A new version of a meme accusing "fiscal conservatives" of hypocrisy has surfaced on social media, but does the math add up?
The administration is calling on Congress to enact a 20 percent minimum tax on households worth $100 million or more.
The tax proposed in the new budget applies to those with more than $100 million, what the administration estimates is the wealthiest 0.01 percent of Americans.
Over several months, lawmakers have struggled to work on a real annual federal spending plan, as Democrats claim Republicans have resisted engaging in serious talks that would advance the effort.
The U.S. Senate has kickstarted budget talks but face long and shaky road before final deal is reached.
The U.S. budget deficit hit a record $2.06 trillion, up from $1.88 trillion during the same period the previous year. Spending between October and May is up almost 20% compared to the same time last year.
The New York Times first obtained documents about the budget request, reporting that Biden will call for total spending to rise to $8.2 trillion by 2031 with deficits topping $1.3 billion throughout the decade.
President Joe Biden is set to release his first budget wish list before members of Congress return next week, giving insight into his policy agenda and marking his stark departure from former President Donald Trump's priorities.
At a time when the world needed collaboration across borders to control the pandemic, U.S. militarism led to the opposite.
GOP defectors have blasted the deal for adding $320 billion to current spending levels, a figure that contradicts their years of harping against deficits and debts.
The president needles Democratic criticism of his infrastructure plans, but Republicans are skeptical, too.
For all the wailing about defense austerity deals, spending caps were raised every year.
Passage of the deal lifts the threat of a default on government debt through the end of Obama's presidency.
Boehner is a rogue agent negotiating on behalf of special interests, not the voters.
The deficit is at its lowest level since 2008.
By refusing to negotiate a budget deal, Republicans are playing a game of chicken with our safety.