President Biden's budget proposal aims to lower costs for families, cut the deficit by $3 trillion, build more affordable housing, and protect Social Security and Medicare. The plan ensures no one making less than $400,000 pays new taxes. However, extending the TCJA below $400,000 could erase the $3.3 trillion deficit reduction. The budget also focuses on expanding the Child Tax Credit, making childcare more affordable, investing in affordable child care, lowering prescription drug costs, and strengthening Social Security and Medicare.
The President’s 2025 federal budget proposal will: ✅ Expand savings on prescription drugs ✅ Invest in affordable child care ✅ Protect and strengthen Social Security and Medicare
From investments in affordable child care, to making higher education more accessible, to restoring the expanded Child Tax Credit, @POTUS is lowering costs for families across the board. https://t.co/DJYdVogGTD
President Biden’s budget will: 👩👦 Expand the Child Tax Credit 🎒 Make childcare more affordable 💲 ️ Protect Social Security and Medicare
The President’s Budget reduces deficits by $3.3 trillion on paper. His call to extend the TCJA below $400,000 would erase those savings. New from @BudgetHawks: https://t.co/F58N6WYFZI
President Biden’s budget will 🔹Lower costs for families 🔹Cut the deficit by $3 trillion 🔹Build more affordable housing 🔹Protect Social Security and Medicare All while ensuring no one making less than $400,000 pays a penny in new taxes.