President Biden this week released his annual budget. In a letter to lawmakers, the 46th President said that this $5.8 trillion package would “[grow] our economy, while ensuring that the wealthiest Americans and the biggest corporations begin to pay their fair share.” This week, Garrett Watson joins Jesse Solis to break down what the President is proposing for this upcoming fiscal year. Garrett discusses what the budget could actually means for the policy debate in D.C., as well as what its impact would be on the U.S. economy in the face of record-high inflation.<a rel="payment" href="https://taxfoundation.org/donate/">Support the Show.</a>Follow us! <a href='https://twitter.com/TaxFoundation'>https://twitter.com/TaxFoundation</a> <a href='https://twitter.com/deductionpod'>https://twitter.com/deductionpod</a> <a href='https://taxfoundation.org/donate/'>Support the show</a>

States' Taxes Go Flat

The Deduction is your guide to the complicated world of tax and economics. From the impacts of tariffs and trade wars to debates over who pays and how much, each episode, our experts untangle another aspect of the tax code. Listen to the leading tax podcast! Have a question for one of our experts, let us know here: https://taxfoundation.org/mailbag. Follow us on Twitter @deductionpod: https://twitter.com/deductionpod