Hochul says Biden’s proposed budget would “fuel NY’s economic comeback”

Hochul says Biden’s proposed budget would “fuel NY’s economic comeback”

WASHINGTON (AP) — President Joe Biden’s $5.8 trillion budget for next year would trim federal deficits and boost taxes on the wealthiest Americans. Both could appeal to Sen. Joe Manchin. And Democrats are hoping that could help revive talks with Manchin over the party’s derailed social and environment plan. Before Christmas, the West Virginia Democrat sank a House-passed, $2 trillion social and environment bill that was a top party priority. Manchin said it would have fueled inflation and deepened deficits. Democrats are hoping the more moderate approach that Biden’s budget takes this year might help convince Manchin that there’s a deal to be had.


“President Biden’s FY2023 proposed budget includes bold, strategic investments that will continue to fuel New York’s economic comeback and lift up future generations of New Yorkers. His budget blueprint supports our middle class by lowering family energy costs and investing in quality child care; expands domestic manufacturing to create more good paying jobs; strengthens the nation’s public health system and preparedness; and increases investments for transformative infrastructure projects, including $400 million for the Second Avenue Subway extension and $100 million to advance the first phases of construction for the Gateway Hudson Tunnel.

“Thanks to the Biden-Harris Administration and ongoing commitment from the New York Congressional delegation, New York has rightfully received needed federal support through crucial pandemic relief as well as long-overdue infrastructure funding, helping these projects move forward in a meaningful way. As we rebuild from the pandemic, infrastructure projects that support transportation equity and economic development are more important than ever before which is why I have championed projects like the Second Avenue Subway extension and visited the shovel-worthy site myself. I am determined to keep working with our federal partners to take these projects across the finish line. 

“I thank the Biden-Harris Administration for requesting additional funding for critical investments, and I urge Congress to advance the policies and priorities in the President’s proposed budget so we can continue to build our way out of this pandemic and strengthen our economy through this once in a generation opportunity.” 

Photo: New York Governor Kathy Hochul speaks during the New York State Democratic Convention in New York, Thursday, Feb. 17, 2022. (AP Photo/Seth Wenig)