WASHINGTON, D.C.: President Joe Biden's $6-trillion budget proposal for next year would run a $1.8-trillion federal government deficit despite a raft of new tax increases on corporations and high-income people designed to pay for his ambitious spending plans.
Biden had already announced his major budget initiatives but during a rollout on Friday (Saturday in Manila), he will wrap them into a single proposal to incorporate them into the government's existing budget framework, including Social Security and Medicare. That provides a fuller view of the administration's fiscal posture.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.