The President’s new budget mentions “equity” 63 times, “transgender” eight times and “queer” seven times

Joe Biden’s new budget, released Thursday, includes few initiatives to address the drug crisis sweeping the county but is heavily influenced by gender politics, according to a new analysis.

Biden mentioned “justice” 63 times in the document, Fox News found — more than twice as many references to the word “border.”

The word “fentanyl” was only mentioned twice.

The word “transgender” occurred eight times, “queer” seven times – while the word “opioid” occurred four times.

“Justice,” a key focus, was cited in the context of racial justice, equal access to health care, and equality for veterans.

President Joe Biden will address his 2024 budget proposal Thursday at the Finishing Trades Institute

The White House posted a video on social media on Thursday promoting the budget

The document was published online. It is not believed to happen

“On his first day in office, the President signed a sweeping executive order directing the entire federal government to advance an ambitious justice and racial justice agenda — not as a year-long project, but as part of a sustained commitment to making the promise of making America real to every American.” , the document says.

“Since then, the administration has made significant strides in promoting equity across the federal government, including through the issuance of a second executive order that strengthens its ability to create opportunities for historically underserved communities and populations and continues to build an America in all to participate, thrive and reach their full potential.”

Biden’s plan for 2024 is considered unlikely.

Analysts describe the proposal as a blueprint for the issues he will run for in 2024 if he decides to run for re-election.

Biden also threw down the gauntlet at his Republican rivals, demanding that they, too, disclose their spending plans.

“I’ve set my budget now,” he said.

“Republicans in Congress should do the same.”

Biden said his plan was designed to help ordinary working people

Biden’s plan would cut deficits by $2.9 trillion over the next decade — a proposal Republicans already want to reject.

Speaking at a union training center in Philadelphia on Thursday, the president discussed his plan for government finances and how his values ​​contrast with Republican priorities.

“I just finalized most of my budget,” Biden said.

“Republicans in Congress should do the same. Then we can sit down and see where we disagree.’

However, the president doubted that Republican congressmen would be able to reconcile their numbers with their demands for a balanced budget, and he hinted that any effort to do so could come at the expense of middle-class families.

“How will they make the math work?” said Biden. “What are you going to cut?”

House Speaker Kevin McCarthy said the president’s proposed deficit reduction is insufficient.

“It just looks like it’s going to form the largest government in history.

“I don’t think we need that at this point,” he said.

In addition to reducing the deficit, Biden’s 10-year budget largely revolves around the idea of ​​taxing the wealthy to fund programs for the middle class, older adults, and families.

It would bring in $4.7 trillion from higher taxes, with an additional $800 billion in savings from program changes.

The tax hikes include a reversal of 2017 tax cuts that President Donald Trump made for people earning more than $400,000 a year.

Biden introduced a new minimum tax of 25 percent for households valued at $100 million or more.

Also, the tax that companies pay on share buybacks would quadruple, and those earning more than $400,000 would pay an additional Medicare tax that would help keep the program solvent beyond 2050.

Medicare could negotiate the price of more prescription drugs, helping the government save money.

It would add $2.6 trillion in new spending, including restoring the Expanded Child Tax Credit, which would earn families up to $3,600 per child, compared to the current level of $2,000.

This credit would be “fully refundable,” meaning households could get the full amount even if they didn’t owe any taxes.

The budget proposal would cap insulin prices at $35 per month, in line with a change Biden has already made for Medicare beneficiaries.

At a time of rising tensions with Russia and China, the budget shows a decline in military spending as a proportion of the US economy over the next decade.

But federal spending would be about a quarter of economic output as spending on Social Security and Medicare increases, which would keep the government essentially the same size as it is now.

The budget would seek to close the “carried interest” loophole that allows wealthy hedge fund managers and others to pay their taxes at a lower rate and would prevent billionaires from investing large amounts of their holdings in tax-advantaged retirement accounts.

The plan also envisages saving $24 billion over 10 years by eliminating a tax subsidy on cryptocurrency transactions.

Source: | This article originally belongs to Dailymail.co.uk