to the truth: Some leading Republicans were looking for ways to cut costs and spending for Social Security, but by calling attention to it, Biden probably moved such cuts to the popular program off the table for the foreseeable future.
The GOP has no counter-offer so far, other than to flatly reject Biden’s proposal for tax increases on the wealthy, a policy that could be central to Biden’s as-yet-undeclared campaign for reelection. Not left untouched are people worth more than $100 million. They would be subject to a new 20% minimum tax — and the wealthiest 0.01% of Americans would be hit with a 25% minimum tax on all income, including their appreciated assets.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Sen. Scott Wiener’s second attempt to pull the wool over the eyes of tax-weary votersOpinion: Sen. Scott Wiener’s second attempt to pull the wool over the eyes of tax-weary voters
Weiterlesen »
Editorial: Plan to close Texas Vista Hospital a stark reminder of medical access inequitiesSteward Health Care wants Bexar County and county-owned University Health to come to its rescue — but it isn’t going to happen. Nor should it.
Weiterlesen »
Editorial: Newsom, Bonta and the righteous fight to block Huntington Beach's NIMBYismAll cities in California have a responsibility to make room for more housing to fix the state's crippling shortage. Even this outspoken coastal town.
Weiterlesen »
Creative fixes needed to end costly bureaucratic hurdles for SNAP, other benefits: editorialRegarding the troubling disconnect between food aid needs and call-center capabilities, Rachel Cahill, a SNAP expert working with the Center for Community Solutions, said it best: “We need to be doing what we can locally to take this problem seriously and acknowledge the harm that’s being done to our citizens as long as this problem is as severe as it is,” writes the editorial board of The Plain Dealer and cleveland.com today.
Weiterlesen »
Sadly, sexual harassment is still a top issue for Women’s History Month | PennLive EditorialSexual harassment has been a long-standing obstacle for women trying to pursue political careers in Pennsylvania.
Weiterlesen »