Join News Views for a Live Discussion on President Biden’s speech about his proposed budget for Fiscal Year 2023. According to CNBC, his proposed budget will focus on “tax hikes on the ultra-wealthy and corporations while providing billions of dollars in new spending at the Defense Department and the Justice Department.
The proposal sent to Congress touts a reduction in the federal budget deficit of more than $1 trillion over the next 10 years. This is paid for, in part, by raising the corporate tax rate from 21% up to 28%, a rate favored by progressive Democrats but opposed by key moderates. Biden also proposes a new 20% minimum tax on the top 0.01% earners and households worth more than $100 million.”
The speech should begin at 2:45 p.m. ET/11:45 a.m. PT.
