Biden Proposes $7.3 Trillion Budget With Progressive Tax Hikes for Corporations, Billionaires
The president’s budget for fiscal year 2025 increases taxes on corporations and the rich by $2.8 trillion over 10 years. WASHINGTON—President Joe Biden on March 11 released his $7.3 trillion budget for fiscal year 2025 that calls for significant tax increases for the wealthy and corporations. It features cost-cutting measures for families, building affordable housing,