Chris Kleponis/CNP/Bloomberg via Getty Images(WASHINGTON) President Joe Biden on Friday unveiled a $6 trillion budget proposal for fiscal year 2022, which includes his costly initiatives already announced, including the American Jobs Plan and American Families Plan. It also includes his proposal to raise the corporate tax rate to 28% and increase the capital gains tax on the wealthiest Americans to 39.6%, but it still runs a deficit of $1.8 trillion for FY 2022 and continues to run trillion-dollar deficits yearly over the next decade. Shalanda Young, acting director of the Office of Management and Budget, said that after 2030, the budget policies will then start to reduce annual deficits, speaking on a call with reporters. The budget unveiling traditionally kicks off lengthy negotiations or fights with Congress, which must approve federal spending. The Biden administration released its budget on a Friday afternoon before a holiday weekend and as Congress leaves town for a week. Senat
The Republicans were successful in preventing a bipartisan probe into the deadly riots at US Capitol by supporters of former US President Donald Trump On January 6.
Senate vote on bipartisan Jan. 6 commission delayed overnight Brie Stimson
A Senate vote on creating a bipartisan commission to investigate the Jan. 6 Capitol riot was pushed to later Friday because of delays on an unrelated bill overnight Thursday.
Republicans are expected to oppose the commission, which Senate Republican Leader Mitch McConnell has called a purely political exercise that adds nothing to the sum total of information.
Former President Trump has labeled the proposed commission a Democrat trap.
The bill to create the commission passed through the House along mostly partisan lines last week but 35 Republicans voted in favor of it.
Republicans in the U.S. Senate on Friday were expected to block the creation of a bipartisan inquiry into the deadly assault on the Capitol by former President Donald Trump's supporters, in a vote delayed by disagreements on a sweeping tech bill.