Here's what Biden's budget would mean — if it had a chance
President Joe Biden's new budget proposal aims to increase taxes on the wealthy and steer more money to popular programs such as Medicare
By CHRIS MEGERIAN
Published - Mar 09, 2023, 04:18 PM ET
Last Updated - Jun 22, 2023, 05:06 PM EDT
WASHINGTON (AP) — With Republicans in control of the House, there's no chance that President Joe Biden's new budget plan will become law as it stands. Instead, the financial blueprint that he announced Thursday in Philadelphia will serve as a political talking point for a president preparing to run for reelection.
Many of the key proposals are designed to draw sharp contrasts with Republicans.
Some of the highlights of Biden's plan:
