![President Biden's 2024 budget calls for higher taxes to shore up Medicare and Social Security. Critics say that will only hurt those programs.](https://san.com/wp-content/uploads/2023/04/Battle-over-Biden-budget-will-be-key-issue-in-2024-election.png?w=1920)
Commentary
-
Our commentary partners will help you reach your own conclusions on complex topics.
The budget debate is beginning to become clearer and clearer. President Biden has introduced a budget which has $4.3 trillion in tax increases. It also has increases in spending and leads to a huge deficit. But he has put pretty good language around what he would do. And he’s going to lower the cost of health care, he’s going to save Medicare, he’s going to do a whole range of things.
At the same time, the House Republicans are trying to find a way to put together a real budget that would get them to balance within 10 years. It’s a very big, very hard challenge, and there’ll be a lot of arguments. The Biden side will argue that any cut is bad, that we should spend more money, not less money, and that all tax increases are good. The Republican side will argue that a big tax increase will kill the economy, slow down economic growth, increase unemployment, and a big spending increase will increase the inflation rate.
In the work we’ve done at America’s New Majority Project, we discovered that the American people — by a pretty big margin — believe that cutting taxes, cutting regulations, focusing on economic growth, is the best way to save Medicare and Social Security. On the other hand, they also believe that having higher taxes, more spending, bigger government, actually weakens Medicare and Social Security. How this argument works out over the next six months or a year is really important to the future of the American system. And I think you’re going to find that it’s the kind of argument that’s going to get bigger and bigger as people look at all the details. And it’s only going to lead, I think, to be … one of the two or three major issues in the 2024 campaign. With people getting to choose between dramatically bigger government, higher taxes and a weaker economy, or a much smaller government with lower taxes, but a much bigger economy. I think this is one of the key issues in the next few years and well worth paying attention to.
-
Why all the changes in European parliamentary governments?
It’s been a busy couple of months in Europe. The U.K. elected the Labour Party for the first time in well over a decade. In France, the New Popular Front (NFP), a Leftist coalition, which won the most seats in Parliament during the snap elections, announced its preferred candidate for prime minister: little-known civil servant…
-
Republican nominee Trump will reenergize the country
In one week, former President Donald Trump survived an assassination attempt, selected a vice presidential running mate and become the official Republican nominee for president. Trump is ramping up his campaign to challenge his likely opponent, incumbent President Joe Biden, in November. Watch the video above as Straight Arrow News contributor Newt Gingrich celebrates Trump,…
-
Pay close attention to both nominating conventions
The Republican National Convention will be held in Milwaukee from July 15 to 18, where former President Donald Trump is expected to be formally chosen as the party’s nominee for the 2024 election. The Democrats will gather in Chicago from Aug. 19 to 22, where Democratic leaders say they will reaffirm their support for President…
-
July 4 is a sacred holiday for all free people
On July 2, 1776, the Second Continental Congress voted unanimously in favor of American independence from Great Britain, and formally adopted the final text of the Declaration of Independence two days later. Americans today mark July 4 as a national holiday to commemorate their independence and celebrate their hard-earned victory in the Revolutionary War. Watch…
-
US should eliminate taxes on server tips
In the United States, restaurant servers are paid below minimum wage and earn the majority of their incomes from tips left by customers. Even after accounting for these tips, a 2015 analysis concluded that the total median hourly income for a server in the U.S. was just $13, while bartenders earned only $9. Former President…
Latest Opinions
-
U.S. Department of Defense
Congress still trying to figure out how to reduce wasteful military spending
-
DVIDS
US Navy, Air Force making waves with new weapons at RIMPAC
-
Getty Images
Israeli PM Netanyahu meets with Trump at Mar-a-Lago
-
Getty Images
Growing US nuclear power resurgence reaches the nation’s heartland
-
Getty Images
Beer from the sun, other solar thermal projects get government funding
Popular Opinions
-
In addition to the facts, we believe it’s vital to hear perspectives from all sides of the political spectrum.