The trillion-dollar hole in the president’s budget

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The trillion-dollar hole in the president’s budget
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'In further proof that he doesn’t understand the first law of holes (when you’re in one, stop digging), POTUS’s budget proposal released last week calls for well over $2 trillion in spending increases,' Matt Weidinger writes.

Democrats had been optimistic that if they could just seed the generous program, then they would amass the kind of political support that makes a popular subsidy hard to repeal. “We were shocked,” said Otis Rolley, a senior vice president at the Rockefeller Foundation, who has been leading a coalition of groups to support the policy.

They shouldn’t have been shocked. The 2021 CTC expansion just wasn’t as popular as supporters expected, withNonetheless, theis once again “calling for the restoration of the full Child Tax Credit enacted in the American Rescue Plan,” while now proposing that most of that “full” restoration lasts only through 2025.

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