Economic Policies

Biden’s Budget Plan Would Raise Taxes, Cut Deficit by $3 Trillion, Invest in Manufacturing

Biden’s Budget Plan Would Raise Taxes, Cut Deficit by $3 Trillion, Invest in Manufacturing
President Joe Biden outside the White House in Washington, on Mar. 1, 2023. Win McNamee/Getty Images
Emel Akan
Emel Akan
Reporter
|Updated:
President Joe Biden is set to release his $6.9 trillion budget for fiscal year 2024 that calls for significant tax increases for wealthy and corporations, cost-cutting measures for families, and more investment in American manufacturing and technology.

Biden will unveil his budget proposal on Thursday afternoon at a union hall in northeast Philadelphia, in what is anticipated to be a campaign-style event.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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