The New Yorker: Biden’s Election-Year Budget

In today’s newsletter, taxing the very rich, and then:
•The flip-flop at the Supreme Court
•What the U.N. sees in Gaza
•Have the liberal arts gone conservative?

John Cassidy

An Explicitly Redistributive Budget for an Election Year

Joe Biden wants to expand the social safety net and reduce the deficit by raising taxes on the top two per cent and particularly the top 0.01 per cent.

Source photograph by Jessica Rinaldi / The Boston Globe / Getty

On Monday, President Joe Bidenreleased a \\$7.3-trillion budget proposal for the fiscal year 2025, featuring tax increases on corporations and the wealthy, a new tax credit for first-time home buyers, and other measures that he had alluded to during his combative State of the Union speech last week. Because of the perennial gridlock on Capitol Hill, budgets rarely influence actual spending levels these days, but they are still important political documents, especially in an election year: Biden’s budget proposal is effectively a draft of his 2024 policy platform.

The key political takeaway is that the White House is determined to frame the upcoming contest between Biden and Donald Trump as a choice between a Democrat fighting for the American middle class and a Republican stooge for the plutocracy.

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Biden’s Election-Year Budget

Plus: the flip-flop at the Supreme Court; what the U.N. sees in Gaza; and have the liberal arts gone conservative?

John Cassidy

An Explicitly Redistributive Budget for an Election Year

From the News Desk

Will the Supreme Court Now Review More Constitutional Amendments?

What a Top U.N. Official Sees on His Weekly Trips to Gaza

Libertarians and Socialists and Jill Stein—Oh, My!

Editor’s Picks

Have the Liberal Arts Gone Conservative?

Medieval Oxford’s Murder Problem

Thanks for reading.

John Cassidy

An Explicitly Redistributive Budget for an Election Year

From the News Desk

Will the Supreme Court Now Review More Constitutional Amendments?

What a Top U.N. Official Sees on His Weekly Trips to Gaza

Libertarians and Socialists and Jill Stein—Oh, My!

Editor’s Picks

Have the Liberal Arts Gone Conservative?

Medieval Oxford’s Murder Problem

Thanks for reading.

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