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Billionaire’s tax, police funding, more
WASHINGTON – President Joe Biden proposed growing taxes on America’s wealthiest households Monday in a funds blueprint that appears to chop the deficit whereas boosting army spending, funding for cops and a spread of home priorities, together with psychological well being and housing.
Biden requested a $5.8 trillion funds from Congress for the 2023 fiscal yr, which begins in October, that features $1.6 billion on discretionary packages, a 7% enhance over the present yr. The linchpin is a “minimal tax on billionaires” that targets roughly the nation’s highest 700 earners.