Congress · 117th Congress
Manchin: Deal’s tax increases won’t hurt businesses, raise prices
“Enough’s enough for the one-tenth of 1 percent of the wealthiest people in the country having an advantage. So I’m hoping everybody’s OK.”
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“Enough’s enough for the one-tenth of 1 percent of the wealthiest people in the country having an advantage. So I’m hoping everybody’s OK.”
President Joe Biden submitted his budget proposal for the fiscal year that begins Oct. 1 on Monday morning, which will set the tone for the legislative scramble ahead of midterm elections in November.
The net effect could be somewhere in the ballpark of $500 billion to $1 trillion in paper deficits, which would mean a still-hefty $2.5 trillion to $3 trillion worth of necessary offsets for the