“President Biden’s budget will make historic investments in the American people. His fiscally responsible proposal will ensure that Medicare is fully funded through 2050 and will strengthen Social Security, without raising taxes on those making less than $400,000 per year. It will fully restore the American Rescue Plan’s expanded Child Tax Credit, which lifted nearly 4 million children out of poverty, and will increase food security for low-income families through investments in school meals and WIC. The proposal will also build on his plan to make higher education more affordable by increasing the discretionary maximum Pell Grant. These investments, plus many more, will help us build an economy that works for everyone, lower costs for hardworking Americans, and help struggling families get back on their feet while reducing the deficit by nearly $3 trillion over the next decade.
“If Congressional Republicans wish to disavow their numerous plans to gut Medicare and Social Security, they need to show us their proposal. The American people deserve to know where Republicans’ loyalties lie—with everyday Americans or with the ultra-wealthy and well-connected.”