Biden’s Budget Plan: Higher Taxes on Rich, Lower Deficits

President Joe Biden announced a budget blueprint that calls for higher taxes on the wealthy, lower federal deficits, more money for police and greater funding for education, public health and housing.

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FILE - President Joe Biden speaks before signing the American Rescue Plan, a coronavirus relief package, in the Oval Office of the White House, March 11, 2021, in Washington. Biden is releasing a budget blueprint that tries to tell voters what the diverse and at times fractured Democratic Party stands for. It calls for higher taxes on the wealthy, lower budget deficits, more money for police and greater funding for education, public health and housing. (AP Photo/Andrew Harnik, File)
Image via AP Photo/Andrew Harnik

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

WASHINGTON (AP) — President Joe Biden announced a budget blueprint Monday that calls for higher taxes on the wealthy, lower federal deficits, more money for police and greater funding for education, public health and housing. In essence, it tries to tell voters what a diverse and at times fractured Democratic Party stands for ahead of the midterm elections that could decide whether Congress remains under the party’s control. The bottom line: Biden is proposing a…

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