Biden's budget battles: False credits, healthcare hits, prescription costs, and Pentagon opposition.
TL;DR Summary
President Biden falsely claimed that his new corporate minimum tax is the reason for the decline in the federal budget deficit in 2021 and 2022. The tax did not come into effect until January 1, 2023. Experts say the deficit fell in 2021 and 2022 primarily because of expiring pandemic spending, not Biden’s own policies, which had the net effect of worsening the deficit. Biden's claim is inaccurate and misleading.
- Fact check: Biden falsely credits tax that took effect in 2023 for deficit reduction in 2021 and 2022 CNN
- Biden, in preview of budget fight, hits GOP on health care The Washington Post
- President Biden speaks on prescription drug costs at Las Vegas stop News3LV
- The president’s skinny budget is heavy with costs The Hill
- Biden's Record Pentagon Budget Runs Headlong Into GOP Opposition Foreign Policy
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