Biden's Proposed Budget Aims To Hike Ukraine Aid, Tax The Rich
NDTV
The massive $5.8 trillion plan would pay for many of Biden's policy proposals, as his administration struggles with low approval ratings and a record inflation wave.
The United States would allocate billions of dollars in aid to Ukraine, tax the wealthy and lower its deficit under a budget proposal President Joe Biden unveiled on Monday.
The massive $5.8 trillion plan would pay for many of Biden's policy proposals, as his administration struggles with low approval ratings, a record inflation wave and ongoing uncertainty linked to the Covid-19 pandemic.
The budget must be approved by Congress, which Biden's Democratic party controls by a slim majority, but where lawmakers of both parties are sure to demand changes.
The Democratic left wing is likely to push back against the proposal's sharp four percent increase in defense spending, for example.
