Biden’s Budget Blueprint
Update: 2024-03-26
Description
In the context of the 2024 election year, what does President Biden's 2025 budget proposal signify regarding his strategies and priorities as he seeks reelection? And how could these proposals shape the overall landscape of this election cycle?
Garrett Watson, Senior Policy Analyst and Modeling Manager at the Tax Foundation, joins Kyle Hulehan to discuss the president’s plan—from raising the corporate tax rate to implementing a billionaires' tax—and the longstanding flaws in the budget process.
Links:
- Taxing Consumption Progressively Is a Better Way to Tax the Wealthy
- How Taxing Consumption Would Improve Long-Term Opportunity and Well-Being for Families and Children
- Tax Calculator: How the TCJA’s Expiration Will Affect You
- Details and Analysis of Making the 2017 Tax Reforms Permanent
- How to Rein in the National Debt
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