Republicans are criticizing Biden’s proposed budget. This is expected to contain large spending increases and tax hikes. More Taxes To Be Involved in Biden’s Spending Proposal The budget aims to cut deficits by nearly $3 trillion over the next decade. However, Republicans fear it will: Moreover, the proposal includes a: The top tax rate would be restored to 39.6% for those making over $400,000 a year. Meanwhile, taxes for oil and gas companies would increase. Conservative senators immediately slammed Biden’s budget proposal… Sen. Rick Scott of Florida and Sen. John…
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