Media Tip Sheet: Biden Unveils Election-Year Budget Plan Including Tax Breaks, Health Care Reforms, and Deficit Reduction


March 11, 2024

President Joe Biden is set to introduce a budget plan for 2025 focused on tax breaks for families, lower health care costs, reduced deficits, and increased taxes on the wealthy and corporations. While unlikely to pass in its current form, the proposal serves as an election-year blueprint, highlighting Biden's priorities if Democrats win in November. 

Key provisions include enhanced child tax credits, tax incentives for homebuyers, and measures to lower prescription drug prices. Biden aims to define the election narrative against an expected GOP challenge led by Donald Trump, who advocates for tariff increases and deregulation.

Faculty experts at the George Washington University are available to offer insight, commentary and analysis on Biden’s election year budget plan. If you would like to speak with an expert, please contact GW Media Relations at gwmediaatgwu [dot] edu


Politics & Campaign Strategy

Todd Belt is the director of the Political Management Program at the GW Graduate School of Political Management. Belt is an expert on the presidency, campaigns and elections, mass media and politics, public opinion, and political humor. In addition to his expertise, Belt is co-author of four books and helps to run GW’s political poll, which recently shared new findings

Danny Hayes, professor of political science, is an expert on campaigns and elections who can discuss the current election landscape and provide insights and analysis on current campaign strategies. 

Christopher Warshaw, an associate professor of political science at the George Washington University, is an expert on redistricting, American politics, representation, public opinion, as well as state and local politics.

Health Care Reforms

Richard Ricciardi is an associate dean for Clinical Practice & Community Engagement in the George Washington University School of Nursing and the executive director for the Center for Health Policy and Media Engagement at GW. He is an expert on health care policy. 

Sara Rosenbaum, is Professor Emerita of Health Law and Policy and Founding Chair of the Department of Health Policy at the Milken Institute School of Public Health, George Washington University. She also holds an emerita title School of Law. A graduate of Wesleyan University and Boston University Law School, Professor Rosenbaum has devoted her career to issues of health justice, and health care for medically underserved populations. 

Jeffrey Levi, a professor of health policy and management at the George Washington University Milken Institute of Public Health is an expert on policy decisions such as cuts to public health funding.

Public Policy & Economics

Lang (Kate) Yang is a professor at GW’s Trachtenberg School of Public Policy & Public Administration. Her research interest is in state and local government finances. Her recent publications examine how states address local government fiscal stress through monitoring, intervention, and bankruptcy authorizations. Further, she examines the incentives and impediments to government financial reporting, disclosure, and transparency. Yang can discuss the impact of the proposed legislation on social security and various benefits.

Steven Hamilton is an Assistant Professor of Economics at The George Washington University. His primary area of research is public finance, where he studies the effects of taxes on behavior with a view to designing better tax policy. In recent research, he investigates the degree to which taxpayers should be allowed to claim tax deductions by measuring the extent to which taxpayers use deductions to avoid paying taxes.

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