Biden Unveils Massive $7.3T Budget With $5.5T In Tax Hikes, Plans For ‘Highest Burden’ In US HistoryPosted on March 12, 2024 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. Photo by Kendrick Brinson for The Washington Post
