For President Joe Biden, his federal budget is a statement of values — the dollars and cents of a governing philosophy that believes the wealthy and large corporations should pay more taxes to help stem deficits and lift Americans toward middle class stability
In the view of his chief congressional critics led by House Speaker Kevin McCarthy, the budget is also the arena where they intend to challenge the president with values of their own — slashing the social safety net, trimming support for Ukraine and ending the so-called “woke” policies rejected by Republicans.
It’s the blueprint for a summer showdown as Biden confronts Republicans over the raising the debt ceiling to pay off the nation’s accrued balances, a familiar battle that will define the president and the political parties ahead of the 2024 election.
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