Politics

Biden’s budget to boost military, raise taxes on billionaires

By Trevor Hunnicutt, Reuters Posted on
2022-03-28T092407Z_2_LYNXNPEI2R0EA_RTROPTP_4_UKRAINE-CRISIS-USA-POLAND-1200×799-1

U.S. President Joe Biden is expected on Monday to ask Congress for record peacetime military spending while raising taxes for billionaires and projecting lower government deficits.

Biden’s budget proposal for the fiscal year starting Oct. 1 lays out his administration’s priorities but it is merely a wish list as lawmakers on Capitol Hill make the final decisions on budget matters.

See the full article at amNY

Biden’s budget to boost military, raise taxes on billionaires

About the Author

Related Articles

More from Around New York