events of january 6th? i a julián castro, let s ge started. spring is right aroun the corner and joe biden i breaking out his garden shears the president formally unveile his new budget proposal this week, aiming to cut the federa deficit by projected three trillion dollars over the next decade. in part through a ne 25% tax on billionaires. other provisions of the plan, th corporate tax rate would increase from 21% to 28%. ther is an increase in capital gain taxes along with it, and to th interest loophole. tax heights for oil and gas companies, and a curtail of covid related spending now, to be clear, no one in th white house is saying that republican controlled houses will actually adopt presiden biden s budget and its current form, there will be plenty o wrangling and negotiation in the weeks to come. so wh doesn t matter? the budget proposal is a sign of th presidents priorities, who h wants to help, and what he wants to accomplish with the rest of his term. in effect, i
battle playing out over th coming weeks i mean, what is tragic is that we will view this through a political lens because we ar in a political job, i suppose. but this budget is actually lot like it is building on the successes, i mean, if we wer not talking about this in partisan sense, we would b talking about the fact tha we ve seen record job growth we have seen for the first tim in, what, 30, 40 years finally some significant we jim wage inflation. for years, workers wages did not keep up with inflation, an now we are starting to close that gap. we are creating jobs in this country faster than we are creating workers and w have a workplace shortage. these are all good problems, these are problems that we started to fix in the last term, and i suppose that the democrats look better than the republicans in this moment because they are adults trying to govern, not sitting there trying to spend our time o