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President Biden To Announce Budget for FY23

WHITE HOUSE

President Biden will announce his budget for fiscal year 2023 shortly. A livestream can be followed here.

  • The White House claims the budget will 'reduce deficits by more than USD$1 trillion over the next decade, advance safety and security at home and around the world, and make the investments needed to build a better America.'
  • The budget is expected to propose a new 20 percent tax on households worth more than USD$100 million - the first time Biden has called for a wealth tax.

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