Biden details plan to cut U.S. deficit by $2 trillion over next decade

Biden details plan to cut U.S. deficit by $2 trillion over next decade

U.S. President Joe Biden warned union workers Wednesday about the state of the economy and the threats that House Republicans and their policies pose to rank-and-file members.

Wednesday’s speech to the the International Brotherhood of Electrical Workers Local Union 26 in Maryland is the latest in a string of public addresses he’s given on his plan to, in his words, “build an economy from the bottom up and the middle out.”

Biden has made a point of speaking to union workers and highlighting jobs being created by his policies, like the Bipartisan Infrastructure Law, that don’t require four-year college degrees. The president visited a LIUNA Laborers’ Apprenticeship and Training Center in Wisconsin last week and a steamfitters hall in Virginia in late January.

The president bashed Republican policies in Wednesday’s speech, arguing the rival GOP plan would increase the debt by more than $3 trillion over the next decade, specifically benefiting the richest Americans, corporations and pharmaceutical companies.

Biden argued that his budget won’t increase taxes on Americans making less than $400,000 a year and will ultimately cut the deficit by $2 trillion over the next decade. The president has yet to release his budget plan but has promised to do so by March 9.

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By dreamer_live

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