WASHINGTON — President Biden on Thursday proposed a $6.8 trillion price range that seeks to extend spending on the navy and a variety of latest social applications whereas additionally lowering future price range deficits, defying Republican calls to reduce authorities and reasserting his financial imaginative and prescient earlier than an anticipated re-election marketing campaign.
The price range comprises some $5 trillion in proposed tax will increase on excessive earners and companies over a decade, a lot of which is able to offset new spending applications…
