Biden Budget Proposes Tax Hikes to Fund Ambitious Spending, Faces Economic Concerns

Biden's economic plan makes unrealistic spending promises, proposes large tax hikes on the wealthy and corporations to pay for it.

Tax hikes and deficit spending risk harming the economy through higher costs, slower growth.

Budget assumes unrealistically low interest rates, projects rising debt and deficits over time.

Biden's real goal seems to be political - to portray Republicans as opposing his popular-sounding agenda.

Nonsensical budget has no chance of passage, is about framing political debate rather than realistic policy.