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
Photographer: Brendan Smialowski/AFP/Getty ImagesThis article is for subscribers only.
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.