Biden’s $6 Trillion Budget Plan Faces GOP OppositionEpoch Times, United States politics | The Epoch Times

President Joe Biden on Friday sent Congress a $6 trillion budget proposal that would spend big on infrastructure, climate change, and social welfare packages, while creating projected deficits of at least $1.3 trillion per year until 2030. If passed, the plan, which faces strong opposition from Republican lawmakers, would become the biggest sustained government spending since World War II. Biden in the budget message argued against “trickle-down economics” as he laid out his administration’s investments that calls for some $6.01 trillion in spending, bringing together the $2.3 trillion American Jobs Plan and the $1.8 trillion American Families Plan he had already announced, as well as about $1.5 trillion in discretionary spending for fiscal 2022, and other mandatory spending programs. The blueprint maps out some $4.17 trillion in revenues, thereby projecting a $1.84 trillion deficit—a sharp decrease from the past two years because of the COVID-19 pandemic—but up from 2019’s $984 billion. The American Families Plan consists …Read More

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