higher taxes proposed for big companies and high earners. that revenue would fund a big federal pay raise and the largest peacetime military budget ever. republicans quick to say the proposal is a progressive pipe dream that is going nowhere fast. the president claims his plan will actually cut $3 trillion from the federal deficit. critics are saying that expiring covid-19 payments are probably to thank for that. mcconnell called it a wish list. thank goodness the house is republican. more reaction from senate republicans here. i think that what we ll be seeing is their aspirational budget if they were king of the world and could wave a magic wand, this is what they would want. they think you should give all your money and freedom in washington because they, the biden administration, knows better who you to spend it than you do. i don t agree with that. i don t suspect that we ll pay any attention to president biden s budget. julie: charles payne is here to break it dow