Biden's $6T budget: Social spending, taxes on business
May 28, 2021
WASHINGTON (AP) — President Joe Biden on Friday unveiled a $6 trillion budget for next year that's piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the nation's spiking debt from spiraling totally out of control.
Biden has already described, in general terms, major plans on infrastructure and he won a big victory on COVID-19 relief earlier this year. Friday's rollout incorporates those costs into the government's budget framework, including Social Security and Medicare, providing a fuller view...