Morning Wire Biden’s Budget Proposal & Illegal Immigrant Census Inclusion | 3.12.24
Mar 12, 2024
Biden's proposed $7.3 trillion budget for 2025 sparks controversy, as it hinges on significant tax increases and raises concerns about economic stability. The debate intensifies over including illegal immigrants in the U.S. census, impacting congressional representation and potentially disenfranchising Republican voters. State attorneys general target Wells Fargo for alleged political discrimination, questioning corporate practices and the influence of ideology on lending. Tensions rise as the implications of a social credit system loom on corporate governance.
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Biden's Budget Proposal
- President Biden's 2025 budget proposes $7.3 trillion in spending, focusing on healthcare, childcare, and low-income housing.
- It's funded by a $5.5 trillion tax increase targeting corporations and high-wealth individuals.
Budget's Political Implications
- This budget proposal is unlikely to pass in its entirety due to Republican control of the House.
- It serves primarily as a political message in anticipation of the November election.
Republicans Oppose Census Inclusion
- Republicans oppose counting illegal immigrants in the census, arguing it inflates Democratic representation.
- They highlight Democrats' alleged strategy of replacing lost residents with immigrants to maintain political power.