Written by on March 13, 2024


Shared By Peter Boykin – American Political Commentator / Citizen Journalist / Political Candidate


Joe's big fat 2025 budget

Joe’s big fat 2025 budget




Joe Biden unveils a whopping budget proposal for Fiscal Year 2025, stuffed with sky-high taxes and a surge in welfare spending.

The eye-watering cost of Biden’s budget reaches a staggering $7.3 trillion. To put it in perspective, Donald Trump’s budget proposal during his election year clocked in at $4.8 trillion.

Biden’s own budgetary reckoning concedes that this fiscal plan would inject a hefty $1.8 trillion into our national debt in 2025 alone. Yet, in reality, the fiscal impact could soar to a jaw-dropping $2.4 trillion.



The Liberal Wishlist: Biden’s budget reads like a liberal dream, boasting around $2 trillion in fresh spending, featuring:

– $258 billion for constructing low-income housing

– $61.4 billion to bolster Ukraine

– $10,000 tax credits for home sellers

– Funding for a 50,000-person youth “ClimateCorps”

– A bump in the child tax credit

– Tax reductions for low and middle-income families


Taxing Matters: The proposed budget eyes an uptick in the corporate tax rate, soaring from 21% to 28%. Billionaires face a minimum 25% tax on all earnings, including capital gains. Senator John Cornyn warns that Biden’s “MASSIVE new taxes on job creators” will undoubtedly hike prices, putting more strain on families.

Economic Pulse Check: According to a recent Financial Times poll, a staggering 67% of voters view the economy under Biden as negative.

Reality Check: Biden’s budget is merely a pitch. The onus falls on Congress to hammer out the federal budget. However, the presidential proposal is a customary maneuver, signaling priorities and applying political pressure on the legislative branch.

In conclusion, Fox Business analyst Charles Payne delivers the final verdict on Biden’s budget, asserting, “This is a budget that says ‘We don’t believe in what America was built on: capitalism.'”



[Source: AP News, Fox News, Axios, Epoch Times, ATR]







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