March 10, 2023

Biden’s Budget

President Joe Biden on Thursday unveiled plans for government spending and higher taxes on the wealthy… The president seeks to fund higher spending and narrowing the deficit by imposing a 25% minimum tax on billionaires and nearly doubling the capital gains tax from 20%, the White House said.” Reuters

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From the Right

The right is critical of the plan, arguing that it would drastically increase both taxes and government spending.

From the Left

The left supports the plan, arguing that in order to preserve Social Security and Medicare, tax increases on the wealthy are necessary.

The left supports the plan, arguing that in order to preserve Social Security and Medicare, tax increases on the wealthy are necessary.