President Biden’s new $6.8 trillion budget would impose a whopping $5.5 trillion in tax hikes and push federal spending roughly 55% higher than pre-pandemic levels, including a 15% boost for the IRS that would be added on top of the agency’s current massive funding increase.
is requesting an additional $1.8 billion for the agency in 2024, boosting the agency’s overall funding to $14.1 billion — a 15% increase from the more than $12 billion approved for the agency in December.spending is a non-starter. Speaker Kevin McCarthy said the entire budget proposal was “unserious” and could not muster support within the Republican-controlled House.
“Joe Biden’s budget proposal will be as popular with the House GOP as Pete Buttigieg is with the people of East Palestine, Ohio,” said Rep. Ben Cline, a Virginia Republican who serves on the House Appropriations Committee.understands about families and businesses struggling under high inflation and declining real wages.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Congress Unanimously Approves the Covid Origins Bill; Next Stop: President Biden’s DeskIf he vetoes the bill, Biden “ought to consider the irreparable damage it will cause our ability to restore public trust in government,” a group of Republicans wrote.
Read more »
Selma Foot Soldiers Meet President Biden During Jubilee - Alabama NewsTwo Selma residents had a close encounter with the President. And neither of them was a high-ranking elected official.
Read more »
PolitiFact - No, President Joe Biden isn’t in the Guantanamo Bay detention campA recent Facebook post presenting eight photos of President Joe Biden claims that he’s incarcerated at the U.S. military
Read more »
New Jersey Gov. Phil Murphy denies 2024 rumors, says he's '1,000% behind President Biden'New Jersey Gov. Phil Murphy denied having any 2024 prospects, saying he was '1,000% behind President Biden' if he chooses to run for re-election.
Read more »
What President Biden and Republicans are saying about funding MedicareNPR's Michel Martin speaks with Kaiser Health News correspondent Julie Rovner about the politics of Medicare ahead of debt ceiling talks in Washington.
Read more »