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The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals and corporations.
Total expenditures. $6.752 trillion (actual)[1] 23.4% of GDP [1] Deficit. $1.833 trillion (actual)[1] 6.4% of GDP [1] ‹ 2023. 2025 ›. The United States federal budget for fiscal year 2024 ran from October 1, 2023, to September 30, 2024. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR ...
The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16 ...
Biden's 188-page plan covers a decade's worth of spending, taxes and debt. Parents could get an increased child tax credit in 2025, as payments would return briefly to the 2021 level funded by ...
Tax policy is one of the more inscrutable parts of American politics, yet it's one of the areas that impacts the most people on a day-to-day basis. Former Vice President Joe Biden, the Democratic ...
After signing the $1.9 trillion coronavirus stimulus package into law, President Joe Biden is proposing several tax increases to help pay for mounting government debt. The Committee for a ...
The United States federal budget for fiscal year 2022 ran from October 1, 2021, to September 30, 2022. The government was initially funded through a series of four temporary continuing resolutions. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2022.
President Joe Biden is going after the income, investments, inheritance, business losses, and tax returns of the richest Americans. The 6 ways Biden's tax plan targets the rich [Video] Skip to ...