The Biden administration is committed to raising taxes for wealthy Americans as President Joe Biden is slated to propose his budget on March 9, according to White House press secretary Karine Jean-Pierre.
Speaking to reporters on March 8, Jean-Pierre said Biden’s budget is aimed at cutting the federal deficit by $3 trillion over the next decade and noted that it would propose “tax reforms to ensure the wealthy and large corporations pay their fair share while cutting wasteful spending on special interests like Big Oil and Big Pharma.”
