Headline RoundupMay 29th, 2021

Biden Unveils $6 Trillion Budget Proposal, Excludes Hyde Amendment

Summary from the AllSides News Team

On Friday, President Joe Biden revealed his $6 trillion budget proposal for the 2022 fiscal year, which includes a tax hike on businesses and an increase in safety net spending, and excludes the Hyde Amendment. The new proposal includes Biden’s $2.3 trillion American Jobs Plan and $1.8 trillion American Families Plan, and is a large increase from the previously-proposed $1.5 trillion 2022 budget. The plan also calls for raising annual federal spending to $8.2 trillion by 2031 and would keep annual deficits above $1.3 trillion for the next decade, with the federal government spending more as a percentage of the economy than any year since World War II, except 2020 and 2021. The White House projects the economy to expand by 4.3 percent in 2022, and that the unemployment rate will fall from 6.1 percent as of last month to 4.1 percent next year. The budget also excludes the 1976 Hyde Amendment, which bars federal funding for abortion and has been included in spending legislation for decades; Biden had supported the amendment before reversing his position during his presidential campaign. 

Outlets across the political spectrum provided analysis regarding the budget and its likelihood of passing; the Hyde Amendment's exclusion also received coverage from across the spectrum. 

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