Biden unveils USD 6.9 trillion budget, raises taxes on rich, boosts spending on social programmes, infra
Washington, Mar 10 (PTI) US President Joe Biden on Thursday unveiled a USD 6.9 trillion annual budget for the year 2024, which proposes a hefty tax on the rich, massive spending on social measures and investment on building key infrastructure.The budget was termed a "non-starter" by the Republicans who have a majority in the House of Representatives.
Biden at a rally in Philadelphia asserted that his budget reflects what "we can do to" lift the burden on hard working Americans and it would reduce the deficit this year by USD 160 billion.
