Last week, President Biden unveiled his first federal budget — a proposal with a $6 trillion price tag.
The budget’s summary declares that “America cannot afford to simply return to the way things were before the pandemic and economic downturn, with the old economy’s structural weaknesses and inequities still in place.” Instead, the Biden administration declares that America “must seize this moment to reimagine and rebuild a new American economy that invests in the promise and potential of every single American.”
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