Salem Radio Network News Tuesday, June 15, 2021

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President Biden’s newly announced budget is built on higher taxes and deficit spending

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President Biden’s newly announced budget is built on higher taxes and deficit spending

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The president wants to spend 6 trillion dollars next year on huge new social programs like universal prekindergarten, large subsidies for child care, and guaranteed paid leave, among other things. Tax hikes on corporations and the wealthy won’t pay for it all, which will result in borrowing about 50 cents of every dollar the government spends. Republicans are not impressed. GOP Senator Lindsey Graham, the top Republican on the Budget Committee, calls it “insanely expensive” and says “the Biden budget isn’t serious.” GC, Wash.

 

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