Biden's $5.8 Trillion Budget Includes New Taxes on Rich

Dr. Jared Bernstein discusses the U.S. budget, emphasizing its role as a statement of values. Key points include fiscal responsibility, deficit reduction, and investments in the middle class. The budget aims to lower prescription drug costs and improve affordability for families. It also addresses inflation and interest rates, aligning with private forecasts. The budget proposes a fairer tax policy, asking billionaires to pay more, and focuses on productive spending to boost economic growth.

What does Doctor Bernstein say about the impact of the American Rescue Plan on the economy?

How does the budget proposal address the issue of fairness in the tax code?

What values does Doctor Bernstein emphasize as being embedded in the budget document?