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Biden to Sidestep ‘Build Back Better’ Proposals in His Budget

  • President’s budget will not detail agenda’s costs, tax hikes
  • Placeholder strategy aims to avoid disrupting Congress talks
 President Joe Biden

 President Joe Biden

Photographer: Brendan Smialowski/AFP/Getty Images
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President Joe Biden will broadly endorse the climate, social safety net and tax-code changes the White House has pursued as part of his “Build Back Better” agenda in his budget proposal Monday, but he won’t specify the costs or revenues in a bid to avoid disrupting congressional negotiations.

Instead, the fiscal 2023 budget document will include a placeholder known as a “deficit-neutral reserve fund,” signaling Biden’s commitment to sweeping policy changes without spelling out the costs and benefits.