The budget proposal that Joe Biden will present on Thursday “will reduce the deficit by almost 3,000 million dollars over the next ten years,” said his spokeswoman Karine Jean-Pierre on Wednesday. In 2022, the world’s leading power posted a federal deficit of $1.38 trillion, according to the Treasury Department.
Karine Jean-Pierre said the US president, whose bills will run up against a Congress partly dominated by the opposition, intends to achieve this goal by raising taxes “on the rich and big business and cutting wasteful spending for ‘special interests’.” . like the pharmaceutical and oil giants.
Don’t touch social benefits
Joe Biden had already mentioned in February a bill for a tax on billionaires, which however has little or no chance of success in Congress. This budget project “reveals the values of the president”, insisted the spokeswoman, after Joe Biden already promised not to touch social benefits, and even to strengthen the health insurance system for Americans over 65 years of age.
According to the Washington Post, the Democratic president also intends to increase the salaries of federal civil servants by 5.2%, which would be the largest increase in more than forty years.
The spokeswoman estimated that the projects of the Republicans, the majority in the House of Representatives, would instead lead to an increase of 3,000 million in the deficit.
This battle of numbers is likely to be one of Joe Biden’s campaign axes, if he embarks, as he intends and as everything seems to indicate, on a campaign for the 2024 presidential election.
Source: BFM TV
