Analyzing the Impact of Biden's Proposed Budget on Taxes and National Security.
TL;DR
President Biden's proposed budget would increase taxes on corporations and high-income earners, while providing tax relief for middle-class families. The plan includes raising the corporate tax rate from 21% to 28%, increasing the top individual income tax rate to 39.6%, and raising the capital gains tax rate for those earning over $1 million. The budget also includes provisions to expand access to affordable healthcare and education, and to address climate change.
- Fact Check Team: How Biden's proposed budget would impact taxes KATU
- President Biden's proposed budget for national security and defense is more than $1 trillion—an all-time high. Slate
- When it gets serious: Biden, Congress poised to square off over spending and debt Fox News
- Biden's Budget Won't Solve the US Fiscal Problem - Bloomberg Bloomberg
- Does Biden’s budget have plan to save social security? | Opinion Deseret News
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