Taxing the rich to cut deficit: Five takeaways from President Biden's proposed budget
- Bias Rating
10% Center
- Reliability
- Policy Leaning
10% Center
- Politician Portrayal
98% Negative
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Center
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-100%
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100%
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Bias Score Analysis
The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.
Sentiments
22% Positive
- Liberal
- Conservative
Sentence | Sentiment | Bias |
---|---|---|
"And, he is calling for new plans to deny tax deductions for corporations that pay any employee more than $1 million and close a loophole that gives tax breaks to owners of corporate jets." | Positive | 48% Conservative |
"Social Security and Medicare Social Security and Medicare are more than government programs, said Shalanda Young, director of the Office of Management and Budget." | Positive | 20% Conservative |
"The 2025 budget would spend 6.2 | Positive | 16% Conservative |
"The budget also proposes extending the $35-cap for a month's supply of insulin and expanding a $2,000 out-of-pocket cap on all prescription drugs beyond Medicare." | Positive | 10% Conservative |
"Up to now, politics has intervened, Biden said Monday in remarks to the National League of Cities." | Positive | 6% Conservative |
"The budget proposes a plan to extend the solvency of Medicare indefinitely by increasing the Medicare tax rate on Americans who earn more than $400,000 a year, closing various tax loopholes in existing Medicare taxes and directing revenue from the Net Investment Income Tax." | Positive | 0% Conservative |
"The budget builds on the administration's efforts to lower the cost of prescription drugs by accelerating the pace in which Medicare can negotiation directly with drug companies." | Positive | 0% Conservative |
"But a bipartisan border security bill negotiated by the Senate was tanked by House Republicans at the request of Trump." | Negative | -2% Liberal |
"Like last year's budget, the White House has not proposed a similar plan to extend the solvency of Social Security but has outlined steady spending increases over the next 10 years and vowed to protect the program for seniors and disabled Americans." | Negative | -4% Liberal |
"I won't cut Social Security." | Negative | -6% Liberal |
"I won't cut Medicare." | Negative | -8% Liberal |
"And to lower health care costs, Biden has proposed making expanded premium tax credits from the Inflation Reduction Act permanent and providing Medicaid-like coverage to states that have not expanded Medicaid under the Affordable Care Act." | Negative | -8% Liberal |
"Here are five takeaways on the budget:Tax hikes on corporations, billionaires to cut deficitBiden's budget proposes tax hikes on billionaires and corporations that would raise tax receipts by $4.9 trillion over the next 10 years to offset new programs, cutting the deficit by $3 trillion over the same period." | Negative | -16% Liberal |
"Protecting Medicare and Social securityBiden, who regularly accuses Republicans of wanting to slash Medicare and Social Security, bolsters spending for both entitlement programs in his budget." | Negative | -22% Liberal |
"On Monday, the White House seized on remarks Trump made in an interview with CNBC in which the former president said, There is a lot you can do in terms of entitlements, in terms of cutting." | Negative | -24% Liberal |
"Biden has proposed reversing the corporate tax rate cut that Trump and congressional Republicans passed in 2017 by raising the rate from 21 | Negative | -34% Liberal |
"But they allow Biden to contrast his economic agenda versus Trump's in an appeal to working-class voters." | Negative | -44% Liberal |
"Biden and Democrats have long attacked Republicans by warning they can't be trusted to protect Medicare and Social Security." | Negative | -62% Liberal |
Biden also is proposing a new program under which working families with incomes up to $200,000 per year would be guaranteed affordable, high-quality child care from birth until kindergarten. | Positive | 26% Conservative |
What happens next?nnBiden's spending plan now goes to Congress, which is in charge of writing the federal budget. | Positive | 18% Conservative |
Child tax credit, aid for homebuyers and other cost-cutting measures for familiesnnBiden proposes an expansion of the social safety-net by offering several proposals to lower costs for families who are struggling financially.nn | Positive | 14% Conservative |
Biden's $7.3 trillion budget for the 2025 fiscal year - a 4.7 | Positive | 12% Conservative |
My Budget will help make that promise real," Biden wrote in a budget document to Congress.nn | Positive | 12% Conservative |
"nnBiden, speaking in New Hampshire, singled out Trump's remarks. | Positive | 4% Conservative |
"nnBiden, speaking in New Hampshire, singled out Trump's remarks. | Positive | 4% Conservative |
Biden is also pushing to increase a new minimum on the largest billion-dollar corporations - which he signed into law in 2022 - from 15 | Positive | 8% Conservative |
"nnBillions for border securitynnBiden sought $13.6 billion in emergency funding from Congress last fall to manage the surge of arrivals at the U.S.-Mexico border. | Positive | 8% Conservative |
"Up to now, politics has intervened," Biden said Monday in remarks to the National League of Cities. | Positive | 4% Conservative |
The administration says the proposal would benefit the parents of more than 16 million children.nnTo help expand home ownership, Biden is proposing a new mortgage relief credit to help increase access to affordable housing. | Positive | 6% Conservative |
Biden budget proposal: 5 takeaways from president's $7.3 trillion plan | Positive | 6% Conservative |
Biden is also proposing a $4.7 billion contingency fund that the Department of Homeland Security could tap into to boost security operations if there is a migrant surge at the southwest border. | Positive | 4% Conservative |
Biden is also calling on Congress to provide a one-year tax credit of up to $10,000 to middle-class families who sell their starter home.nn | Positive | 0% Conservative |
Biden's budget would restore the full child tax credit enacted in the American Rescue Plan, a $1.9 trillion economic stimulus package passed into law in 2021. | Negative | -4% Liberal |
"The bottom line is, he's still at it," Biden said. | Negative | -6% Liberal |
Biden's proposal will become the starting point for negotiations between lawmakers and the White House.nn | Negative | -6% Liberal |
Just begin to pay your fair share of taxes," Biden said in remarks in Goffstown, New Hampshire, discussing his budget proposal.nn | Negative | -8% Liberal |
And to lower health care costs, Biden has proposed making expanded premium tax credits from the Inflation Reduction Act permanent and providing Medicaid-like coverage to states that have not expanded Medicaid under the Affordable Care Act.nn | Negative | -6% Liberal |
Taxing the rich to cut deficit: Five takeaways from President Biden's proposed budgetJoey Garrison and Michael Collins, USA TODAYUpdated March 11, 2024 at 8:23 PMnnWASHINGTON -- President Joe Biden released a federal budget Monday that carves out new social programs for housing, health care and child care and reduces the deficit by $3 trillion over the next decade by raising taxes on corporations and the wealthiest Americans.nn | Negative | -4% Liberal |
Taxing the rich to cut deficit: Five takeaways from President Biden's proposed budgetJoey Garrison and Michael Collins, USA TODAYUpdated March 11, 2024 at 8:23 PMnnWASHINGTON -- President Joe Biden released a federal budget Monday that carves out new social programs for housing, health care and child care and reduces the deficit by $3 trillion over the next decade by raising taxes on corporations and the wealthiest Americans.nn | Negative | -4% Liberal |
Taxing the rich to cut deficit: Five takeaways from President Biden's proposed budgetJoey Garrison and Michael Collins, USA TODAYUpdated March 11, 2024 at 8:23 PMnnWASHINGTON -- President Joe Biden released a federal budget Monday that carves out new social programs for housing, health care and child care and reduces the deficit by $3 trillion over the next decade by raising taxes on corporations and the wealthiest Americans.nn | Negative | -4% Liberal |
"nnBiden's budget proposal again calls for multiple measures to improve security and deal with immigration at the southern border.nn | Negative | -12% Liberal |
In addition, Biden is asking for $1.3 billion to hire 375 new immigration judge teams to help reduce the backlog of immigration cases.nn | Negative | -14% Liberal |
Here are five takeaways on the budget:nnTax hikes on corporations, billionaires to cut deficitnnBiden's budget proposes tax hikes on billionaires and corporations that would raise tax receipts by $4.9 trillion over the next 10 years to offset new programs, cutting the deficit by $3 trillion over the same period.nn | Negative | -12% Liberal |
The Republican-controlled House is unlikely to go along with many of the president's proposals, especially those to raise taxes on the wealthy, so when the final budget is passed, it is expected to look far different from the document that Biden proposed on Monday.nn | Negative | -18% Liberal |
Protecting Medicare and Social securitynnBiden, who regularly accuses Republicans of wanting to slash Medicare and Social Security, bolsters spending for both entitlement programs in his budget.nn | Negative | -8% Liberal |
On Monday, the White House seized on remarks Trump made in an interview with CNBC in which the former president said, "There is a lot you can do in terms of entitlements, in terms of cutting. | Negative | -12% Liberal |
Biden has proposed reversing the corporate tax rate cut that Trump and congressional Republicans passed in 2017 by raising the rate from 21 | Negative | -14% Liberal |
House Speaker Mike Johnson came out in opposition to the budget immediately, calling it a "roadmap to accelerate American's decline. | Negative | -34% Liberal |
"nn"The price tag of President Biden's proposed budget is yet another glaring reminder of this Administration's insatiable appetite for reckless spending and the Democrats' disregard for fiscal responsibility," Johnson said.nn | Positive | 6% Conservative |
"nn"The price tag of President Biden's proposed budget is yet another glaring reminder of this Administration's insatiable appetite for reckless spending and the Democrats' disregard for fiscal responsibility," Johnson said.nn | Positive | 6% Conservative |
But they allow Biden to contrast his economic agenda versus Trump's in an appeal to working-class voters.nn | Positive | 8% Conservative |
But they allow Biden to contrast his economic agenda versus Trump's in an appeal to working-class voters.nn | Positive | 8% Conservative |
Although the budget has no chance of advancing in the Republican-controlled House of Representatives, it establishes Biden's priorities for the campaign and creates contrasts for an election rematch against presumptive Republican nominee Donald Trump.nn | Positive | 8% Conservative |
Although the budget has no chance of advancing in the Republican-controlled House of Representatives, it establishes Biden's priorities for the campaign and creates contrasts for an election rematch against presumptive Republican nominee Donald Trump.nn | Positive | 8% Conservative |
The Trump campaign warned that Biden's tax overhaul would lead to immediate job losses.nn | Positive | 0% Conservative |
The Trump campaign warned that Biden's tax overhaul would lead to immediate job losses.nn | Positive | 0% Conservative |
"nnBiden and Democrats have long attacked Republicans by warning they can't be trusted to protect Medicare and Social Security. | Negative | -32% Liberal |
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Contributing sentiments towards policy:
74% : And, he is calling for new plans to deny tax deductions for corporations that pay any employee more than $1 million and close a loophole that gives tax breaks to owners of corporate jets.60% : "Social Security and Medicare Social Security and Medicare are more than government programs," said Shalanda Young, director of the Office of Management and Budget.
58% : The 2025 budget would spend 6.2% more on Social Security than the current year.
55% : The budget also proposes extending the $35-cap for a month's supply of insulin and expanding a $2,000 out-of-pocket cap on all prescription drugs beyond Medicare.
53% : "Up to now, politics has intervened," Biden said Monday in remarks to the National League of Cities.
50% : The budget proposes a plan to extend the solvency of Medicare indefinitely by increasing the Medicare tax rate on Americans who earn more than $400,000 a year, closing various tax loopholes in existing Medicare taxes and directing revenue from the Net Investment Income Tax.
50% : The budget builds on the administration's efforts to lower the cost of prescription drugs by accelerating the pace in which Medicare can negotiation directly with drug companies.
49% : But a bipartisan border security bill negotiated by the Senate was tanked by House Republicans at the request of Trump.
48% : Like last year's budget, the White House has not proposed a similar plan to extend the solvency of Social Security but has outlined steady spending increases over the next 10 years and vowed to protect the program for seniors and disabled Americans.
47% : I won't cut Social Security.
46% : I won't cut Medicare.
46% : And to lower health care costs, Biden has proposed making expanded premium tax credits from the Inflation Reduction Act permanent and providing Medicaid-like coverage to states that have not expanded Medicaid under the Affordable Care Act.
42% : Here are five takeaways on the budget:Tax hikes on corporations, billionaires to cut deficitBiden's budget proposes tax hikes on billionaires and corporations that would raise tax receipts by $4.9 trillion over the next 10 years to offset new programs, cutting the deficit by $3 trillion over the same period.
39% : Protecting Medicare and Social securityBiden, who regularly accuses Republicans of wanting to slash Medicare and Social Security, bolsters spending for both entitlement programs in his budget.
38% : On Monday, the White House seized on remarks Trump made in an interview with CNBC in which the former president said, "There is a lot you can do in terms of entitlements, in terms of cutting.
33% : Biden has proposed reversing the corporate tax rate cut that Trump and congressional Republicans passed in 2017 by raising the rate from 21% to 28%.
28% : But they allow Biden to contrast his economic agenda versus Trump's in an appeal to working-class voters.
19% : "Biden and Democrats have long attacked Republicans by warning they can't be trusted to protect Medicare and Social Security.
*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.