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(AP) President Joe Biden’s $6 trillion budget proposal for next year would run a $1.8 trillion federal government deficit despite a raft of new tax increases on corporations and high-income people designed to pay for his ambitious spending plans. The w...

Social spending, business tax hike drive $6T Biden budget

(AP) President Joe Biden’s $6 trillion budget proposal for next year would run a $1.8 trillion federal government deficit despite a raft of new tax increases on corporations and high-income people designed to pay for his ambitious spending plans. The whopping deficit projections are being driven by Biden’s costly plans for infrastructure and social spending, …