Biden Unveils Ambitious $3 Trillion Budget Plan to Cut Deficits and Extend Medicare for Another Generation

President Biden unveiled his budget plan on Thursday, aiming to cut the deficit by nearly $3 trillion. The plan includes measures to reduce deficits, including tax hikes, and a plan to extend Medicare for another generation.

The New York Times reported that Biden plans to unveil more than $2 trillion in tax hikes in his budget, and The Hill reported that the president’s budget includes a plan to cut the deficit by nearly $3 trillion over the next decade.

In an op-ed for The New York Times, Biden laid out his plan to extend Medicare for another generation. He wrote that the program has been a lifeline for millions of Americans and that he wants to make it available to everyone.

“Under my plan, anyone who wants Medicare will be able to get it,” Biden wrote. “We’ll lower the eligibility age, expand benefits, and tackle the long-term care crisis.”

The plan has already drawn criticism from Republicans, who argue that it would lead to higher taxes and more government control over healthcare.

Senator Jerry Moran of Kansas called the plan a “bluff” in an op-ed for, arguing that it would lead to cuts in Medicare benefits.

“President Biden’s plan to extend Medicare is nothing more than a bluff,” Moran wrote. “It’s a deceptive attempt to gain support for a radical, government-run healthcare scheme that will ultimately lead to cuts in benefits and the end of Medicare as we know it.”

Despite the criticism, Biden remains committed to his budget plan, which he believes will benefit Americans across the country. As he said in his op-ed, “The American people deserve a Congress and a president who will fight for them and ensure that everyone has access to quality, affordable healthcare.”