At a time when working families are having trouble affording everything from healthcare to education to housing to food, we need a budget that lowers costs for millions of households―paid for by making the wealthy and big corporations pay their fair share.
President Biden’s FY2025 budget would expand the Child Tax Credit, expand Affordable Care Act subsidies to help millions of people afford healthcare in states that haven’t expanded Medicaid, invest in free pre-K for 2 million kids, implement a national paid family and medical leave program, provide free community college, expand Social Security’s modest benefits, and more.
It would also reduce the national debt by nearly $3 trillion.
He does this by raising the corporate tax rate, implementing a 25% tax on the wealth gains of billionaires and ultra-millionaires, ending tax breaks for excessive CEO pay, closing loopholes that encourage corporations to ship jobs and profits offshore, and much more.
I urge Congress to pass President Biden’s FY2025 budget to invest in working people and our future. By wide margins, the American people think that the wealthy and large profitable corporations should pay more of their fair share in taxes. So endorsing the president’s budget is not only good policy, it’s good politics. Thanks!
