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Biden unveils massive $7.3T budget with $5.5T in tax hikes post-State of the Union address

President Biden released his election-year budget proposal on Monday, calling for $5.5 trillion in tax increases through higher rates on the wealthy and big corporations, while cutting back on federal benefits programs, affordable housing and student loans. He called for an increase in spending on things like write-offs. The 2025 budget is highly unlikely to […]