Category: FY 2023 Budget Proposal

Is Biden’s Budget Proposal Fiscally Sound?

April 1, 2022
Business & Economydeficit spendingeconomic policieseconomyExecutive BranchFY 2023 Budget ProposalJoe BidenPolicies & ImpactsPoliticsUSUS News
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President Joe Biden is advertising his 2023 budget proposal as being fiscally solvent, but critics say claims that it lowers the deficit are misleading. When Biden first announced the budget plan Monday he listed “fiscal responsibility” as its first value, noting a more than $350 billion cut to the deficit last year and a projected…

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‘Billionaire Tax’ Expands Taxable Income, Should Be Dead on Revival Say Critics

March 30, 2022
16th amendment2022 Budget2022 Midterm ElectionsBiden budgetbillionaire taxCapital gainscapital gains taxcongressDemocratseconomyExecutive BranchFY 2023 Budget Proposalincome taxesPolicies & ImpactsPoliticsRep. Jason SmithRepublicansSen Ron Wydentax the richtaxesunrealized capital gainsUSUS News
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President Joe Biden’s proposed “billionaire tax” may sound good to many voters, but it is fraught with vagaries that could redefine—and expand—the nation’s tax code, according to first-look analyses across a range of publications and sites, from The Wall Street Journal to the Heritage Foundation. The tax proposal was included within Biden’s $5.8 billion Fiscal…

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