President Joe Biden unveils USD 6.9 Trillion budget, raises taxes on rich, boosts spending on social programmes and infrastructure
Shortpedia
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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. "To support working parents, my budget expands access to affordable childcare for millions of families. And it's going to invest in paid family medical leave," Biden said, adding that his budget also invests in elder care.
