March 23, 2023

Rocky Daily News

Colorado Politics-Sports-Business-Weather

Biden budget aims to cut deficits nearly $3 trillion over decade

1 min read


The president has suggested that tax increases on the country’s wealthiest households can bolster government programs.

WASHINGTON — President Joe Biden’s upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, the White House said Wednesday.

That deficit reduction goal is significantly higher than the $2 trillion that Biden had promised in his State of the Union address last month. It also is a sharp contrast with House Republicans, who have called for a path to a balanced budget but have yet to offer a blueprint.

The White House has consistently called into question Republicans’ commitment to what it considers a sustainable…

2023-03-08 16:21:14

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