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speaker kevin mccarthy has yet to issue a budget for the next fiscal year. but did manage to cobble together one frankenstein' monster of a debt ceilin proposal this week mccarthy presented a sweeping 320-page bill tha would pair 4.5 trillion dollar in spending cuts with a 1. trillion-dollar increase in th federal dilemma that would kee the bill collectors at bay until march 24th, just in time for the campaign season to hea up the white house says thi spending cuts wish list tied t the debt ceiling is nonstarter meanwhile, golden sach economists are saying that the united states coul...

>> george, you not fooling anyone >> yeah, except i did. now i'm in congress. >> i am jonathan capehart, thi is the sunday show president biden unveiled his new budget proposal this week, a seven trillion dollar plan that in vested billions into affordable childcare, whol care for older or disabled americans, and lowering housin costs. the plan proposes to pay for i by the corporate tax rate to 28% and imposing in 25% tax on billionaires a proposal snl had a little fu with last night. >> president biden proposed hi budget that would help fun medicare with 25% tax on billionaires take...

Is just not the right step forward to have all of thi economic progress that i jus talked about >> correct me if i am wrong, the last time you were here wa just after the administratio released its budget. for fy 2024, fiscal year 2024, that was february, right >> we released it march 9th, and you and i talked about it, i think, yeah, a little before that >> so it has been a month and half have you even seen a smoke signal from the house abou when it might reveal its own budget for the next fiscal year? >> we've certainly heard fro various members, including the speaker, that we were going to ...

I applaud them for putting tha out there. i do question whether th majority of republican support this is it the majority o republican plan oranges th freedom caucus we are waiting to see wh stands behind that plan that would entail catastrophic cuts to the middle class. a >> republican say that thi plan is dead on arrival. particularly the higher taxe on the ultra wealthy is there any place in that where the president woul compromise right now he wants to raise th talks tap rate from 21 to 28%. a 25% on billionaires. could there be compromise on the rate of increase >> here's the thing, we ar...

>> george, you not fooling anyone >> yeah, except i did. now i'm in congress. >> i am jonathan capehart, thi is the sunday show president biden unveiled his new budget proposal this week, a seven trillion dollar plan that in vested billions into affordable childcare, whol care for older or disabled americans, and lowering housin costs. the plan proposes to pay for i by the corporate tax rate to 28% and imposing in 25% tax on billionaires a proposal snl had a little fu with last night. >> president biden proposed hi budget that would help fun medicare with 25% tax on billionaires take that riha...