But what if Biden wins? What kind of a budget will we see in 2021?
It depends on whether the Democrats win the Senate or not. If they do, Biden and the Democratic leadership use reconciliation to approve massive new public health expenditures, a much higher minimum wage, and tax increases on the wealthy and corporations. If not, Mitch McConnell immediately returns to his 2009 playbook and starts screaming about spending and the deficit, and it becomes difficult just to keep the government open. The country limps forward, and any major efforts at restructuring await the 2022 election.