President Joe Biden revealed a $6 trillion national budget proposal for the 2022 fiscal year on Friday.
The budget released by the White House combines three major spending proposals already announced by Biden: the $2.3 trillion American Jobs Plan, the $1.8 trillion American Families Plan and $1.5 trillion in discretionary spending for fiscal 2022.
The budget will be focused on expanding social security programs and upgrading U.S. infrastructure while raising taxes on corporations and top income earners.
Sen. Lindsey Graham, the top Republican on the Budget Committee in a tweet noted, “President Biden’s budget is dead on arrival – just like all other presidential budgets.”
Meanwhile, Sen. Minority leader Mitch McConnell said, “President Biden’s proposal would drown American families in debt, deficits, and inflation.”
House Speaker Nancy Pelosi (D-Calif.), for her part said, “The Biden budget makes historic investments in the American workforce and economy. It does so by seizing a once-in-a-generation opportunity to create millions of good-paying Americans jobs, supercharge America’s global competitiveness and power growth for generations to come. After years of severe underinvestment, as our nation recovers from pandemic and economic crisis, now is the time to launch an ambitious and powerful blueprint for success with the American Jobs and Families Plans. We will lower prescription drug costs and strengthen Medicare, Medicaid, and the Affordable Care Act, while taking transformative action for families to lower child poverty and make improvements in housing, childcare and other vital lifelines for families.”
Readers Bureau, Contributor
Edited by Jesus Chan
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