Biden unveils $6 trillion budget aimed at addressing inequality

US President Joe Biden’s budget plan reveals a focus on reversing economic inequities but not gross domestic product stagnation.

President Joe Biden’s budget on Friday revealed a blueprint for addressing long-standing inequities in the U.S. economy, rather than serving as a game-changer for the nation’s weakened economic-growth trend of recent years. Biden’s program breaks with recent presidents’ budgets, which promised that policy proposals would turbo-charge gross domestic product. Biden’s central goal is instead societal change — attempting to reverse decades of widening income and wealth gaps that often fall along racial lines. The budget comes at the tail-end of the Covid-19 recession, which exacerbated these divides and erased years of gains made by American workers.