• slot dana
  • slot deposit dana
  • link slot dana
  • main slot dana
  • slot deposit via dana 10 ribu
  • slot via dana
  • slot deposit via dana 5000
  • daftar slot dana
  • slot
  • slot gacor
  • slot online
  • slot88
  • slot pulsa
  • slot deposit pulsa
  • slot deposit pulsa tanpa potongan
  • slot88
  • bapautoto
  • slot
  • slot online
  • slot gacor
  • rtp slot
  • link game slot
  • rtp slot
  • slot online
  • rtp live
  • rtp slot gacor
  • slot gacor
  • rtp live update
  • link rtp slot
  • Biden budget aims to cut deficits nearly $3T over 10 years - US Business News
    Home » Biden budget aims to cut deficits nearly $3T over 10 years

    Biden budget aims to cut deficits nearly $3T over 10 years

    by Oliver Emma


    President Joe Biden’s upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, the White House said Wednesday.

    That deficit reduction goal is significantly higher than the $2 trillion that Biden had promised in his State of the Union address last month. It also is a sharp contrast with House Republicans, who have called for a path to a balanced budget but have yet to offer a blueprint.

    The White House has consistently called into question Republicans’ commitment to what it considers a sustainable federal budget. Administration officials have noted that the various tax plans and other policies previously backed by GOP lawmakers would add more than $2.7 trillion to the national debt over 10 years.

    Biden intends to discuss his budget proposal on Thursday in Philadelphia. The Associated Press reported the deficit reduction goal earlier Wednesday, citing an administration official speaking on the condition of anonymity.

    “This is something we think is important,” White House press secretary Karine Jean-Pierre said in confirming the president’s plan. “This is something that shows the American people that we take this seriously.”

    As part of the budget, the president already has said he wants to increase the Medicare payroll tax on people making more than $400,000 per year and impose a tax on the holdings of billionaires and others with extreme degrees of wealth.

    It’s a delicate time with the U.S. economy on edge because of high inflation. The government this summer is likely to exhaust its emergency measures to keep Washington running, setting up the risk of a default on payments along with cataclysmic series of job losses that could crash the economy.

    See also  At the Parrish Museum, a ‘reimagined concept’ for its café

    Biden’s package of spending priorities is unlikely to pass the House or Senate as proposed. Senate Minority Leader Mitch McConnell, R-Ky., said Tuesday that the plan “will not see the light of day,” a sign that it might primarily serve as a messaging document going into the 2024 elections.

    Republicans, newly in control of the House, are demanding sharp spending cuts. Biden has suggested that tax increases on the earnings and holdings of the country’s wealthiest households can bolster government finances and also improve Medicare and Social Security.

    The president contended in a Monday speech that there are 680 billionaires in the United States and that many of them pay taxes at a lower rate than do families who think of themselves as being in the middle class. Biden said not to hold him to the precise number of billionaires, but that they could afford to pay more for the good of the country.

    “No billionaire should be paying a lower tax rate than a fire fighter — nobody,” Biden said at a gathering of the International Association of Fire Fighters.





    Source link

    https://erdams.fkm.umj.ac.id/slot-dana/https://plp.fkip.unigal.ac.id/slot-gacor/https://www.karir.piksi.ac.id/slot-deposit-pulsa/http://simpeg-bkpsdm.ternatekota.go.id/rajaslot/http://bala-wera.bimakab.go.id/slot-deposit-pulsa/slot shopeepayhttps://unicauca.edu.co/revistas/slot-dana/https://store.imtime.ru/js/https://rajawin303.com/https://rtprajawins.com/https://nicholasmarkets.com/slot-deposit-pulsa/slot gacorhttps://rtpbosslot.com/https://bosslot99.com/casino onlineslot gacorhttps://piksi.ac.id/slot-gacor-4d/https://pertanian.luwutimurkab.go.id/wp-content/slot-gacor/https://damkar.luwutimurkab.go.id/wp-content/uploads/slot88/https://journal.sbm.itb.ac.id/public/slot-gacor/https://sistem-lppm.univbinainsan.ac.id/files/
    https://kacafilm21.org/ kacafilm21 layarkaca21 d21 lk21 https://rebahin.bio/ rebahin https://otakunime.xyz/ otakunime https://juraganfilm21.net/ juraganfilm21 juraganfilm https://fn-devops-westus-prod.aes-devops.eventscloud.com/ https://curesign-th-test.fujifilm.com/ https://artdaily.com/nexus-slot/ nexus slot https://portal.qa.waldenu.edu/ http://cpto.ujep.cz/nexus-slot/ nexus slot https://kryeministri-ks.net/ slot gacor slot online slot88 judi bola https://oldcarandtruckpictures.com/ nexus slot https://sense.mtu.edu/agen-slot/ agen slot slot gacor https://sense.mtu.edu/nexus-slot/ nexus slot https://sense.mtu.edu/situs-slot-gacor/ situs slot gacor
    Slot DanaSitus Togel TerpercayaSlot Deposit Pulsa Tanpa PotonganSlot PulsaSlot Deposit Pulsa Slot Gacorslot deposit dana