With a budget proposal of 6,000 billion (or 6 trillion) dollars (4.9 trillion euros), Biden wants to “reinvent” the US economy. In his budget proposal, Biden projected space for two major investment plans, which are supposed to create millions of jobs. Additionally, Biden wants to increase investment in education and healthcare, among other things. The defense budget also rose slightly to $ 756 billion (620 billion euros). aTo complete the budget, Biden wants to raise taxes on the richest Americans and big corporations.

Source: The North Africa Journal May 29, 2021 00:00 UTC