Biden’s budget plans to cut the deficit by $3 trillion in the next ten years by imposing a minimum tax of 25% on the richest Americans.

President Biden’s budget proposal, which includes raising revenue by increasing taxes on oil and gas companies and the corporate tax rate, allowing Medicare to negotiate drug prices, and boosting military spending. The budget also includes priorities such as funding for early childhood education and child care, expanding access to affordable insulin, and free community college. … Continue reading Biden’s budget plans to cut the deficit by $3 trillion in the next ten years by imposing a minimum tax of 25% on the richest Americans.