Biden Touts New Budget With Tax Hikes, Critics Push Back

President Joe Biden released his 2024 budget Thursday that includes a trove of tax hikes, quickly sparking pushback from critics. The White House said the budget will cut deficits by nearly $3 trillion over the next decade. Critics argued that despite those cuts, the national debt is still soaring, projected to surpass $50 trillion in the next decade. The Committee for a Responsible Federal Budget said despite Biden's claims, U.S. Gross Domestic Product would increase from 98% at the end of this year to a record 110% by 2033. --- Listen to Other ATN Productions: America's Talking: An interview podcast hosted by Austin Berg. Guests include professors, journalists, artists, business and nonprofit leaders, authors, and more. Everyday Economics: Join economist Dr. Orphe Divounguy and Chris Krug as they discuss global markets, inflation, and everything else that will help you understand the economic world around you. Future of Freedom: Future of Freedom is a bi-weekly podcast highlighting the work of the non-profits which are shaping the future of the freedom movement. Listeners will hear civil, intellectual conversations about why the organizations exist, what their mission is, and how they work to achieve it. Hosted by Scot Bertram. Support this podcast: https://podcasters.spotify.com/pod/show/america-in-focus/support Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.