I Like Big Budgets And I Cannot Lie
What A Day
What A Day
4.6 • 12.6K Ratings
🗓️ 10 March 2023
⏱️ 25 minutes
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Summary
President Biden unveiled his $6.8 trillion budget plan for the 2024 fiscal year. The plan would cut deficits by $2.9 trillion over the next decade while shoring up Medicare, bolstering military spending, and raising taxes on the wealthiest Americans.
A third Norfolk Southern train derailed in Alabama, just hours before the company’s CEO testified before Congress about the derailment in East Palestine, Ohio last month.
And in headlines: Russia launched its largest airstrike in weeks into Ukraine, Senate Minority Leader Mitch McConnell will remain hospitalized after he fell at a fundraising dinner, and Daylight Saving Time begins for most of the U.S. on Sunday.
Show Notes:
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Transcript
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| 0:00.0 | It's Friday, March 10th on Trayvell Anderson. |
| 0:09.0 | And I'm Priyanka Arabindi and this is what a day, the only podcast that apparently adheres |
| 0:14.1 | to California's indoor smoking laws. |
| 0:16.3 | Listen, Cole Sprouse, we want to hear about your childhood for sure, but the effects of |
| 0:20.7 | second-hand smoke are well documented. |
| 0:23.1 | Yeah, we just got to look out for ourselves here, sorry buddy. |
| 0:31.4 | On today's show, Russia launched one of its biggest airstrikes on Ukraine in weeks, |
| 0:36.1 | plus Tennessee's Lieutenant Governor has apparently fallen for someone's thirst traps. |
| 0:40.6 | Happens to the best of us, so it's fine. |
| 0:44.7 | But first, President Biden unveiled his $6.8 trillion budget plan for the 2024 fiscal |
| 0:50.6 | year yesterday. |
| 0:52.0 | The plan would cut deficits by $2.9 trillion over the next decade, while shoring up Medicare, |
| 0:57.9 | bolstering military spending, and raising taxes on the wealthiest Americans. |
| 1:02.7 | $6.8 trillion is a lot of money. |
| 1:06.8 | I'd say. |
| 1:07.8 | Tell us more Priyanka, what is in this budget? |
| 1:11.0 | So this budget is how Biden is showing us his priorities. |
| 1:14.5 | They include reigning in our deficit. |
| 1:17.0 | The primary way he plans to do that is through new taxes on corporations and the ultra-wealthy. |
| 1:22.5 | The plan calls for a new 25% minimum tax on billionaires income, an increase in the corporate |
| 1:28.9 | tax rate from 21% to 28%, and raising the tax on stock buybacks to 4%, I believe that's |
| 1:35.7 | up from 1%. |
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