The Biden admin’s new budget would raise taxes. But history shows raising taxes only increases the debt and deficit in the long run. They raised taxes when Biden was installed and the debt and deficit is higher than ever. Seems they just use tax hikes to be able to borrow more.
The purpose pr higher taxes is not to increase funding but to either make things “more fair” or to insure less is available and left fallow to compete with giverment (so economic activity takes place).
How is unemployment rate doing between jan 2021 and now? How’s privste manufacturing construction going? How’s the GDP been doing? How’s union wage growth?