Biden unveils massive $7.3T budget with $5.5T in tax hikes, plans for ‘highest burden’ in US history
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Loveworld / 4 months
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President Biden unveiled his election-year budget pitch Monday, calling for $5.5 trillion in tax increases by raising rates on the wealthy and corporations — while spending $7.3 trillion on defense, federal benefit programs, affordable housing and student debt cancellation, among other proposals. The fiscal year 2025 budget — which is highly unlikely to be approved by Congress […]