Biden's $7.3-Trillion Budget Proposal Sparks Political Firestorm

The budget aims to tax the wealthy and corporations to expand social programs and reduce the deficit, drawing sharp criticism and political debate.

President Joe Biden's $7.3-trillion budget proposal for fiscal year 2025 includes significant tax increases on corporations and the wealthiest Americans, aiming to expand the social safety net and reduce the federal deficit.
The budget proposal has sparked a political debate, with Biden positioning it as a fight for the middle class against Trump's policies favoring the wealthy.
Critics, including former White House economist Kevin Hassett, label the budget as economic disaster, arguing it will lead to job losses and worsen inflation.
The budget also includes measures to support Medicare, Medicaid home care, and create a federal family leave program, reflecting Biden's broader social program agenda.
Republicans have criticized the budget as a 'liberal wish list,' while Biden defends it as a necessary step towards fairness and economic stability.