Biden Proposes Taxing Billionaires, Rest of Budget Kinda Sucks

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Biden Proposes Taxing Billionaires, Rest of Budget Kinda Sucks
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President Biden's new budget proposal taxes the super rich, inflates our defense and police spending and fails to cancel student loans.

and a whopping $33.2 billion for law enforcement, crime prevention and community violence intervention programs. And if that seems suspect to you, fret not, because police “reform”—whatever that even means anymore—is still very much on the menu, with $367 million allocated for the Justice Department’s budget to support it, along with prosecution of hate crimes and the regulation of voting rights.

Yet another bone—albeit a far smaller one—Biden is tossing at progressives is $50 billion toward climate change programs. Healthcare, on the other hand, remains a hopeless endeavor for anyone hoping the president will recognize it as a human right as opposed to an employment bonus. Biden didn’t have much to offer on the issue, with the exception of $5 billion for an advanced health-research agency for cancer, diabetes and dementia research and an “expansion” of mental health services.

Speaking of healthcare, as for the enduring, evolving coronavirus pandemic—a new, more contagious variant of which has—Biden allotted $40 billion for the development and manufacturing of vaccines, treatments and tests aimed at “future” threats.

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