Business Standard

Monday, December 23, 2024 | 06:44 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Joe Biden's $6 trillion budget: Social spending, taxes on business

Biden has already described, in general terms, major plans on infrastructure and he won a major victory on Covid-19 relief earlier this year

Joe Biden
Premium

The best way to grow our economy is not from the top down, but from the bottom up and the middle out," Biden said in his written budget message

AP | PTI Washington
US President Joe Biden on Friday unveiled a $6 trillion budget for next year that's piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the nation's spiking debt from spiralling totally out of control.
Biden has already described, in general terms, major plans on infrastructure and he won a major victory on Covid-19 relief earlier this year. But Friday's rollout tallies up the costs and incorporates them into the government's existing budget framework, including Social Security and Medicare, to provide a fuller view of the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in