One had to wonder how serious the White House was about their budget when they released it at the very moment everyone was heading out of town for a long-overdue three-day weekend. Questionable timing aside, budgets are a statement of an administration’s priorities, and there is a lot to learn from this one.
Perhaps most notable is the very significant growth in the size and reach of government. The budget includes roughly $5 trillion in new spending and targeted tax breaks over the decade to reflect President Biden’s proposed American Jobs Plan ($2.6 trillion), American Families Plan ($1.7 trillion) and discretionary spending increases ($600 billion).
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