george, you not fooling anyone yeah, except i did. now i m in congress. i am jonathan capehart, thi is the sunday show president biden unveiled his new budget proposal this week, a seven trillion dollar plan that in vested billions into affordable childcare, whol care for older or disabled americans, and lowering housin costs. the plan proposes to pay for i by the corporate tax rate to 28% and imposing in 25% tax on billionaires a proposal snl had a little fu with last night. president biden proposed hi budget that would help fun medicare with 25% tax on billionaires take that rihanna! the white house says th plan could cut the federal deficit by a whopping thre trillion dollars over the next decade while still allowing th government to provide for thos who need a little extra help house republicans say the plan is dear way. citing theneed to curb spending due to the debt ceiling. reminder, that is money we v already spent. at the state of the union, the enthusiasti
320 free community college and prepare. here is a question the national debt right now is 31 point 46 trillion dollars how can we have for this can t this add to the national debt jonathan, thank you for this remember, budgetary abou values this president says that all the time it s not just about numbers. it s about what you value an who are you for. this president has made clea with this budget that he is fo working families and the middl crass. that is in stark contrast with some of our friends on the other side of the aisle wh want to continue to give tax giveaways to the wealthiest in this country this president wants to invest in the american people you talked about som proposals. paid leave is a good example that we think we must invest i this country in order to gro the economy. he also believes that we hav to do this fiscall responsibly. that is why this president has
put forth proposals to reduc the deficit by over thre trillion dollars people in this town like t talk about being fiscall responsible. this president has actuall done it. after he presided over a 1.7 trillion dollar defici reduction his first two year in office. having said that, in th budget document you foresee budget deficit increasing to 1.8 trillion in 2024 i ll be out, why is that remember where this president started. he inherited record deficits from the last administration after the two trillion dollars in unpaid for tax cuts tha skewed to the wealthy. what i say is welcome to those who are now interested i fiscal responsibility. this president has been there. we welcome all who now want to talk about it. this president -
opportunity to really cement a strong resume by standing up for democracy on january 6th chose not to, you know, asid from the smallest inventiv way. and now he finds himself in position where he s trying t compete for a nomination where they ve already legitimize donald trump s insurrection, you know mike pence did absolutel nothing to serve his presidential ambitions by thos decisions, that s really wha frustrated me the most about it it would be one thing to, yo know, sell your country unde the, you know, under the bridg for what pence did it s quite another if it doesn t even help me politically, it certainl hasn t helped him. nicholas, i m gonna switc gears with you, sincere th congressional reporter here at the table. the president released his budget, 6.8 trillion dollars republicans said, well basically before they even see it, this is doa. my question to you, where is their budget the speaker mccarthy even have
democrats leverage i have seen the show befor back when republicans ran th house 2016, 2017, they als tended to have a tough time to get to 18 to pass the budget that gave house democrats in the minority a lot of leverage combine that with o, by the, way the president is a stron democrat and democrats control the senate i completel disagree with the idea that th biden budget is t away i think many of the things tha are in there you actually se in the final product the one factor that is at work now that wasn t and 201 or 2017 when republicans wer in charge of the house, th house speaker is a hostage you have the house freedom caucus that says you are not getting any of our votes he cannot afford to lose mor than five votes. they ve already said you canno raise the debt ceiling wit democratic votes i asked a question, again,