Biden's Budget Proposal Aims to Address Economic Concerns Ahead of Re-Election Campaign

President Joe Biden recently unveiled his annual budget, totaling $7.266 trillion, as part of his efforts to secure a second term amid economic challenges. Emphasizing his commitment to the middle class, Biden's budget focuses on reducing costs for families and improving access to healthcare. 

See also: Senate Passes Major Government Funding Bill, Averts Shutdown

The proposal includes provisions to raise taxes on the wealthy and large corporations, aiming to cut the deficit by around $3 trillion over a decade. Additionally, the budget outlines plans to strengthen Social Security and Medicare, increase investments in American manufacturing, and advance cancer research. Despite facing resistance from congressional Republicans, Biden's budget underscores his priorities and sets the stage for upcoming legislative battles.

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