President Joe Biden released his budget plan on Thursday, including multiple proposed tax hikes that failed to pass with a Democratic Congress in prior years. The proposal includes plans to expand Medicare taxes on earners over $400,000, a quadrupling of the 1% surcharge on corporate stock buybacks, and a new 20% minimum tax on income and theoretical financial earnings of those worth over $100 million. His proposal immediately drew criticism from both Republicans and Democrats, as the Biden administration attempts to push a progressive agenda but desperately ignores the obvious issue of runaway national debt.

Along with Biden's aggressive tax hike plans, he has also publicly opposed any real spending cuts, despite Republicans insisting cuts are a necessary measure to combat a spiraling debt that is currently projected to nearly double the nation's GDP by end of 2024. However, Biden merely requests that Republicans lift the debt ceiling with no questions asked, showing he is