- 28 May 2021
- by Peter Wade
President Biden released a $6 trillion budget proposal for the coming year that includes new social safety net programs paid for by increasing taxes on corporations and the rich.
See full article at Rolling Stone
Although usually the president’s budget is largely ignored by Congress, it is an opportunity for the administration to articulate its priorities and make political statements. Once proposed, Congress then holds hearings on the budget and passes tax and spending legislation. Even with Democrats in control of both chambers, Biden’s budget still faces steep GOP opposition.
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