<p>President Joe Biden unveiled fresh budget proposals Tuesday, seeking to woo working-class Americans with pledges to reduce health care costs and target the wealthy with tax hikes as he wages an all-but-official reelection campaign.</p>.<p>The first peek at his plan -- the entirety of which is set to be revealed Thursday -- came from a White House statement showing a strategy to increase some taxes in order to extend the solvency of Medicare, the US government-funded health insurance program for seniors, "by at least 25 years."</p>.<p>But with Republicans in charge of the House of Representatives, the Democratic president's proposals will face a bitter spending fight in Congress -- a situation Biden seems ready to wield for his political advantage.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/international/world-news-politics/biden-will-seek-medicare-changes-up-tax-rate-in-new-budget-1198037.html" target="_blank">Biden will seek Medicare changes, up tax rate in new budget</a></strong></p>.<p>"For decades, I've listened to my Republican friends claim that the only way to be serious about preserving Medicare is to cut benefits," Biden wrote in a New York Times column published Tuesday.</p>.<p>"The budget I am releasing this week will make the Medicare trust fund solvent beyond 2050 without cutting a penny in benefits," he promised.</p>.<p>More than 60 million people in the United States, mostly those over age 65, rely on Medicare for their health insurance.</p>.<p>According to the White House, the program is at risk of running out of money by 2028 without intervention.</p>.<p>Biden's plan would increase the Medicare tax rate from 3.8 percent to 5.0 percent on income above $400,000 per year.</p>.<p>"Let's ask the wealthiest to pay just a little bit more of their fair share, to strengthen Medicare for everyone over the long term," the 80-year-old president wrote in the Times.</p>.<p>"Republican plans that protect billionaires from a penny more in taxes -- but won't protect a retired firefighter's hard-earned Medicare benefits --are just detached from the reality that hardworking families live with every day."</p>.<p>One Republican lawmaker briskly hit back at the plan.</p>.<p>"Biden's budget does nothing to legitimately address lowering our debilitating national debt," Senator Mike Braun said on Twitter. "At some point, the numbers will catch up to us -- and that will be (a) very bad day for Americans."</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/international/world-news-politics/businessman-perry-johnson-announces-2024-presidential-bid-1197089.html" target="_blank">Businessman Perry Johnson announces 2024 presidential bid</a></strong></p>.<p>Biden, who has said he "intends" to seek a second term but has not officially launched a campaign, is fine-tuning his message to appeal to a very specific demographic: working-class white people without a college degree.</p>.<p>The Medicare proposal is an attempt to win some of them to his side in 2024, especially as he remains aware that older white Americans tend to vote Republican.</p>.<p>In 2020, Biden won the election in large part due to support from Black people and university graduates.</p>.<p>A recent Washington Post/ABC poll found that only 31 percent of voters without a college diploma are satisfied with his economic policy, while among people who do have a degree the proportion is 50 percent.</p>.<p>In 2016 and again in 2020, around two-thirds of white voters without a college degree opted for Donald Trump, who has already launched a campaign for the next election.</p>.<p>Since his State of the Union address to Congress on February 7 -- seen as the informal start of his reelection quest -- Biden has worked to solidify an image of himself as a man of the people, a regular guy who can sympathize with families struggling to make ends meet.</p>.<p>He frequently references his father, who Biden depicts as an example of proud, hardworking folk, often saying to him: "Joey, a job is about a lot more than a paycheck. It's about your dignity."</p>.<p>Biden also regularly alludes to his no-frills childhood home in Pennsylvania -- three rooms for his parents, four children and a grandfather -- which he bills as certifying his middle-class credentials.</p>.<p>Trump for his part has developed his own plan to attract white working-class voters. In a speech Saturday to a conference of conservatives, he pounced on economic and social issues, insisting America is going down the tubes and only he can save it.</p>.<p>Billing himself as a defender of Social Security and Medicare spending puts Trump in position to take jabs at other potential Republican presidential hopefuls who favor leaner government spending.</p>
<p>President Joe Biden unveiled fresh budget proposals Tuesday, seeking to woo working-class Americans with pledges to reduce health care costs and target the wealthy with tax hikes as he wages an all-but-official reelection campaign.</p>.<p>The first peek at his plan -- the entirety of which is set to be revealed Thursday -- came from a White House statement showing a strategy to increase some taxes in order to extend the solvency of Medicare, the US government-funded health insurance program for seniors, "by at least 25 years."</p>.<p>But with Republicans in charge of the House of Representatives, the Democratic president's proposals will face a bitter spending fight in Congress -- a situation Biden seems ready to wield for his political advantage.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/international/world-news-politics/biden-will-seek-medicare-changes-up-tax-rate-in-new-budget-1198037.html" target="_blank">Biden will seek Medicare changes, up tax rate in new budget</a></strong></p>.<p>"For decades, I've listened to my Republican friends claim that the only way to be serious about preserving Medicare is to cut benefits," Biden wrote in a New York Times column published Tuesday.</p>.<p>"The budget I am releasing this week will make the Medicare trust fund solvent beyond 2050 without cutting a penny in benefits," he promised.</p>.<p>More than 60 million people in the United States, mostly those over age 65, rely on Medicare for their health insurance.</p>.<p>According to the White House, the program is at risk of running out of money by 2028 without intervention.</p>.<p>Biden's plan would increase the Medicare tax rate from 3.8 percent to 5.0 percent on income above $400,000 per year.</p>.<p>"Let's ask the wealthiest to pay just a little bit more of their fair share, to strengthen Medicare for everyone over the long term," the 80-year-old president wrote in the Times.</p>.<p>"Republican plans that protect billionaires from a penny more in taxes -- but won't protect a retired firefighter's hard-earned Medicare benefits --are just detached from the reality that hardworking families live with every day."</p>.<p>One Republican lawmaker briskly hit back at the plan.</p>.<p>"Biden's budget does nothing to legitimately address lowering our debilitating national debt," Senator Mike Braun said on Twitter. "At some point, the numbers will catch up to us -- and that will be (a) very bad day for Americans."</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/international/world-news-politics/businessman-perry-johnson-announces-2024-presidential-bid-1197089.html" target="_blank">Businessman Perry Johnson announces 2024 presidential bid</a></strong></p>.<p>Biden, who has said he "intends" to seek a second term but has not officially launched a campaign, is fine-tuning his message to appeal to a very specific demographic: working-class white people without a college degree.</p>.<p>The Medicare proposal is an attempt to win some of them to his side in 2024, especially as he remains aware that older white Americans tend to vote Republican.</p>.<p>In 2020, Biden won the election in large part due to support from Black people and university graduates.</p>.<p>A recent Washington Post/ABC poll found that only 31 percent of voters without a college diploma are satisfied with his economic policy, while among people who do have a degree the proportion is 50 percent.</p>.<p>In 2016 and again in 2020, around two-thirds of white voters without a college degree opted for Donald Trump, who has already launched a campaign for the next election.</p>.<p>Since his State of the Union address to Congress on February 7 -- seen as the informal start of his reelection quest -- Biden has worked to solidify an image of himself as a man of the people, a regular guy who can sympathize with families struggling to make ends meet.</p>.<p>He frequently references his father, who Biden depicts as an example of proud, hardworking folk, often saying to him: "Joey, a job is about a lot more than a paycheck. It's about your dignity."</p>.<p>Biden also regularly alludes to his no-frills childhood home in Pennsylvania -- three rooms for his parents, four children and a grandfather -- which he bills as certifying his middle-class credentials.</p>.<p>Trump for his part has developed his own plan to attract white working-class voters. In a speech Saturday to a conference of conservatives, he pounced on economic and social issues, insisting America is going down the tubes and only he can save it.</p>.<p>Billing himself as a defender of Social Security and Medicare spending puts Trump in position to take jabs at other potential Republican presidential hopefuls who favor leaner government spending.</p>