“The budget plan would allow Medicare to negotiate prices for more drugs and bring them into negotiation sooner after they launch.” Saving money by negotiating down the cost of prescriptions: “A series of new prescription drug-related proposals would save more than $200 billion over a decade by imposing new rules on the pharmaceutical industry,” reports the WSJ.Partially reversing former President DONALD TRUMP’s corporate tax cuts, “raising the corporate income tax rate to 28 percent from 21 percent,” per NYT’s Jim Tankersley.Higher taxes for oil and gas companies, ending the industry’s so-called “special tax treatment,“ which the White House claims will total $31 billion.Bloomberg: “Biden to Urge 25% Billionaire Tax, Levies on Rich Investors” Higher taxes for the ultra-rich: Biden is expected to call for a 25% minimum tax on households that are worth more than $100 million.Reduce the deficit by nearly $3 trillion over 10 years. The metaverse may be virtual, but the impact will be real.Įxplore more possibilities with the metaverse.Ī White House official told us last night that Biden’s budget proposals will fall into essentially four main categories:ġ. One day, firefighters will use the metaverse to navigate through smoke and fire to find trapped people in burning buildings, saving crucial seconds when lives are on the line. The fight is the point.Īugmented reality will help firefighters with search and rescue. And as such, the White House sees no downside whatsoever to throwing out things that will never pass the Republican-controlled House. (We’re sure it’s purely coincidental that he’ll be unveiling the budget in the critical swing state of Pennsylvania.) So why does it matter? Beyond the obvious implications for governing, we’re told it’ll constitute the crux of Biden’s pitch as he’s expected to launch his reelection campaign in the near future. In private, administration officials readily admit that they know it’s not going anywhere. No one in the White House seriously believes that Congress will adopt it in its current form. Around noon, President JOE BIDEN will release his proposed federal budget. INSIDE BIDEN’S BUDGET - It’s the day all of D.C. The private paper - the existence of which has not been reported before - forecast with chilling confidence the likelihood of violence during the presidential handover and proposed a far-reaching set of political reforms to thwart Trumpism in the future.” Democrats Are Missing Its Other Warnings,” by Alexander Burns: “Weeks before the 2020 election, a secret 87-page document outlined in matter-of-fact language the threat posed by DONALD TRUMP’s still-to-come campaign of election denial. SECRET REVEALED - “A Startling Document Predicted Jan. In August 2019, he fractured his shoulder after tripping and falling on his patio. “He has been admitted to the hospital where he is receiving treatment,” a McConnell spox said in a statement.īackground: McConnell, who battled polio as a child and eventually regained full use of his paralyzed left leg, has been known to struggle with climbing stairs, as he told the AP in 2020. McCONNELL HOSPITALIZED - Senate Minority Leader MITCH McCONNELL was hospitalized after tripping and falling during a private dinner on Wednesday night. | Patrick Semansky/AP Photo DRIVING THE DAY The proposed federal budget will constitute the crux of Biden’s pitch as he’s expected to launch his reelection campaign in the near future.
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