WASHINGTON — President Biden on Thursday proposed a $6.8 trillion finances that seeks to extend spending on the navy and a variety of latest social applications whereas additionally decreasing future finances deficits, defying Republican calls to cut back authorities and reasserting his financial imaginative and prescient earlier than an anticipated re-election marketing campaign.

The finances accommodates some $5 trillion in proposed tax will increase on excessive earners and firms over a decade, a lot of which can offset new spending applications…


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