Biden Budget Proposal Details 2025. President biden is proposing extraordinarily large tax hikes on businesses and the top 1 percent of earners that would put. President biden's 2025 budget builds on this historic progress by lowering costs for families, protecting social security and medicare, and cutting the deficit by about $3 trillion over the.
The white house unveiled a new $7.3 trillion federal budget proposal on monday, a plan that would hike taxes on billionaires and large corporations to pay for programs that would cut costs for. Biden’s budget proposal also contains other tax increases on the wealthy, including raising the top marginal income tax rate to 39.6%, up from the 37% rate established by the.
