Biden unveils sweeping budget blueprint for next term
President Biden unveils a $7.3 trillion budget for 2025, featuring ambitious proposals to raise taxes on wealthy individuals and corporations.
The plan aims to reduce deficits by $3 trillion over the next decade, emphasizing measures such as increasing the corporate tax rate, implementing a minimum tax on billionaires, and quadrupling the stock buybacks tax.
Although the budget faces slim chances of becoming law in a divided Congress, it serves as a crucial tool for Biden’s campaign and guides Democrats in fiscal year 2025 funding discussions.
The proposal focuses on addressing “wealthy tax cheats” and revising elements of former President Trump’s 2017 tax plan, The Hill reported.
READ MORE: https://thehill.com/business/budget/4523960-biden-unveils-sweeping-budget-blueprint-for-next-term/
Links for B.C.
Visit My Website
https://bcbegley.com
Follow Me On Facebook
https://www.facebook.com/B.C.Begley
Subscribe To My Patreon
https://www.patreon.com/bcbegley
Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A
Follow Me On Twitter
https://twitter.com/BC_News1
Watch Me On Rumble
https://rumble.com/c/c-280191
Follow Me On Gab
https://gab.com/BC_Begley
-
1:02
B.C. Begley
1 day agoNASA’s Perseverance rover on Mars begins steep climb to rim of a crater
59 -
14:35
Winston Marshall
3 days agoZuckerberg’s TRUE Motives...
30.4K35 -
2:45:18
MissesMaam
4 hours agoGrinding Achievement + Perfection | Stardew Valley 💚✨ pt. 41
27.9K1 -
1:47:34
Barstool Yak
6 hours agoKlemmer's Back After His Cross-Country Purple Hat Adventure | The Yak 8-30-24
31.1K4 -
1:15:51
The Quartering
5 hours agoKamala Harris TRAINWRECK CNN Interview With Breanna Morello! Will She Backout Of Debates?
62.2K52 -
1:20:25
Russell Brand
7 hours agoKamala’s CAR CRASH CNN Interview BREAKDOWN! + Tony Robbins On The CHILD-TRAFFICKING EPIDEMIC - SF442
174K265 -
10:18
Misha Petrov
3 hours agoTikTokers Actually Want Another LOCKDOWN?!
34K38 -
1:38:34
vivafrei
8 hours agoArrest of Pavel Durov & the Attack on Encrypted Apps: Live with Russian Libertarian Mikhail Svetov
74.4K58 -
2:54:58
The Charlie Kirk Show
5 hours agoNervous Wreck Kamala + AMA | Dr. Gad Saad | 8.30.24
120K69 -
1:02:44
Miss Understood With Rachel Uchitel
7 hours agoRachel Uchitel & Sarah Fraser This week in review! Super Yacht Tragedy & Kamala Harris Unscripted
33K3