#deficit-reduction

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budget-proposal
Sacramento Bee
6 days ago
California

Gavin Newsom releases $288 billion revised budget for California. How he tackled the big deficit

California Gov. Gavin Newsom reveals a $28 billion budget deficit, proposing cuts without new taxes.
The actual deficit could be higher at around $45 billion due to omissions in the calculation process. [ more ]
The New Yorker
2 months ago
Business

An Explicitly Redistributive Budget for an Election Year

The budget proposal includes tax increases on corporations and the wealthy.
The budget emphasizes framing the upcoming political contest as a choice between a Democrat fighting for the middle class and a Republican serving the plutocracy. [ more ]
www.mercurynews.com
2 months ago
Left-wing politics

Biden's budget includes tax breaks for families, hikes for the wealthy

Biden released a budget proposal focusing on tax breaks, lower health costs, smaller deficits, and higher taxes on the wealthy. The proposal aims at potential future changes post-election if Democrats win. [ more ]
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tax-increases
english.elpais.com
2 months ago
Left-wing politics

Biden's budget proposal for a second term offers tax breaks for families and lower health care costs

Biden's budget proposal includes tax breaks for families and increased taxes on the wealthy and corporations.
Deficits could be reduced by $3 trillion over a decade, with $4.9 trillion in tax revenue increases and $1.9 trillion funding various programs. [ more ]
Axios
2 months ago
Left-wing politics

Biden wants to increases taxes on corporations and the rich in his 2025 budget

Biden's $7.3 trillion budget aims to fund domestic priorities through corporate and wealthy tax increases.
The budget is a key step for Biden to detail his plans and priorities while attempting to reduce the deficit. [ more ]
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Los Angeles Times
6 days ago
California

What to know about Gov. Newsom's plan to offset California's $45-billion deficit

Gov. Newsom plans to address California's $44.9 billion budget deficit with cuts to state jobs and social programs, impacting his progressive policies and requiring use of reserves. [ more ]
www.nytimes.com
2 months ago
France politics

France Will Cut Spending as It Sees a Weaker Economy Ahead

France is facing significant budget cuts due to economic challenges
The French government is aiming to reduce the deficit by cutting costs [ more ]
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