Connect with us

Hi, what are you looking for?

OMD NewsOMD News


Tax Breaks and Affordable Healthcare for Families – Biden’s Vision!

President Biden’s 2025 Budget Proposal: A Preview of Potential Changes Post-Election

Biden’s Ambitious Budget Plan $1.9 Trillion for Programs, $3 Trillion Deficit Reduction

The 2025 fiscal year budget proposal President Biden and the Democrats achieve enough victories in the November elections and presents a possible future with significant changes. Currently, the budget is unlikely to pass through the existing House and Senate. It envisions reducing deficits by $3 trillion over a decade and raising $4.9 trillion in tax revenues. Approximately $1.9 trillion is allocated for various programs, with the remaining funds directed towards deficit reduction. The budget aims to tackle key issues like lowering healthcare costs, offering tax breaks to families, and implementing higher taxes on the affluent and corporations.

The budget proposal has faced criticism from Republican leaders who view it as an example of excessive government spending. House Speaker Mike Johnson and other GOP leaders condemned the proposal and labeling it a roadmap to accelerate America’s decline and highlighting concerns about its impact on deficits and national debt.

READ ALSO: $15,000 Tax Credit For First-Time Homebuyers: Federal Legislation Proposed- Are You Eligible?

Addressing Societal Challenges: Housing, Childcare, and Student Loans in Biden’s Budget

The budget proposal also includes measures to address pressing societal issues such as housing affordability, childcare accessibility and student loan debt. It allocates funds to build or preserve 2 million homes provides childcare support for families earning under $200,000 annually and eliminates origination fees on government student loans and offers assistance to universities in reducing costs. The proposal aims to protect essential entitlement programs like Medicare from cuts setting the stage for potential clashes between Democrats and Republicans as they navigate budget negotiations and policy priorities in the coming months.

READ ALSO: Welch Advocates For Enhanced SNAP Support For Student And Senior Communities

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...


The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...


The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...


In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...