Biden’s FY25 budget is ambitious but a future framework, Rep. Neal says

President Biden has put forward his plan for the 2025 fiscal year budget forward Biden's proposed budget for FY 2025 includes tax breaks for families reduced health care costs and smaller deficits while increasing taxes on the rich under the proposal the government would spend $7.3 trillion next fiscal year and borrow 1.8 trillion to cover the shortfall from tax receipts Congressman Richard Neil was in Western Massachusetts today and shared his thoughts on the proposed budget with 22 News I think the president used the State of the Union to point out where he intends to take the federal government during the course of the next four years I think it's probably a very ambitious budget but remember it's a framework for where we want to go it's a statement of priorities some of the budget's proposals include an expanded child care tax credit funding for climate change and reforms to Medicare and Social Security Biden's budget proposal has already received push back from House Republicans who called it misguided and lacking fiscal sanity