Alternative Vision: Proposed Cuts to Taxes and Federal Spending Challenge President Biden’s Tax Increase Plan
The president aims to raise federal taxes by $4.7 trillion and increase spending by $1.8 trillion over the next decade, stating that this plan would reduce the 10-year deficit by $2.9 trillion. The focus in Congress has shifted from resolving the federal debt ceiling “crisis” to addressing the federal budget for the fiscal year 2024,…