Assessing the Price Tag of Biden’s White House Budget: Tax Increases and the Battle Over Debt Limit
This week, President Joe Biden released his third budget, and it’s already making headlines. Biden has been previewing the budget, and he’s not shying away from the fact that it includes tax increases. At an event in Virginia last week, he stated, “I’m going to raise some taxes” while emphasizing the need to protect Social Security and Medicare. Biden’s budget is poised to become a point of contention in the struggle between Democrats and Republicans over how to raise the debt limit. Biden seems to believe that a budget with tax increases will help Democrats win the messaging battle. But what exactly is in the budget, and how will it affect Americans? For more information, Lars speaks with Kurt Couchman, Senior Fellow in Fiscal Policy, Americans for Prosperity.