Tuesday was momentous for all Americans, especially for Pennsylvanians who lunched over Gov. Tom Wolf’s state budget proposal, and for dessert, got President Donald Trump’s vision for the country.

Wolf’s $34.1 billion spending plan for the budget year that starts July 1 would increase spending by about $1.9 billion or nearly 6 percent in new spending over the current year’s enacted budget of $32.7 billion.

While Wolf’s budget would not increase rates on sales or income tax, he wants lawmakers to raise the state minimum wage to $12 an hour, up from the federal minimum of $7.25 an hour.

For a single parent of two children, a full-time job at $12 an hour comes out to $24,000 annual salary, an amount just under a $25,500 income allowance for 100 percent tax forgiveness. The allowance is $32,000 for a married couple with two children.

In other words, more Pennsylvanians will be made eligible to pay an income tax, and they will be taxed on more incomes — especially if they dare to exceed by even a small amount the income level set for them by the governor’s arbitrary regulation.

Of itself, that is neither a good nor bad thing. Everyone should strive to be productive and able to contribute to the support of the government. But we all should be aware of the principles as they are being proposed and explained.

Lest we believe our chief executive in Pennsylvania is the only one being just a tad reticent about budget realities, President Donald Trump continued to praise the country’s economic progress over the past two years amid signs that the pace of prosperity can’t continue.

“In just over two years since the election, we have launched an unprecedented economic boom — a boom that has rarely been seen before,” Trump said. “There’s been nothing like it. ... An economic miracle is taking place in the United States.”

Is that exaggeration? The economy is healthy but not nearly one of the best in U.S. history. The economy expanded at an annual rate of 3.8 percent last spring and summer, But in the late 1990s, growth topped 4 percent four straight years, It hit 7.2 percent in 1984.

Almost all independent economists say they expect slower growth this year as the effect of the Trump administration’s tax cuts fade, trade tensions and slower global growth hold back exports, and higher interest rates make it more expensive to borrow to buy cars and homes.

However, the experts have been wrong in the past. The experts predicted Trump would never get elected.

House Speaker Nancy Pelosi was seen during the president’s address wearing a pair of bright red dice around her neck — a reminder, perhaps, that politics is a domestic gamble at best. Don’t bet the farm on any policy or proposal.