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Biden whispers it’s ‘not right’ billionaires don’t pay more in taxes, blames Trump for ‘fiscal mess’

Biden whispers its not right billionaires dont pay more in

Joe Biden’s $5.8 trillion budget for fiscal year 2023 includes many progressive agenda items such as clean energy and climate initiatives, but will also alienate that branch of the Democratic Party by providing additional funding for law enforcement.

The president announced his proposal for funding for next year starting in October Monday afternoon, which was sent to Congress for review. Rarely does an implementation budget get through the legislative process without at least some changes.

Biden was joined by newly sworn Office of Management and Budget (OMB) director Shalanda Young for his comments on announcing the proposed budget.

The proposal is unrealistic, according to the chairman of the Taxpayers Protection Alliance David Williams.

“With spending AND tax increases, Biden’s 2023 budget is not based on any kind of fiscal reality,” Williams told DailyMail.com. “We live in a strange world when the president brags about a $1.4 trillion deficit. Continued spending increases will increase inflationary pressures and the tax hikes proposed in the budget will weaken investment and job growth.”

“The budget includes a wealth tax that would fundamentally change Americans’ relationship with the federal government. Wealth taxes are invasive, inefficient sources of revenue,” he continued.

“This budget is a slap in the face to taxpayers and consumers.”

BIDEN FIGHTS PROGRESSIVE BY FINANCING THE POLICE

“The answer is not to cut back on our police forces, but to fund our police, and give them all the tools they need — training, and foundation and partners and protectors that our communities need,” the president said during his remarks. at the White House on Monday.

The 2023 budget proposal includes $32 billion to fight rising crime, despite years of calls from his party’s progressive wing to relieve the police. Over the next decade, $30 billion in new spending will be spent expanding law enforcement and preventing crime.

Huge crime spikes, especially in cities, are a problem that could threaten the majority of Democrats in the upcoming midterm elections. In fact, Republicans are labeling the issue as widespread by the Democrats because of calls to abolish the police and rhetoric against law enforcement in general.

“The budget puts more cops on the streets for community policing so they get to know the community they control,” the president said.

When a reporter at the White House asked Monday if he was giving in to pressure from Republicans who claim Democrats are too soft on crime, Biden replied: “Isn’t it a bit fascinating, when I was first elected I was beat up because Over the past 30 years I have supported the police too much.’

“No, that’s what I think,” he whispered into the microphone.

The $20.6 billion in discretionary spending by the Department of Justice (DOJ) on federal law enforcement, crime prevention and intervention is likely to be a point of tension with the far-left wings of the Democratic Party who have called for the complete abolition and defunding of the police force. .

The new figure is $2 billion more than the $18.6 billion set by the DOJ this year.

Discretionary spending goes toward more resources for federal prosecutors and for state and local law enforcement — including hiring more police. Biden’s proposal includes paying nearly 300 new deputy marshals.

In his first State of the Union address earlier this year, Biden pledged to fund the police as cities in particular face massive crime spikes.

“We should all agree – the answer is not to fund the police, but to fund the police,” he said during his remarks in early March. ‘Found them. Fund them. Fund them with resources and training.”

The proposed increase for police, Axios said, would double funding for community police through the COPS hiring program and add $500 million for community violence interventions.

Biden has tried to distance himself from progressive points of discussion that demean police and law enforcement, especially as voters express concerns about feeling unsafe in their communities.

New York City Mayor Eric Adams, a retired police officer, met the president in his city in February to discuss rising crime and how to tackle it.

One point likely to infuriate Republicans on Capitol Hill is the addition of 140 new agents and investigators from the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), who are investigating arms trafficking and could tackle Second Amendment rights .

The proposal would also add 160 ATF investigators to work on arms dealer compliance.

A White House official told Axios, “The president’s budget will reflect three key values: fiscal responsibility, safety and security at home and abroad, and a commitment to build a better America.”

BIDEN GOES BIG IN DEFENSE AND NATIONAL SECURITY

The president’s proposal, which almost never passes Congress unchanged, also includes a $31 billion increase in defense spending, people familiar with the plan told The New York Times.

“This will be one of the biggest investments in our national security in history — some people don’t like the increase,” Biden said in his speech on Monday.

“But we’re in a different world today.”

His total request for national security spending will be $813.3 billion, including $4.1 billion for the Pentagon for defense research and development capabilities. According to the Times, nearly $5 billion will go toward a space missile warning system to detect threats and another $2 billion for a missile defense interceptor.

It comes as Russia continues its attack on Ukraine and emerging threats, such as from China, North Korea and Iran, continue to mount.

The surge in defense spending also comes as senior US generals warned Iran’s growing arsenal poses the greatest risks to US interests in the Middle East, and the threat from North Korea was apparently on display last week when it claimed its new Hwasong-17 intercontinental ballistic missile.

Analysts said the new missile could reach anywhere in the US

The proposal includes $773 billion for the Pentagon and represents a total increase of $31 billion — or four percent more — in national security spending this year than last year.

“I am calling for one of the largest investments in our national security in history, with the funds needed to ensure our military remains the best prepared, best trained and best equipped military in the world,” Biden said in a statement. . statement prior to scheduled comments.

“In addition, I call for continued investment to respond vigorously to Putin’s aggression against Ukraine with US support for Ukraine’s economic, humanitarian and security needs.”

On Monday, North Korea flexed again when state media reported that its leader Kim Jon Un had promised to develop even more powerful weapons.

On Thursday, the North conducted its 12th round of weapons tests this year and launched its Hwasong-17, which analysts said was designed to target all over the US mainland.

The Korean Central News Agency quoted Kim Jong-un as saying more was to come.

JUGLATING SECURE THE SOUTHERN BORDER AND APPLY TO PRO-IMMIGRANT GROUPS

Presidents’ budgets are rarely fully accepted and become law, but are a way for the executive branch to formulate spending priorities and detail the White House agenda as a whole.

One of the government’s main shortcomings is addressing the crisis on the southern border in a way that satisfies both sides.

Biden’s new budget would allocate just $309 million for border security and another $949 million to help process migrants. This can be seen as a tiny budget compared to some other areas where billions go to various initiatives.

Included in the total for immigration benefits is $150 million that will go to lawyers to represent migrants during immigration proceedings.

It comes after the US announced it would welcome 100,000 migrants who fled Ukraine after Russia invaded on February 24, 2022 — and continues today.

BUDGET HAS THE BIGGEST CLIMATE SPEND EVER

Biden’s budget plan would yield the most money ever to develop and support clean energy and climate programs.

While $3.3 billion would support clean energy projects, another $18 billion would go to climate resilience programs, including support for the so-called Civilian Climate Corps.

Progressive has pushed for more climate initiatives and Republicans have criticized some proposals like the Green New Deal.

Republicans have also criticized Democrats and Biden for trying to incorporate climate change initiatives into other domestic packages, such as the infrastructure deal and the now-unfunded Build Back Better plan.

A NEW SO-CALLED ‘BILLIONAIRE TAX’

Biden’s budget proposal includes a “billionaire tax” to help pay for the $1 trillion deficit reduction.

The minimum tax for the wealthiest Americans, if the budget were passed, would require households worth more than $100 million to pay at least 20 percent of their income.

Biden unveiled the Billionaire Minimum Income Tax on Monday, but it was likely to meet stiff opposition from some quarters.

The proposal aims to close an alleged loophole that will benefit the country’s more than 700 billionaires, many of whom have the bulk of their wealth in stock, which is not taxed until it is turned into a profit. sold.

To help further reduce the deficit by $1 trillion over the next decade, Biden proposes an 18 percent increase in the Internal Revenue Service’s budget.

OTHER PANDEMIC RELATED POLICIES

As a result of the coronavirus pandemic, some budget and domestic policy priorities have shifted over the past two years – this includes elections and preparedness for health emergencies.

Biden’s budget includes $10 billion for election administration, including a provision to “postage postage for ballots.”

In the 2020 presidential election, the voting system was overwhelmed as a vast majority of Americans voted by mail rather than going to their polling stations as in previous elections.

This led to claims by the Republican and pro-Donald Trump mob that the election had been rigged by the mail-in system and that people were voting for individuals who were dead or no longer alive in the jurisdiction where their blank ballot papers were mailed.

Because of the more than two-year pandemic, Biden is asking $81.7 billion for the Department of Health and Human Services (HHS) to use the next five years to prepare for more pandemics in the future.

Another $1 billion has been included in Biden’s request for guidance in schools to help students deal with the challenges of the impact of the COVID-19 pandemic.

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