Biden’s populist budget marks the overdue end of trickle-down economics
Presidential budget proposals are rarely passed into law. Rather, it is an expression of the priorities the president promises to fight for, often following the agenda laid out in the State of the Union address. In his latest talk, state of the union address“The era of trickle-down economics is over,” President Biden said, heralding populist […]
US budget fights threaten Haiti security mission
Funding for a Kenyan-led multinational police force in Haiti comes as Republicans resist the Biden administration’s request for an additional $40 million to send troops to the Caribbean country where gang violence is rampant. It could become an unintended casualty of partisan budget battles on Capitol Hill. Port-au-Prince is in turmoil, with Prime Minister Ariel […]
Assembly Dems resist crackdown on illegal pot shops in budget
A new state law that would make it easier to padlock unlicensed cannabis stores in New York has broad support, but top Democrats in the state Legislature have refused to include the plan in this year’s budget, the Post reported. . The proposed crackdown is being pushed by Gov. Kathy Hochul and Rep. Jennifer Rajkumar […]
Virginia Gov. Glenn Youngkin says he won’t support recently passed budget that includes tax hike
RICHMOND, Va. (AP) – The budget bill passed by the Democratic-led Virginia General Assembly last week is a “broken” plan that would impose $2.6 billion in tax increases over two years, Gov. Glenn Youngkin told lawmakers Thursday. He announced that he had requested it. This is to work with him on the revision process. Yonkin, […]
Sen. Joni Ernst Vows to End Pelosi’s Biden-Funded Over Budget, Overdue Rail Extension Pork Project
Iowa Sen. Joni Ernst has announced that she is working hard to stop San Francisco Rep. Nancy Pelosi’s pork project. The project is part of the administration’s infrastructure bill and has been declared a “success” despite being billions of dollars over budget and more than a decade behind schedule. . Ernst denounced the Biden-funded South […]
NYC Mayor Eric Adams’ bid for continued mayoral control of city schools killed by NY lawmakers in state budget
Albany city lawmakers are dashing Mayor Eric Adams’ hopes of adding more control over New York City’s public schools to the state budget, the Post reported. Adams will instead have to hope the council passes an off-budget extension before June 30, when the mayor’s powers expire. “I’m sure there will be a long discussion. Could […]
Biden’s budget wages war on wealth
Like everything else coming out of this economically and morally bankrupt administration, Joe Biden’s campaign promises disguised as a budget are full of lies and subversion. Presidential budgets typically fail to pass Congress, but Biden’s $7.3 trillion spending proposal offers a glimpse into Democrats’ wealth-targeting tactics and should scare the heck out of them. of […]
Mulvaney: The president’s budget is meaningless, the rules on spending need a re-write
You may have noticed that President Biden’s 2025 budget was released this week. I say “may” because apart from the obligatory comments from the financial media and think tanks, no one seems to care. Even among people who may not have cared about the budget at all, few other than true budget fanatics noticed that […]
New York Dems set for clashes with Hochul as lawmakers unveil budget plans
Both chambers of the Democratic-controlled New York State Legislature have released their annual budget proposals. The plan marks the first stage of this year’s budget negotiations, with a final proposal expected to be submitted on April 1, although last year’s proposal was delayed considerably. “Everything we need is on the table right now,” Hochul said […]
Former White House economist warns Biden’s budget catalyzes an ‘economic disaster’
Economist Kevin Hassett examines President Biden’s 2025 budget proposal on “The Finish Line.” A former White House economist is angry about President Biden’s latest fiscal plan: increased taxes, benefits and a life in debt instead of the American Dream. “This budget is just amazing,” former Council of Economic Advisers Chairman Kevin Hassett said Monday on […]