Taken together, this emerging agenda would increase hardship and narrow access to opportunity widen already large differences in outcomes by race, ethnicity, and geography and hurt the country as a whole.Īs Congress and the Administration engage in the budget process this year, a central part of the debate will be deciding funding levels for defense, veterans’ medical care, and “non-defense discretionary” programs (outside of veterans’ health care) through annual appropriations. The President’s budget priorities stand in stark contrast with the emerging House Republican agenda - an agenda that pushes more tax cuts for the wealthy and profitable corporations, and holds the economy hostage by demanding deep spending cuts in areas like K-12 schools, health care, medical research, college tuition help, and help buying groceries as the price for raising the debt limit. The President’s budget would broaden opportunity, including among people and communities who have long been underinvested in, such as people with low incomes, people of color, Indigenous communities, and people in rural communities, among others. The budget makes important investments in a range of areas, including in children, supports for workers, housing affordability, education, and core government functions, among others, and finances these investments by raising taxes on high-income people and profitable corporations that have benefitted the most from the nation’s economy. The President’s budget would broaden opportunity, including among people and communities who have long been underinvested in.

It lays out an agenda that would move us closer to a nation where everyone - regardless of their background, identities, or where they live - has the resources they need to thrive and share in the nation’s prosperity. President Biden’s 2024 budget invests in people and communities and creates a 21 st century tax system that supports these investments to build toward an economy that works for everyone. Statement of Sharon Parrott, CBPP President, on President Biden’s 2024 Budget

Federal budget 2021 immigration