The Biden White House has found a new way to make its spending-and-tax proposals appear less expensive: Simply don’t count them in the budget totals.
The president’s long-awaited (and delayed) fiscal year 2023 budget counts as the first “real” budget proposal of the Biden administration. (These budgets usually take more than a year to produce, and so last year’s version by a brand-new administration was understandably rushed and truncated.) This year’s budget was expected to flesh out the details of President Biden’s incredibly expensive agenda.
Brian Riedl is a senior fellow at the Manhattan Institute.
