palestine, ohio. we re watching all that again today. dana: meantime president biden is heading to pennsylvania today going to roll out his election year budget plan pushing to connect with voters in what will be a must-win state for either of the candidates. welcome to a new hour of in us news, i m dana perino. good morning. bill: i m bill hemmer. good morning. president biden expected to lay the ground work for a possible second term using his budget proposal as part of a political push to launch attacks against republicans. you have heard a lot of them already actually. meanwhile his democratic coalition is showing signs of strain thanks to recent moves by his administration on immigration, also the d.c. crime bill. all this as the president sets his sights on new government spending and raises taxes on the wealthy. he is doing it by raising a massive amount of taxes. now, you either believe there are two types of economists now on capitol hill. there are people wh
higher taxes proposed for big companies and high earners. that revenue would fund a big federal pay raise and the largest peacetime military budget ever. republicans quick to say the proposal is a progressive pipe dream that is going nowhere fast. the president claims his plan will actually cut $3 trillion from the federal deficit. critics are saying that expiring covid-19 payments are probably to thank for that. mcconnell called it a wish list. thank goodness the house is republican. more reaction from senate republicans here. i think that what we ll be seeing is their aspirational budget if they were king of the world and could wave a magic wand, this is what they would want. they think you should give all your money and freedom in washington because they, the biden administration, knows better who you to spend it than you do. i don t agree with that. i don t suspect that we ll pay any attention to president biden s budget. julie: charles payne is here to break it dow