Figure 1.1 presents the coding of relative U.S. versus Chinese influence. T...
2021-06-01 2 ENGLISH REPORTS
This year’s Budget, the frst of my Presidency, is a statement of values that defne our Nation at its best. It is a Budget for what our economy can be, who our economy can serve, and how we can build it back better by putting the needs, goals, ingenuity, and strength of the American people front and center. The Budget is built around a fundamental understanding of how our economy works and why, for too long and for too many, it has not. It is a Budget that refects the fact that trickle-down economics has never worked, and that the best way to grow our economy is not from the top down, but from the bottom up and the middle out. Our prosperity comes from the people who get up every day, work hard, raise their family, pay their taxes, serve their Nation, and volunteer in their communities.
If we make that understanding our foundation, everything we build upon it will be strong. And we have already seen how that economic vision is working. When I took offce, America was a Nation in crisis. A once-in-a-century pandemic was raging, claiming thousands of American lives each day. A punishing economic crisis had erased 22 million jobs in just 2 months in the spring of 2020 and upended the lives of millions more. The pain these crises caused was visible not just in the data, but in the lives of millions of Americans: Americans who faced an empty chair at the dinner table where a loved one once sat; who had to shut down the family business; who lined up for miles in their cars waiting for a box of food to be put in the trunk; who went to bed staring at the ceiling wondering how they would get through tomorrow.
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