On Politics

Tue Mar 12 2024

Sudiksha Kochi | Congress, Campaigns and Democracy Reporter

@KochiSudiksha

Hey OnPolitics readers! President Joe Biden released a budget proposal Monday that carves out new programs for housing and health care. It would also reduce the deficit by $3 trillion over the next decade by raising taxes on corporations and the wealthiest Americans.

Although the budget has no chance of advancing in the Republican-controlled House of Representatives, it establishes Biden's priorities for his campaign and creates contrasts for an election rematch against Republican frontrunner Donald Trump , USA TODAY's Joey Garrison and Michael Collins reported.

Here's what's in Biden's budget:

✔️ Protecting Medicare and Social Security: Biden, who regularly accuses Republicans of wanting to slash Medicare and Social Security, called for bolstering spending for both entitlement programs in his budget.

Prep for the polls: See who is running for president and compare where they stand on key issues in our Voter Guide

⬆️ Tax hikes on corporations and billionaires: Biden's budget proposes tax hikes on billionaires and corporations that would raise tax receipts by $4.9 trillion over the next 10 years.

💸 Billions for border security: The proposed budget includes $405 million to hire 1,300 additional Border Patrol agents and $239 million for 1,000 additional Customs and Border Protection officers in an effort to stop fentanyl and other contraband from entering the country.

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Prep for the polls: See who is running for president and compare where they stand on key issues in our Voter Guide

Trump says Day 1 priority if he wins is releasing Jan. 6 rioters

Former US President and 2024 presidential hopeful Donald Trump gestures to the crowd after speaking at a campaign event in Rome, Georgia, on March 9, 2024.

Trump has said he would be a 'dictator on his first day with respect to immigration and energy production; he has now added Jan. 6 rioters to his list.

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