2024-03-13 03:05:40
President Joe Biden speaks during an event regarding lowering costs for American families at the Granite State YMCA Allard Center of Goffstown on March 11 in Goffstown, New Hampshire. Sophie Park/Getty Images
President Joe Biden released his annual budget on Monday, laying out his aspirational funding priorities in what serves as an important messaging event as he works to convince voters who are sour on the economy to give him a second term.
The $7.266 trillion budget outlined by the White House, which comes as the president hits battleground states on the campaign trail this week, builds on the policy vision he laid out in last week’s State of the Union address in which he vowed to help the middle class and tried to draw contrasts with congressional Republicans and presumptive GOP presidential nominee Donald Trump, whom he referred to only as “my predecessor.”
The administration’s proposal comes as a prolonged spat over funding the government plays out on Capitol Hill. The government has been operating on a stopgap measure for months, and lawmakers have passed a series of short funding bills that have kept the US government on the brink of shutting down for weeks as congressional Republicans fight among themselves regarding federal spending.
White House officials targeted Trump and congressional Republicans in laying out Biden’s latest budget proposal, while emphasizing Biden “has made lowering costs for hardworking families is top economic priority.”
With Biden facing persistently low ratings on his handling of the economy, despite improving economic indicators, his proposals focus on populist themes such as raising tax rates on the wealthy and large corporations and lowering the cost of prescription medications – areas where the White House thinks it can appeal to voters, even if some of those proposals as written are likely dead on arrival in a narrowly divided Congress.
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