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President Joe Biden speaks about his fiscal 2024 budget proposal at the Finishing Trades Institute in Philadelphia on Thursday, March 9, 2023. (Screen shot from White House feed)

Biden budget asks for 25% tax on billionaires, boosts in domestic and defense spending

BY: - March 9, 2023

WASHINGTON — President Joe Biden’s budget request for the upcoming fiscal year asks Congress to boost funding for defense and domestic programs and levy a 25% minimum tax on billionaires, setting up a significant contrast with House Republicans, who hope to cut spending to last year’s levels and overwhelmingly oppose tax increases.  The president’s budget […]