On the recordJune 9, 2021
you might have missed it, but without much fanfare, the White House quietly released the President's budget on the Friday before a holiday weekend. Maybe we weren't supposed to notice the plan at all, but the contents make it impossible to ignore. President Biden is proposing higher taxes on working Americans and cuts to our national defense to pay for a massive expansion of the Federal Government, an enactment of the radical progressive demands, like parts of the Green New Deal. What can't be paid for is simply put on the Nation's ``credit card,'' adding trillions of dollars of red ink. President Biden's budget can be summed up like this: higher taxes, higher spending, and higher debt. And don't take my word for it. The New York Times wrote that Biden's $6 trillion budget would ``push federal spending to its highest sustained levels since World War II.'' Under the Biden budget, by 2028, Washington will collect more tax revenue as a portion of our economy than at nearly any point over the last 100 years. This tax-collecting scheme even includes a retroactive tax increase. That is right, folks, you may owe higher taxes on past earnings. Plus, the President would allow the tax cuts for lower income and middle-class Americans to expire in 2025, and the result will be higher taxes for most Americans.…
Source
govinfo.gov




