WTF Community

Day 778

1/ Biden’s budget blueprint aims to cut federal budget deficits by nearly $3 trillion over the next decade. As part of the budget, Biden wants to increase the Medicare payroll tax on people making more than $400,000 per year, as well as impose a tax on households worth more than $100 million. Biden will release his fiscal 2024 budget plan tomorrow and has faced pressure to cut spending by House Republicans, who have refused to raise the nation’s debt limit – setting up the risk of a national default. House Republicans, however, have yet to offer a blueprint to balance the federal budget, but nevertheless are reportedly planning to pursue cuts to the foreign aid budget, as well as health care, food assistance, and housing programs for poor Americans. (Associated Press / Wall Street Journal / New York Times / CNN)

This is a companion discussion topic for the original entry at
1 Like

This topic was automatically closed 15 days after the last reply. New replies are no longer allowed.